Category Archives: #inflation

Doomberg on Powell

While far from being a fan of Jerry “The Put” Powell, Dormberg does a great job highlighting the banana republic in which we live. https://doomberg.substack.com/p/jerome-powell-is-finished The elephant in the room is whether you’re going to be renominated. Renominating you means gambling that, for the next five years, a Republican majority at the Federal Reserve, with a Republican chair who has regularlyContinue reading “Doomberg on Powell”

Yikes! Inflation Nation!!!

Energy and Transportation costs lead the way The index for final demand services rose 1.1 percent in July, the largest one-month increase since data were first calculated in December 2009.   Final demand goods up 0.6 percent in July following a 1.2-percent jump in June. Nearly half of the broad-based advance in July is attributable toContinue reading “Yikes! Inflation Nation!!!”

Peak Red Ponzi?

If so, now what? If there is a “one and only one” place to go to understand macro-markets, it is Jeffrey Snider of Alhambra Investments. Jeffrey’s EuroUniversity series should be a masters program for anyone in or into the markets. Read each post several times to lock it in. Jeffrey’s pitch today – the RedContinue reading “Peak Red Ponzi?”

Discounting the Future

Steve Goldstein on living in the moment – literally: https://www.marketwatch.com/story/interest-rates-havent-been-this-low-in-5-000-years-11627644496?mod=home-page Interest rates haven’t been this low in 5,000 years How is this for a historical comparison — interest rates are at a 5,000-year low. That’s a finding in the latest Bank of America flow show report, which, in fairness, is a number that’s been trottedContinue reading “Discounting the Future”

Reverse Repo Madness

Is this the work of a serious artist? And here’s Tyler showing you what’s ahead: https://www.zerohedge.com/markets/25-trillion-reverse-repo-year-end RRP volume is quickly approaching $1 trillion a day, with today’s reverse repo usage hitting the second highest on record at $987.3 billion and just shy of $1 trillion. And with QE still running at $120 billion a month,Continue reading “Reverse Repo Madness”

America Has Lost the Trade War with China, and the Real Pain Has Yet to Begin

Charles Hugh Smith: https://charleshughsmith.blogspot.com/2021/07/america-has-lost-trade-war-with-china.html Corporate America sacrificed national interests in service of greed, and so did the U.S. government. As we all know, the source of Corporate America’s unprecedented explosion in profits in the 21st century is the offshoring of manufacturing to China. If you doubt this, please study the chart below of corporate profits. ApologistsContinue reading “America Has Lost the Trade War with China, and the Real Pain Has Yet to Begin”

If it’s somethin’ weird an’ it don’t look good

If there’s somethin’ strange in your neighborhoodWho ya gonna call?(Ghostbusters!)If it’s somethin’ weird an’ it don’t look goodWho ya gonna call?(Ghostbusters!) With the “Federales” talking up more lockdowns, their Ministry of Truth expanding and formalizing their diktats to their all-too-enthusiastic oligarchical cronies, and the casino face-planting while inflation steps up, it makes you wonder: howContinue reading “If it’s somethin’ weird an’ it don’t look good”

Bankrupt State – Spiking Inflation

History teaches that oligarchies and their statist allies (“public-private partnerships”) suck the life out of a nation and its economy as soon as they get a bite on sufficient power. Yet, a lot of people support this dynamic – PPPs. Govetnment “investment” in “the future.” I suspect they hope to get a taste for themselvesContinue reading “Bankrupt State – Spiking Inflation”

Banana Republic – Literally

The Personal Current Transfer Receipts (PCTR) report summarizes government social benefits and net current transfer receipts from business (unemployment). Simply put, it’s government welfare. And that welfare is behind the record surge in personal income in March when China Joe, the Sock Puppet “president,” distributed $1.9 trillion in “stimulus checks”. March PCTR payments ballooned toContinue reading “Banana Republic – Literally”