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Blue Monday Or Stagflation? Commodities Signal Stagflation (WTI Crude DOWN 2.72%, Iron Ore DOWN 5%, S&P 500 Futures DOWN 1.7%, 10Y Treasury Yields Rise To 3.20% Then Sink
Confounded Interest ^ | 05/09/2022 | Anthony B. Sanders

Posted on 05/09/2022 5:53:14 AM PDT by Browns Ultra Fan

As the US is engulfed in inflation while The Federal Reserve is engaged in trying to fight inflation (well, sort of), we are seeing markets taking a shellacking, particularly commodities.

One indicator of a slowdown is declining commodity prices. Crude oil futures are down around -2.5%. Iron Ore is down -5% and steel rebar is down -3.21%.

Inflation numbers are due out Wednesday and are forecast to be 8.1% YoY (based on headline CPI). But combined with a slowing global economy, we get the dreaded “STAGFLATION.”

Meanwhile, the S&P 500 index futures are down around 1.726% for Monday open. Asian markets already got clobbered with the Hang Seng down almost -4%.

On the bond side, the 10Y Treasury Note yield rose to 3.20% early in the morning, but has retreated to 3.1447% as of 8:40am EST.

Both stock and bond market volatility measures are increasing.

So, is it a Blue Monday effect? Or global stagflation?

Time for supplemental income under the Biden Administration.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government
KEYWORDS: biden; blogpimp; fed; inflation; stagnation
Biden is killing us with self-inflicted economic and social cuts.
1 posted on 05/09/2022 5:53:14 AM PDT by Browns Ultra Fan
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To: Browns Ultra Fan

Congress and Xiden are destroying this country
and its people.

America is the proverbial frog in near-boiling water.


2 posted on 05/09/2022 5:58:57 AM PDT by Diogenesis (Si vis pacem, para bellum)
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To: Browns Ultra Fan

The people running this country are “wrong” too often for it to be stupidity or accidental. Our political class is trying to destroy us and they are doing a fine job of it.


3 posted on 05/09/2022 6:00:25 AM PDT by ClearCase_guy (It's hard to "Believe all women" when judges say "I don't know what a woman is".)
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To: Browns Ultra Fan

Crashing commodities are usually helpful on inflation.


4 posted on 05/09/2022 6:06:52 AM PDT by babble-on
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To: Browns Ultra Fan
Time for supplemental income under the Biden Administration.

I think we've already sent out too many free checks which created serious bad economic effects and fraud.

5 posted on 05/09/2022 6:10:00 AM PDT by 1Old Pro
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To: 1Old Pro

Money for nothing, chicks for free, and the war on energy. Way to go, Brandon!


6 posted on 05/09/2022 6:18:57 AM PDT by The_Media_never_lie ( "The media is the enemy of the American people." Democrat Pat Caddell.)
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To: 1Old Pro

I spoke with my brother last week regarding the foreclosures starting to show up here in NH. My brother has been with Fannie Mae for 30 years. He stated that the foreclosures are the people that most likely did not make a payment during federal covid relief for 12-18 months. That in some states it takes close to 2 years before the house is actually listed by the mortgage holder.

Credit unions and smaller banks that held the mortgage in house may not have the restrictions that Fannie Mae and Freddie Mac have because they are federally backed institutions. Also, many of these mortgages may actually end up being short sales because the value of the property has increased 25-40% in the last couple years.


7 posted on 05/09/2022 6:19:53 AM PDT by woodbutcher1963
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To: Browns Ultra Fan

Your economic posts are very good. It’s nice to be able to see the overall picture at a glance. Thanks.


8 posted on 05/09/2022 6:25:56 AM PDT by Leaning Right (The steal is real.)
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To: Browns Ultra Fan

Read UN Agenda 2021/2030 or what ever they call it now and you will see the plan to destroy America and to kill off 85% of world population. It is all part of the plan.


9 posted on 05/09/2022 6:32:26 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: Browns Ultra Fan

Funny how the economy contracts when you purposefully choke out the productive class of a nation.


10 posted on 05/09/2022 6:47:31 AM PDT by WMarshal (Neocons and leftists are the same species of vicious rat.)
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To: Browns Ultra Fan

C’mon, Lumber! Drop, drop, drop!


11 posted on 05/09/2022 8:18:34 AM PDT by griswold3 (When chaos serves the State, the State will encourage chaos.)
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To: Browns Ultra Fan

But you get FREE internet!


12 posted on 05/09/2022 11:23:07 AM PDT by minnesota_bound (Need more money to buy everything now)
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To: ClearCase_guy
The people running this country are “wrong” too often for it to be stupidity or accidental. <<<

Duh!....the people that actually run this country aren't “wrong”..they are right on schedule to make sure we are part of the new “reset” where all countries are “equal” and the leaders of those countries are equally in charge of their peasants .....its the only way a 1 world government can work...

13 posted on 05/09/2022 6:32:19 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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