Disinflationary.
You can bring a horse to water but you can't make it drink.
Fed balance sheet soars, but M1 and M2 growth remain significantly below. pic.twitter.com/YjzeoW8ZU5
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
There was a big 6/19 June 80c buyer on the VIX yesterday. 1300 at 0.65.
— 🥓🥓Kim Jung’s Last Meal🥓🥓 (@CashMoneyCouch) May 5, 2020
The world is swimming in oil… and unsold cars.
New car registrations collapse adds to an already weak 2019 pic.twitter.com/b8oZBPtXe3
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
Investment collapse.
Composite capital expenditure plans are falling quickly as cash flow deteriorates. pic.twitter.com/LxMBvySrB5
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
2008 & 2020 keen reminders to never, ever, ignore macro
you can do years of good, diligent work and have it all taken away in the blink of an eye. $SPY $QQQ
— CÆTUS (@caetuscap) May 5, 2020