Sign Of The Times? Citi Economic Surprise Index Falls To -17.70 As US CDS (Default Insurance) And Fed Reverse Repos Remain Elevated

Confounded Interest ^ | 01/20/2023 | Anthony B. Sanders

[Kaiser8408a]

Its a sign of the times!

First, US default risk as measured by credit default swaps remains elevated (primarily because Biden and Democrats refused to cut wasteful spending or reign in non-retirees on Social Security). And NY Fed’s Reverse Repos remain elevated.

And then we have Citi’s economic surprise index for the US at -17 as The Fed slows money growth to 0%.

I wish I knew a place where inflation and insane Federal government spending and policies doesn’t exist.

Joe Biden was in California and had a secret meeting with Nancy Pelosi’s nephew Gavin Newsome. Is Joe replacing Kamala Harris with Newsome?

[Kaiser8408a]

Biden and Dems WON'T cut wasteful spending and the media will blame Republicans.

[webheart]

YoY!

[Aevery_Freeman]

All the technical jargon to hide the fact that it is all just a casino for the wealthy and powerful.

That's no way to run an economy.

Put us back on specie (gold/silver) like when I was a kid!