Inflation Creating Cracks in the G7

by Martin Armstrong Phone conversations with sources are revealing that inflation is starting to create cracks in the unity of the G7 against Russia for the summit of G7 nations in Bavaria (June 26-28). Already, the leaders of the US, UK, Germany, France, …

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Inflation topping out is just means demand destruction and recession. The market will realize this soon. Waterfall sell-off follows when inflation tops.

https://twitter.com/MFHoz/status/1541044011036807168 One of the best contrarian indicator out there – Goldman Sachs. Trying to create bagholders to buy their junk per usual. — Minsky Moment (@BP_Rising) June 25, 2022 https://twitter.com/leadlagreport/status/1541124181370232832 A recession is coming, you can bank on it The …

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Alarm! Fed’s Bullard Says US Recession Fears Overblown With Consumers Healthy (My Response In One Chart: REAL Average Wage Growth At -3.34% YoY, Real GDP Growth At … 0%)

by confoundedinterest17 Alarm! No problemo, says James “Bully” Bullard, President of the St Louis Federal Reserve. Bullard said that US recession fears are overblown with consumers “healthy.” Really Jim? Inflation is so bad they REAL average hourly earnings growth keeps falling …

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