Wholesale inflation rises 2.2% in September, biggest year-over-year gain since April - U.S. wholesale prices rose last month at the fastest pace since April,

abcnews.go.com

With the US now supporting wars on two fronts, will the Fed hold the line on fighting inflation?  It boils down to the now classic argument "Guns or Butter." If you opt for having guns, you can't long have butter, too, without falling into ruin, which will often come from trying to have guns and butter simultaneously.  Either we proceed into hyperinflation, or we suffer more severe belt-tightening.

I don't think US officials have the guts in a presidential election year to do the logical thing, but that's my opinion.  What's yours?  Got gold?

BY THE WAY, WHAT'S UP (OR DOWN) WITH COPPER TODAY?  It's down 33 percent and has been for hours now.  Something like this happened a few weeks ago but proved a short-lived phenomenon.  Two such rate instances with the same metal within weeks?  Is it war-related somehow?  Is there a threat of supply disruptions?  Dunno.