Posted on 12/08/2021 9:30:10 AM PST by Browns Ultra Fan
As Parks and Recreation’s Martin Housely said, “Weird, wacky stuff.”
We now have the S&P 500 REAL earnings yield at -2.33%.
REAL US average hourly wage growth is at -1.43% and the REAL 30-year mortgage rate is at -3.11%.
The cause of this weird and wacky economic stuff? How about the surge in M1 Money and The Fed Balance Sheet?
I can almost see Fed Chair Jerome Powell imitating Martin Housely and saying “Weird, wacky stuff” in his testimony before Congress.
(Excerpt) Read more at confoundedinterest.net ...
I’ve said for years that the ball to keep your eye on is REAL interest rates (nominal less inflation rate, however measured). When its positive, money is “tight.” When its negative, as it usually is, the government is trying to flog the economy like an exhausted rented mule to make the current administration look better.
Also, since they’ve held real interest rates negative for most of the last generation, and borrowed like crazy, there’s the prospect of interest from the debt wrecking the budget if nominal interest rates are raised in an attempt to cool things off.
Weird whacky site that likes to cherry-pick. Look at the chart and look at what happened right after the last two times the chart showed the same bottoms.
The chart completely undermines the story.
The economy is roaring, by the way, this is a better chart:
Its been known for 1000 years that printed, fiat, centrally-controlled money always benefits those closest to its issuance ie) government and cronies closest to power
The rest of us get our labor/wages and savings stolen from us.
It was the great trick of 20th century Keynesians to make the Western world forget this, and trust the false wisdom of progressive central planners.
After looking at more of the “reports” I can see why this guy doesn’t put his name on this crud.
It’s all fun and games until some existential event *cough* Evergrande default *cough* comes along and topples the financial house of cards
“Its been known for 1000 years that printed, fiat, centrally-controlled money always benefits those closest to its issuance ie) government and cronies closest to power
The rest of us get our labor/wages and savings stolen from us.
It was the great trick of 20th century Keynesians to make the Western world forget this, and trust the false wisdom of progressive central planners.”
Blogs full of failure BS attract failure-oriented BS comments.
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