Posted on 05/16/2022 4:54:45 AM PDT by Browns Ultra Fan
Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession, saying it’s a “very, very high risk.”
I am not surprised. Take a look at The Fed’s Overnight Reverse Repo operations. As inflation surged in 2021 and 2022, banks are parking more funds at The Fed. Fear?
We are seeing the S&P 500 futures down today after a nice rally on Friday. The &P 500 forward 12-month P/E ratio is back to pre-Covid, pre Federal spending surge, pre Fed monetary Stimulypto of 2016.
Goldman Sachs see the 10-year Treasury yield rising to 3.3%. That bodes ill for 30-year mortgage rates, perhaps push mortgage rates up another 40 basis points to 5.80%.
And NASDAQ is having its worst year since 2008.
Its The Medusa Touch of Big Government.
(Excerpt) Read more at confoundedinterest.net ...
All according to plan...
Did the experts think that things would go on swimmingly while inflation was raging? Some people will make money in the short run but even their profits will be worth less. Oh well.
According to Art Laffer..for the fed to curb inflation, the interest rates have to be higher than the inflation rate.
P/E ratios have been ridiculous for 20 years.
#4 I suggest congress not spend the recent trillions.
Bidenflation and recession. The Dems can incite race wars all summer but it won’t help them in November. At this rate the only people working come November will be the ballot harvesters.
Quit spending has always been agreed to by every single person on this forum.
Take a look at the future predictions for the Ruble. Another disaster for the administration as well as those on this forum who predicted a ruble calamity. Well? Whats happened?
This administration sanctioned us.
The Russian financial people pegged the ruble towards the gold standard and are now working on tying their currency with the Chinese and maybe Indian currency-all long off but still...who got sanctioned in all this?
This pig faced asshole POTUS is to stupid to insult.
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