Or maybe we should all cry... luckily,we can blame it on Trump... can't we?Macron bails up Biden and asks him to increase oil production - very bizarre exchange.
Go to 1.30.
Our boy Biden looks completely confused and clueless and remains speechless until his handlers get him out there.....the most powerful man on earth.
Europe and UK inflation still looks pretty bad. US apparently is easing inflation worries, but that just looks like a recession in the making.
I still think it's just a grind out of excess cash. Unless, of course, I see government cash splashes. And so far, the language seems to be centred round a recession or "challenging times". So seems to be "prep" language.
Expect it to be that this is the beginning of a reset of markets. Excessive cash tide is flowing out.
Ark Invest’s Cathie Wood says the U.S. is already in a recession
“We think we are in a recession,” Wood said on CNBC’s “Squawk Box” Tuesday. “We think a big problem out there is inventories... the increase of which I’ve never seen this large in my career. I’ve been around for 45 years.”
The innovation-focused investor said inflation has turned out to be hotter than she had expected due to supply chain disruptions and geopolitical risks.
Inflation And Inventories Pose ‘Big Problem’
The money manager’s comments come a week after Elon Musk, whose Tesla is among one of Ark’s biggest holdings, called a recession in the U.S. “inevitable” and said a downturn would “more likely than not” occur in the near term, though he didn't offer a specific time line.
Seasonality.Europe and UK inflation still looks pretty bad. US apparently is easing inflation worries, but that just looks like a recession in the making.
I still think it's just a grind out of excess cash. Unless, of course, I see government cash splashes. And so far, the language seems to be centred round a recession or "challenging times". So seems to be "prep" language.
Expect it to be that this is the beginning of a reset of markets. Excessive cash tide is flowing out.
Chicken salt thanks.Seasonality.
S&P500 index already down over 23% from its high at the beginning of this calendar year.Expect it to be that this is the beginning of a reset of markets.
My thinking is that the media narrative cranking up signals this isn't anywhere near as far away as the market seems to be thinking.Feds will chicken out on tightening, and will QE again..one way or another
Economy can withstand tighter monetary poli:
- The aim is to have growth moderate
- There are pathways to go back to 2% inflation with strong labor market
- Events of last few months made our job more challenging
- Pathways have gotten narrower $USD $SPX $NDX
#Powell: There is a risk we would go too far, but it is not the biggest risk $SPX $NDX
ECB’s Lagarde: Need To Wait For Eurozone Inflation Data On Friday #ECB
#Bailey: When asked about 50 bps hikes says if we see greater persistence of inflation, we will have to act more forcefully $GBPUSD
A recession is one way to cut inflation, especially so if it gets the oil price down.Bed Bath & Beyond CEO ousted as sales collapse 27%
Bed Bath & Beyond CEO gets ousted after a brutal quarter.finance.yahoo.com
First Target, now Bed, bath & beyond! Retail is collapsing. 27% drop in sales is huge! If we aren't in a recession already, we'll be there soon.
Yep, markets deep into the red as a result. Also the end of the quarter/half so lots of red.From the ECB Forum:
Summary thanks to DailyFX team
This is the Volcker strategy modified for 2022. The major Western central banks are acting in unison. The strategy is to slam inflation at any cost, recession or not. All are in agreement that not controlling inflation will be more disastrous than excessive interest rate hikes.
Bed Bath & Beyond CEO ousted as sales collapse 27%
Bed Bath & Beyond CEO gets ousted after a brutal quarter.finance.yahoo.com
First Target, now Bed, bath & beyond! Retail is collapsing. 27% drop in sales is huge! If we aren't in a recession already, we'll be there soon.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?