Financial Friday: Taxes & Wars are as Transitory as Inflation

Brushwood Media Network · Jun 5, 2026 · 57m

FF: Taxes & Wars are as Transitory as Inflation While the CPI claims inflation is only 3.8%, steak is up over 17%, ground beef over 18%, and coffee up over 29%. The war with Iran, that was only supposed to last a couple of weeks, is still going on. We discuss some of the news relating to this conflict. We also talk about bonds in the U.S., the U.K., and Japan. Other news we cover includes what is going on with data centers in Ohio, where auto delinquencies and credit card debt stands, and how the prime minister in India has asked the citizens to stop buying gold. It doesn't matter if you make…