Commodities beginning to unwind as growth erodes… Liquidity slowing

*Commodities beginning to unwind as growth erodes

IMO this is why I’ve been short commodities – w/o China’s credit-driven property development sector, global growth + demand will fade

Not to mention global liquidity’s plunged YTD

But still – supply issues remain (must monitor) pic.twitter.com/mvh3MozxJg

— Adem Tumerkan (@RadicalAdem) November 8, 2021

#recession … #China $USD #Liquidity #Squeeze edition

Reverting to the pre-pandemic downtrend… 📉 t.co/qPoh9ZG5Ma

— Invariant Perspective (@InvariantPersp1) November 9, 2021

I bet the same time banks are floating with liquidity as blue line went too low so banks for sure won't lend to a group which belongs to blue line, so they prefer parking capital at the FED.

— GregTheAnalyst (@Analyst_G) November 9, 2021

#recession … #GFC2 China #Property #Bubble edition

The pandemic year of 2020 looks wonderful by comparison… #RealEstate #Housing #construction 📉 t.co/GAy3XuBMT3

— Invariant Perspective (@InvariantPersp1) November 9, 2021

Fed warns ailing China real estate sector poses risks to US economy.

And you know who messed in Chinese real estate sector? The same FED who now warns us about it.t.co/G2MliT5sm1

— GregTheAnalyst (@Analyst_G) November 9, 2021

Latest loan surveys by Major Central Banks (black line) confirm what we know (orange GLI index)…#liquidity slowing pic.twitter.com/BWyugF53dx

— CrossBorder Capital (@crossbordercap) November 8, 2021

At what point does “Peak Supply-Chain Drama” become consensus.

Baltic Dry Index: pic.twitter.com/EfnsFopPfA

— Carl Quintanilla (@carlquintanilla) November 9, 2021

Warning Signs of Recession in GDP and Especially its Components

While third-quarter GDP growth came in a little higher than the Atlanta Fed was predicting, it still came in below the consensus of economists, which averaged at 2.6%. The Bureau of Economic Analysis came out with 2.0%:

“Infrastructure Bill” Contains Only $110 Billion In Infrastructure, The Rest Is Pork Barrel Spending

The bill includes $110 billion in funding for roads, bridges and major projects, as well as $39 billion to modernize and make public transit more accessible to the disabled and elderly. Significant chunks of that money will go to major city transit systems, like New York City’s, based on federal funding formulas. (Taxpayers paying for something that even New Yorkers aren’t willing to pay for??)