Commodities are ripping, causing fears of an incoming global recession. @mikemcglone11, Senior Commodity Strategist at @business is joining to discuss.
And… one of my favorites, @TrueCrypto28 will join to discuss Bitcoin and charts.
10 AM EST.https://t.co/7bqY0e2VGr
— The Wolf Of All Streets (@scottmelker) March 7, 2022
'Analyst estimates on corporate profits have globally turned negative for the first time since September 2020. Removing this support at a time when liquidity is being sucked out by central banks could leave some indices "floating on air."' https://t.co/LS3gXTpZvn pic.twitter.com/TnhlZ9eWUe
— Jesse Felder (@jessefelder) March 7, 2022
Confluence of liquidity drains
Evergrande et al = Global dollar shortage
Once in 90 year dislocation w/Russia + SWIFT
Mortgage forbearance/eviction ban end Oct 2021
Child tax credit payments end Dec 2021
Decay-inflation pulling liquidity into commodities
QE 120b/mo->0
— IDKFA (@IDKFA3) March 7, 2022
China unveiled a growth target of about 5.5%, its lowest in thirty years. The new target reflects lower 2022 expectations in consumption and higher cost of imports
— Daniel Lacalle (@dlacalle_IA) March 7, 2022
https://twitter.com/zerohedge/status/1500852391654174720
The Treasury yield curve is used for a number of insights on the financial market. Investors' favorite 2-10 spread is nearing traditional recession risk (inversion). Economists' favorite 3mth-10yr though is far different: pic.twitter.com/OL3QTFz5NL
— John Kicklighter (@JohnKicklighter) March 7, 2022
Nasdaq Q's weekly pic.twitter.com/OocnzOylYH
— Farris BABA (@farrisbaba) March 7, 2022