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Real wages are falling, inflation is at a forty-year high, and the Atlanta Fed predicts we'll find GDP (gross domestic product) growth at zero for the second quarter. Meanwhile, both the yield curve and money supply growth point to recession.
Putting this all together, it's clear that the source of the current housing bubble is the explosion of financial speculation fueled by central bank policies.
83% Of Americans Cut Back On Spending As Economy Careens Towards Crisis , Poll FindsJun 29, 2022 - 12:06:47 PDT
Even more shocking is how a very underreported tidal wave of evictions could be imminent as millions of Americans can't pay rent.
The Fed is unlikely to become more hawkish than it is today. The question is, when do they start to pivot to a less hawkish policy. At that time, the slope of the red channel is likely to flatten, and a bottoming process can begin.
While analysts remain optimistic about earnings growth into 2023, the Fed rate hiking campaign could lead to an earnings recession.
Home Prices Disconnect From Rent and OER...
Jun 29, 2022 - 10:49:47 PDT
Ukraine insane, inflation, wokeism, endless money printing: bestselling author Richard Maybury joins today's Liberty Report to discuss how the enemies of liberty have used the public school system to advance their agenda...and how liberty can make a comeback.
Jun 29, 2022 - 08:49:20 PDT
The Fed is facing one of the worst predicaments of its existence as it continues to raise interest rates into an economic downturn. The problem is that sooner rather than later it will be forced to relent and inject liquidity into an already inflationary environment.
But if it’s “perhaps even probable” that “the world system shatters”, perhaps markets should start thinking about what it implies for rates and FX? That thinking is currently served up in such small portions.
Jun 29, 2022 - 08:06:51 PDT
The West NEEDS war because the entire financial system is collapsing. All the pensions promised have been wiped out in Europe thanks to NEGATIVE interest rates since 2014. More background here. https://childrenshealthdefense.org/defender/leaders-war-game-exercise-global-financial-collapse/
Jun 29, 2022 - 07:47:03 PDT
President Joe Biden on Wednesday pledged to boost American military operations in Europe as he seeks to project a picture of strength and unity among NATO members while they grapple with Russia's invasion of Ukraine.
In April 1980, the differential peaked at 5.7%, in the midst of a double-dip recession. And in July 2008, the gap between headline CPI and Core PCE peaked at 3.3%, just as the Global Financial Crisis was about to reach a dramatic crescendo.
‘They’ll Chicken Out’: Rick Rule Says the Fed Won’t Keep Hiking Rates To Prevent ‘Amazing Damage’Jun 29, 2022 - 06:57:32 PDT
“I think we'll continue to see prices going up for most of the remainder of the decade,”...To preserve your purchasing power, Rule points to gold and silver, which can’t be printed out of thin air like fiat money. “I think that an investor who does not have some of his or her wealth in precious metals or precious metals equities are making an extraordinary mistake,” he cautions.
Global Central Bankers: Watch Powell, Lagarde, And Bailey Live From ECB Forum at 6-29-22, 9 a.m. ETJun 29, 2022 - 06:14:59 PDT
Recession fears are growing along with concerns about inflation. Multiple indicators are showing that the U.S. economy is slowing after growth declined 1.5% in the first quarter. Powell and his counterparts have said they believe they can get inflation under control without sending the economy into recession.
There is a danger of the classic ‘stop-go’ trap that haunted many western central banks in the 1970s and 1980s
The third look at Q1 GDP appears to confirm the worsening picture of the US economy that is now evident in sentiment surveys nationwide. Growth was revised even lower to -1.6% Annualized QoQ (from -1.5%)...
"While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected," according to a report released Tuesday.
BOJ’s Kuroda Vows To Keep Easy Policy As Japan Less Affected by Global InflationJun 29, 2022 - 05:44:53 PDT
The Bank of Japan will maintain its ultra-loose monetary policy as the economy has not been affected much by the global inflationary trend, Governor Haruhiko Kuroda said, stressing the country's 15-year experience with deflation is keeping wage growth subdued.
ECB ‘should have taken inflation seriously sooner,’ Praet says Peter Praet was member of ECB Executive board 2011-2019
Spanish inflation unexpectedly surged to a record, defying government efforts to rein it in and signaling intensifying price pressure as the European Central Bank gears up to raise interest rates for the first time in more than a decade.