Inflation showed potential signs of peaking as yesterday's figures dipped to "only" 8.5% in July after soaring to 9.1% in June. That is still very high and with the volatility in energy/oil markets, it may be premature to think rising inflation is over. Which means, the FED should continue raising rates, especially as the labor market remains super-strong and most corporate earnings are solid. (PS: If rents were to rise at 8.5% annually, a $3,000/month rent today could be $6,782/month ten years from now....)
About 500-600 feet a day of electrical cable is being buried in California to reduce the risk of sparking wildfires. Transformers, encased in an 8-tonne concrete vault, are also being completely buried, one every 800 feet. The process reduces the risk of ignition by about 99%. By September, barring any “unforeseen circumstances”, PG&E aims to have buried 175 miles of electrical cable, at a cost of $3.6 million per mile. It hopes to reduce that cost by 2026 to $2.5 million — with the capability to bury 1,200 miles per year by then, on its way to its ultimate target of 10,000 buried miles. About 85% of wildfires are caused by humans. (FT)
Junipers are extensively used as hedging plants, but are not an appropriate choice for fire-resistant landscapes. Leyland cypress, Italian cypress, rosemary, arborvitae, eucalyptus, and some ornamental grasses provide ample fuel for fast-spreading flames.
CiT-flation.....yes, different cities have different levels of inflation. I have always felt New York City had higher inflation than other parts of the country, but these days that has shifted:  Most US cities saw a break last month from relentless price increases, as cheaper gasoline helped slow inflation. However cities such as Tampa, Florida, metropolitan area had double-digit inflation -- up 11.2%, little changed from the 11.3% high in May. Several cities saw declines of at least a half percentage point, including San Diego, where inflation cooled to 7.3% on a year-over-year basis from 8.3% two months earlier. (Bloomberg)
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