'Skimpflation'

What You Need To Know

Today’s posts that caught my eye:

1. Not sure I’ve ever seen a sentence like this one from the FT piece revealing new information about China’s hypersonic weapon test in July: “Experts at Darpa, the Pentagon’s advanced research agency, remain unsure how China overcame the constraints of physics by firing countermeasures from a vehicle traveling at hypersonic speeds.”

2. “A growing share of childless adults in U.S. don’t expect to ever have children: 44% of non-parents ages 18 to 49 say it is not too or not at all likely that they will have children someday, an increase of 7 percentage points from the 37% who said the same in a 2018 survey,” reports Pew Research Center.

3. Companies are finding new ways to deal with inflation: Instead of charging us more for the same amount of product, they’re charging the same for less. It’s call “skimpflation.” Of course, that doesn’t mean inflation is gone: Gas reached $6 a gallon in some parts of California.