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The Surge in July 4th BBQ Costs Under Biden’s Administration

This July 4th, Americans are not only feeling the heat from the grill but also from their wallets. Inflation has driven the cost of hosting a traditional barbecue for ten people to $71.22, up from $59.50 in 2021, according to the American Farm Bureau Federation. Prices for essentials like burger meat, buns, and chips have all spiked.

Ground beef costs have surged to $12.77 for two pounds, driven by a record-low cattle inventory. Even pork chops and chicken prices have seen significant increases. Other staples like lemonade and ice cream have also become more expensive.

Despite some signs of economic cooling, inflation remains a challenge, making this year's Independence Day celebrations more costly than ever.

Read the full article to understand the impact of rising costs on our celebrations and what it means for the future. Read More.

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4 Alarming Predictions for Stocks and the Economy in the Second Half of 2024

In the second half of 2024, analysts predict that while stocks might continue to grow, the market's precarious reliance on a few major stocks and soaring valuations could lead to catastrophic declines. Economic growth, already slowed from 3.4% in Q4 2023 to a mere 1.4% in Q1 2024, is expected to cool further, with GDP forecasts at a bleak 2.4% for 2024 and an even gloomier 1.4% for 2025. This slowdown hints at a fragile "soft landing," teetering dangerously close to recession. Strategists urgently recommend diversifying investments into undervalued small-cap and value stocks to avoid impending risks. Additionally, while one or two Fed rate cuts are anticipated in September or December, their effectiveness hinges on the uncertain and volatile economic landscape. For more chilling insights, read the full article. Read More.