Unfortunately all the sane people in the west have to pay a Russia outrage tax similar to the Covid hysteria tax we paid.
— George Gammon (@GeorgeGammon) April 4, 2022
U.S. to announce more Russia sanctions this week, says Biden aide t.co/QIHJ1mVxx7
— MarketWatch (@MarketWatch) April 4, 2022
Why I'm worried about housing:
– 5%+ mortgages mathematically will pull prices down
– Recession ahead (per yield curve inversion)
– Lots of new inventory set to release in popular markets
– Rising costs of living
– Financial market correction riskA perfect storm may be brewing
— Adam Taggart (@menlobear) April 4, 2022
In case you wonder what the 2-yr suggests
More later this month, but some quick takes
a) Economic activity tends to weaken after 2/10 inverts
b) Curve tends to un-invert before recession – ISM, credit spreads, equities, job growth confirm
c) Risk-assets already face a trap door pic.twitter.com/9vdyP6anby— John P. Hussman, Ph.D. (@hussmanjp) April 4, 2022
The Highly Watched 2-10 Inversion Recession Indicator May Not Be the Best Signal
All eyes are on the 2-10 bond market inversion. What about the 3-30 instead?t.co/nItE7vX0Qz
— Mike "Mish" Shedlock (@MishGEA) April 4, 2022
Second wave of supply shortages… pic.twitter.com/6ClJX83Phk
— Callum Thomas (@Callum_Thomas) April 4, 2022
The latest warning sign for U.S. stocks is coming from transports, a corner of the market closely watched for a read on the economy and the health of American consumers t.co/w4ZbhMzV3T
— Bloomberg Markets (@markets) April 4, 2022
Jet fuel prices are soaring on the U.S. East Coast, home to some of the world's busiest airports, with buyers anticipating a worsening shortage as supply dwindles
Russian sanctions are causing cargos to be reduced, increasing competition for limited jet fuel supply. pic.twitter.com/HTllSwsqaO
— Wall Street Silver (@WallStreetSilv) April 4, 2022
🇪🇺 (Reuters) – The European Central Bank should continue to curb stimulus to stop inflation expectations from drifting above the bank's target, Dutch central bank chief Klaas Knot said on Monday. pic.twitter.com/wSNuN6dYsC
— PiQ (@PriapusIQ) April 4, 2022
The global canary in the coal mine pic.twitter.com/s24ywkf0ck
— AndreasStenoLarsen (@AndreasSteno) April 4, 2022
A brief word on “the economy is strong” crowd.
The U.S. economy is 68% consumption.
Real (inflation-adjusted) disposable income has sunk off trend & savings as % of disposable income below pre-pandemic levels.
How exactly does that equate to “strong”?@Quillintel @SoberLook pic.twitter.com/mWRTFje5YQ
— Danielle DiMartino Booth (@DiMartinoBooth) April 4, 2022
Goldman warns the dollar could meet the same fate as the British pound when it lost its global reserve status… pic.twitter.com/5SQx0ghu2d
— Wall Street Silver (@WallStreetSilv) April 4, 2022
This mfer is really trying to start WWIII pic.twitter.com/Dx7fjL6slF
— Art TakingBack 🇺🇸 (@ArtValley818_) April 4, 2022