by Martin Armstrong, Armstrong Economics:
Our models do not indicate that food inflation will ease in 2025. In fact, I have repeatedly warned that people may want to stockpile food for the next two years as there will be weather events and supply chain shortages. Our model warns that we may see another severe drought, probably between 2025 to 2027, in both the US and Canada. The drought conditions are already beginning, and this is in line with our model, which warns it will expand into the 2025-2027 period.
Walmart CEO Doug McMillon announced last week that he expects persistent high prices at the grocery store. “I don’t know what the whole year is going to look like. I hope and I think it could be better as these commodities adjust — some of them,” he said per GroceryDrive. According to McMillon, he was “disappointed” at where food inflation was currently and cited that eggs and dairy were the main problems.
It’s the end of the line one way or another for Canadian Prime Minister Justin Trudeau. He won’t survive this.
Palantir and Shield AI are collaborating on a new effort to use Hivemind technology to allow drones and other uncrewed systems to autonomously detect and respond to threats without direct human control
