Federal Reserve is saying inflation is “transitory”, theyll be cutting $120 billion in MBS and bond purchases by $15 billion a month (e.g. tapering the taper) and raise interest rates….none of which is possible or true. It will all be inflationary. The Federal Reserve cant raise rates and it will print more inflation when it decides the economy is going into “recession”. We already have late 70s stagflation.
….and if Chinas housing market does explode they’ll quit buying U.S. bonds. So, theyll definetly be a massive supply of U.S. Treasuries, inflation, and MBS…
With China NOT buying and CREATING massive inflation to prop up its own..housing bubble.
Yeah. Massive inflation on the horizon. Wallstreet is as clueless as ever.
1. Stocks: all-time highs
2. Home prices: all-time highs
3. Bitcoin: all-time highs
4. Wages: all-time highs
5. Job openings: all-time highs
6. PCE Inflation: highest since 1990
7. Fed: we need to hold interest rates down at 0% for another year to boost asset prices and inflation
— Charlie Bilello (@charliebilello) October 20, 2021
— Invariant Perspective (@InvariantPersp1) October 20, 2021
The Atlanta Fed GDPnow growth estimate for the 3rd qtr is down to .5%. Bulls do not take this as a source of disappointment but hope for the coming qtrs based on delayed consumption/improving supply chain. Or so they hope/assume. pic.twitter.com/A1xOGfesuS
— Kate's Dad (@KASDad) October 20, 2021
Yesterday the Atlanta Fed slashed its #GDP growth forecast for Q3 down to .5%. A few months ago the forecast was above 7%. As growth slows to a crawl, consumer prices increases accelerate to a sprint. Yet the #Fed and the #Biden Admin. blame soaring #inflation on strong growth!
— Peter Schiff (@PeterSchiff) October 20, 2021
— Carey For Congress (@MikeCareyOH15) October 20, 2021