[ConservativeInPA]

Okay, morons. Two consecutive quarters of negative GDP, followed by one positive quarter GDP propped up by $1.92 Trillion in government spending. Another 75 basis point increase in interest rates with a 90% of another hike in December. Treasury yield curves inverted, including the 6mon/10yr earlier this week. A strong dollar against all major currencies which reduces US exports. Near all time low labor productivity. First time ever when both the stock market and bond market have losing years. Low supplies of diesel and home heating oil, with rationing of heating oil just before winter. Sales of new and existing homes down. Housing starts down. Manufacturing PMI down to 50.2. CPI at . 8.2%. Core CPI at 6.82%. Sticky-price CPI 8.5%. PPI at 8.5%. No evidence of recession or inflation. /s

[Night Hides Not]

I started work about a month ago at a large real estate firm, primarily multifamily properties. One of the bennies is that we receive daily info from their economists.

Today's blurb included comments from the Feds regarding their surprise over the strength of inflation factors. My thought was "how reassuring." lol, I wish the aliens in Mar Attacks were real, and could take out Congress.