Posted on 11/01/2022 6:30:10 AM PDT by ConservativeInPA
US 30-year mortgage rates are above 7% as The Federal Reserve slowly withdraws its Covid-related monetary stimulus and attempt to combat near 40-year highs in inflation under Biden (aka, Bidenflation).
However, the US Treasury 10-year yield is down -12 basis points this morning.
And we have an important predictor of recession, the Treasury 10yr-3mo yield curve.
And if the Republicans win The House (and maybe the Senate) at the midterms, Biden can blame Republicans for the recession.
Joe Biden, Hunter and Biden’s brother James must be singing “Damn, it feels good to be a Biden!“
But the stock market keeps going UP UP UP, to the moon Alice!
Buy the dip!
So much manipulation by bug money. We are being played, and most just chuckle about it. Idiots.
*big money
“But the stock market keeps going UP UP UP”
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Some of this may be attributed to a perceived check on crazy Democrat policies (i.e., Republicans winning the House and/or Senate). This may prove to be an overly optimistic view. Republicans often squander their opportunities.
Fed has no clue what it is doing.
They pretty much throwing shat against the wall and hoping something eventually sticks.
EU is no better off either....
“Inflation came from nowhere”
https://twitter.com/wallstreetsilv/status/1586742825693192192
Thanks for posting these graphs.
The inverted yield curve is a pretty reliable leading indicator.
Sharply rising mortgage rates also portend challenging times ahead for real estate.
“Fed has no clue what it is doing.”
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That’s because its political and conflicted.
Buy the dip!
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Buy the plunge to maximize your potential upside gain.
GREAT charts! Showing the carnage caused by Biden and Demcrats.
Even the original "15 days to stop the spread" was a bunch of nonsense and did absolutely nothing beneficial.
“15 days to stop the spread”
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Quite possibly the biggest PR stunt of all time.
Stock market is the eventual sump for the vast majority of money printed. Where else can it go?
Gold? most of the gold held is fake on paper only, some of it is tungsten wrapped in gold.
Real estate? Have to pay tax on that every year
Bonds? You are going to loose money each time rates are increased.
I particularly liked “Damn it feels good to be a Biden.”
https://www.youtube.com/watch?v=hIoPlLEXM2Y
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