CHINA: Offshore #yuan weakens sharply… There is no “re-opening”… OCT Exports #slowed to 0.7% y/y in dollar terms from 5.7% growth in SEP

Offshore #yuan weakens sharply Monday morning…God bless Hang Seng… pic.twitter.com/d037XYOQIz — Cathy Yuan Zhang (@CathyYuanZhang) November 7, 2022 There is no "re-opening" in China this morning – those were 1-day trades China OCT Exports #slowed to 0.7% y/y in dollar …

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LAYOFFS ROSE 48% IN OCTOBER

LAYOFFS ROSE 48% IN OCTOBER — The_Real_Fly (@The_Real_Fly) November 7, 2022 As mass layoff announcements keep rolling in while the Fed keeps selling the public a lagging data based strong labor narrative it’s always worth remembering that the Fed will …

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EU wants to know the truth…

The house of cards is tumbling as Christine Anderson MEP talks to a full house about the criminal investigations underway. Von Ursula whose husband is linked to Pfizzer is under pressure to explain contracts valued at 71bn euro/10 doses per …

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When the Fed does pivot, there will be no leadership in the market. Putting it all together and the Fed will tighten until they break markets, and then everyone will be shocked at how quickly this house of cards explodes

by BoatSurfer600 8 months of housing supply in #LasVegas. pic.twitter.com/Ou2pQUmHu7 — Rick Palacios Jr. (@RickPalaciosJr) November 5, 2022 FED’S BRAINARD: THE CURRENT MACROECONOMIC ENVIRONMENT INCREASES THE LIKELIHOOD OF FINANCIAL SHOCKS. — FinancialJuice (@financialjuice) November 4, 2022

The Shortages Are Coming

by Michael Do you remember in early 2020 when they told us that the shortages that we were experiencing would just be temporary?  Of course some of them were, but then more shortages just kept on erupting.  That wasn’t supposed …

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