Everything-is-awesome attitude won’t last long much longer. Stagflation is here. This round of QE won’t be like the last 4. The economy has never been
Elizabeth Warren blames covid and corporations for problems caused by Congress. Bond market thinks the recession will cure inflation; it won’t. Congressional staffers get a
Record highs coming for oil. Dollar rallies into its last hurrah. Don’t throw stones when you live in a glass White House. Consumers wrongfully expecting
US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses;
Elon Musk needs a rocket ship to find Tesla’s PE. Bakkt Holdings rises on crypto partnership with MasterCard. Jack Dorsey warns of imminent hyperinflation. Stanley
Netflix and Tesla stocks make all time highs. Trump SPAC makes a splash. Investors buying WeWork SPAC are putting lipstick on a pig. Gold price
Bonds are never a safe haven against inflation. Consumers can’t afford to buy houses for what it costs builders to construct them. Zillow bails on
Markets turn risk on. Producer prices rise to levels not seen since peak inflation of the 1970s. Inflation is double the Fed’s benchmark now and
Jobs numbers come in lower than anyone expected. Investors aren’t buying gold as an inflation hedge because they don’t think there is any real inflation
Political theater plays out over the debt ceiling. US was biggest gainer from low interest rates, but will be biggest losers when rates are high.
