
r/GarysEconomics

Has anyone read this report that came out a few days ago? If so what are your thoughts?
US Ground Beef Prices Have Surged to Near $7/lb — Highest in Decades (FRED Data)
According to the latest Bureau of Labor Statistics data via FRED, the average price of ground chuck (100% beef) in US cities has continued climbing sharply.
This is one of the clearest examples of food inflation that Americans feel every week at the grocery store.
Curious to hear how much have meat prices changed in your area over the last few years?
Japan’s Bond Yields Are Exploding — 40-Year at 4.11%, Highest in Decades (Debt/GDP 236%)
Japanese government bond yields continue their sharp rise across the curve.
• 40Y → 4.11%
• 30Y → 3.85%
• 20Y → 3.49%
• 10Y → 2.58%
This is one of the most important macro developments right now. With Japan sitting at 236% debt-to-GDP, higher borrowing costs are becoming extremely expensive.
What do you think happens next — more BOJ intervention, yen weakness, or a real reckoning?