Every major market imploding risk of the past decade is now concentrated into this month: Debt ceiling debacle 2.0 ChinaPlosion 2.0, and Taper 2.0.
Bulls are fat and happy. pic.twitter.com/QXo3LzrkIP
— Mac10 (@SuburbanDrone) October 3, 2021
China PMI export orders are at their lows. Is global demand faltering? Not all due to supply chain disruptions and where China goes the rest of the world follows. #China #Recession pic.twitter.com/cJ7bl3oBYZ
— PPG (@PPGMacro) September 30, 2021
On this chart, COVID appears as no more significant than 2010 Flash crash, 2011 debt downgrade, 2015 ChinaPlosion, or 2018 Tax crash.
Historians will say we had achieved the perfect virtual economy, and then it exploded unexpectedly.
No economist/fool saw it coming. pic.twitter.com/iSLumlApjO
— Mac10 (@SuburbanDrone) October 3, 2021
IF you want to survive next 2 years, you need to learn about 70s stagflation.
This time more difficult because
1- Current Debt is not comparable to 70s
2- Rates already 0 and FED policies, if continued, will worsen stagflationRadical steps needed or there will be a revolution
— xTrends (@xtrends) October 3, 2021
BofA warns oil could hit $100 this winter and spur crisis
The worldwide energy crunch could push oil prices above $100 a barrel for the first time in years and trigger a global economic crisis, Bank of America warned on Friday.
“[O]il prices could spike and lead to a second round of inflationary pressures around the world,” analysts including Francisco Blanch wrote in a note. “Put differently, we may just be one storm away from the next macro hurricane.”
US #shale drillers cannot contain oil price rise, Pioneer boss sayst.co/4z0W4YUYZw ht BAC #oott #oil #chemicals #energy #shalegas #water #shaleoil #oilprice #investor #privateequity #ESG #carbontax #renewableenergy #crudeoil $xom $cvx $xle t.co/aZaihFsjuM pic.twitter.com/gy2AdKGYl7
— Mo Hossain (@MoHossain) October 4, 2021
Some traders are betting on a supply chain crisis which will push the price of the crude toward the 200$ @Theimmigrant84 @coloradotravis pic.twitter.com/pen8bxdEtF
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 3, 2021
IT’S STILL TRANSITORY THO pic.twitter.com/YQItBbL6QF
— litquidity (@litcapital) October 4, 2021
The British army is on standby due to persistent panic buying at the gas pumps in the UK. Prices at the pump have now reached an 8-year high. #fuel #oilandgas #panicbuying pic.twitter.com/JANmZ8N3Qq
— Michael A. Gayed, CFA (@leadlagreport) October 4, 2021
Everybody: Inflation is going to be a much bigger problem than expected.
Fed: pic.twitter.com/p0uHN3ss12
— Sven Henrich (@NorthmanTrader) October 3, 2021
"The nature of inflation and the market is starting to realize its not as transitory as we thought. This notion of transitory for longer is starting to creep in even though it makes no analytical sense ," says @elerianm on market headwinds. pic.twitter.com/63pCiq1eua
— Squawk Box (@SquawkCNBC) October 4, 2021
Coming Up Today:@JoeBiden daily presidential job approval % is – now at a new record low.
– Majority Oppose $3.5 Trillion Spending Bill
– Majority Against Raising Debt Ceiling
– Majority Now Believe Pandemic A Trojan Horse For Permanent Socialism pic.twitter.com/XB2r7zFGQF— Rasmussen Reports (@Rasmussen_Poll) September 27, 2021
Government’s Big Mess: Debt Ceiling, Gridlock, Taper & Taxes
They say there’s no bad situation that the government can’t make even worse.And that certainly seems to be the case right now. The government’s extreme intervention has resulted in an economic & financial system now dependent upon ever more stimulus. But suddenly, there are a number of government-created curveballs…
‘A Perfect Storm’: A Stagflationary Wind Could Blow World Economy off Course
All the problems are in one way or another tangled up in the surge of post-pandemic consumer demand, but taken together they threaten what one leading economist calls a “stagflationary wind” that could blow the global economy off course.
Mortgage Rates Spike Above 3% and Make Refinancing More Urgent for Homeowners
Experts say the end of historically low refinance rates could be near.
Food stamps just got boosted by a record 30%
A huge change has come to the federal Supplemental Nutrition Assistance Program, or SNAP.
Kiyosaki: ‘Biggest Crash in World History’ Hits in October
“HOUSE of CARDs coming down. Real estate crashing with stock market,” Kiyosaki tweeted last week. “China’s Evergrande Group cannot pay. Valuation of properties fake. Will real estate crash spread to US? Yes.”