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Inflation? Yes, inflation! Yesterday I flew from San Francisco to Cody, Wyoming for the WMLA Conference, and indulged in a breakfast at SFO of a slice of banana bread and one of those yogurt/granola/berry cups, heavy on the plastic packaging. $14.30! Granted, airport chow is not the most cost-effective way to eat, but still… Jobs and housing drive our economy in the United States, and tomorrow we receive the monthly jobs data. What are they making out there? Serving up slices of banana bread, airport food service employees start at $14/hour. A UPS package-car driver starts at $21/hour, and a driver with four years on the job can make about $42/hour, with an average driver earning $95,000/year with benefits. Freddie Mac made more than that per hour in the first quarter, and its 10-Q showed a net income of $2.0 billion, a decrease of 47% year-over-year, primarily driven by lower net revenues and a credit reserve build in the current period compared to a credit reserve release in t
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