Posted on 06/10/2022 8:49:35 AM PDT by Browns Ultra Fan
As I always teach my students, a 10 basis point increase (or decrease) in the 10-year Treasury is significant. Like today’s reaction to the hot, hot, hot inflation report.
At 11:26am EST, the US Treasury 10-year yield rose 10.1 basis points to 3.142%. But much of Europe is rising over 10 bps today as well.
Stocks? The NASDAQ index is down -3.30% on Fed tightening signals. The FTSE MIB (Italy) is down almost 5%.
Commodities? WTI Crude oil is down -2% today. At least GOLD and SILVER are up today. Falling oil prices and rising precious metal prices are a warning sign for global slowdown.
Let’s just hope that The Fed doesn’t overreact to inflation like they did with Covid stimulypto.
(Excerpt) Read more at confoundedinterest.net ...
31,497.95
▼ 810.17 (2.51%)
0852 PDT
No, we are not heading for stagflation, we are already in it. The real question is if we are in a Depression. I’m sure they are cooking the books as hard as possible to save Brandon, but the reality is not good at all.
The Fed needs to overreact. That is the problem. They were slow to respond and then only took small insignificant steps. Just like in the early 80s, we need to rip that bandaid off. They should go to a double digit inflation rate.
Oops.
Not inflation rate, but interest rate.
“Falling oil prices and rising precious metal prices are a warning sign for global slowdown.”
Oil is rising and gold has fallen.
Don’t Worry, Nothing to See Here. THEY will just change the economic Definitions to cover Biden’s Ass.
Call it DIAPER ECONOMICS !!! Covers your ass is often full of sh!t.
What could possibly go wrong? /is it necessary
🤦♀️🤦♂️🤷♀️🤷♂️
What makes it unlikely? If this quarter is negative it’s a recession. Is this quarter unlikely to be negative?
INVESTMENT ADVICE...Make your investment in
TAXES. Certain to move higher. Oh wait...
A Recession is when your neighbor loses his job. A Depression is when you lose yours. Eon 100
And a recovery is when Joe Biden loses his. Apologies to The Gipper.
A great malaise has fallen upon the nation, indeed, upon the whole world. And we are facing ever mounting levels of despair and ennui as time passes.
Cheer up, they told me. Things could be worse. So I cheered up, and sure enough, things got worse.
Freedom is just another word for nothing left to lose.
No, were heading for an Inflationary Depression.
Sort of like when you step in dog crap and keep saying, I smell dog crap ..does anyone else smell dog crap?
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