https://twitter.com/MFHoz/status/1425857497202634758
https://twitter.com/NorthmanTrader/status/1425857929106890754
The last time an existing home cost more than a new home was at the peak of the housing bubble. We are there now.
Absolutely everything is in a bubble pic.twitter.com/PIjB6ATbPl
— zerohedge (@zerohedge) August 12, 2021
I don't think we are going into a Weimar-style hyper- inflation. But look how long it took for Germany's stimulus to push prices up. It took from 1918 till 1923 before the problem was truly apparent. By the time you realize it's not transitory, it's too late. pic.twitter.com/FNX1A6wVEs
— Pippa Malmgren (@DrPippaM) August 11, 2021
Man, July PPI at 7.8%.
Crushes consensus estimate of 7.2%. pic.twitter.com/8A9TXeszeO
— Brian Chappatta (@BChappatta) August 12, 2021
How soon is "transitory"?
Another week, another all time high in global container shipping rates pic.twitter.com/dixopuuX0z
— zerohedge (@zerohedge) August 12, 2021
The forex is saying: deflationary pressures
The market says: higher inflationary pressures
Meaning = the slowdown of the real economy is accelerating but the inflation is not transitory pic.twitter.com/S5ZGrUGQT4
— Alessio (@AlessioTMAD) August 12, 2021
Would Democrats care about inflation if mask prices went up?
— Rep. Jim Jordan (@Jim_Jordan) August 12, 2021
The Fed Just Published 36 Years of Its Money Data. Shows a Spike in Repo Loans Is an Early Warning
On July 29 the Federal Reserve released its Annual Report for 2020. The Appendix contains 13 statistical tables that would make most folks’ eyes glaze over.