Argentina’s Economy Collapses

by Martin Armstrong Argentina’s economy has collapsed. Around 57% of adults in the nation are currently unemployed. The Socialist nation has programs in place to compensate, costing the country around $6 million daily. However, socialism no longer works when you run …

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When the #Fed uses the Fed Funds Rate to tighten, they put the strain on Main Street. When they use the balance sheet, they put the strain on Wall Street. Guess which one they have been using?

So true David! The real tightening hasn't even begun: https://t.co/Pz753Ei7YJ — Caleb Franzen (@CalebFranzen) July 29, 2022 Fed Fund Rate: Jan 22 = 0.25%Mar +25bps = 0.5%May +50bps = 1.0%Jun +75bps = 1.75%Jul +75bps = 2.5% Expect 3.50% by end-22 …

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This was the fastest and biggest bear market rally since January 2022. Maximum overbought. The market is ready for a big rug pull.

https://twitter.com/MFHoz/status/1553365879211048960 https://twitter.com/WallStreetSilv/status/1553342141413306368 https://twitter.com/WallStreetSilv/status/1553183657061392384 "Analytically indefensible" and "inexplicable" is how former Treasury Secretary @LHSummers describes #Fed Chair Powell's unscripted remark on the neutral rateI suspect most economists were very puzzled by Powell's remark, including me (this from Wednesdayhttps://t.co/SE6kcgfmMg pic.twitter.com/5GMqYyr9Je — Mohamed …

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She is now en route to Asia. Tail is SPAR19. PELOSI’S plane has left the US mainland after a short stop at the Travis Base, & just arrived at a cruise alt of 32,000 ft.

https://twitter.com/VSoien/status/1553336379958067200 Something to Watch .. https://t.co/Ij6qb62HZY — Willem Middelkoop (@wmiddelkoop) July 30, 2022 https://twitter.com/ZaidZamanHamid/status/1553325822634860544 ⚡️The plane with Nancy Pelosi took off from Andrews Air Force Base. The speaker plans to visit the island of Taiwan. To protect her, the US …

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Consumer Sentiment Remains Very Depressed (University of Michigan Sentiment Index Rises Slightly To A Depressed 51.5 While Buying Conditions For Housing Rose Slightly To A Depressed 47.0)

by confoundedinterest17 “A recession is two quarters in a row of negative growth.” — President Clinton, Dec. 19, 2000 My former colleague at Deutsche Bank, Joe Carson, said recently that the US economy is not in a recession, but corporate profits are …

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El-Erian: Will the Fed pivot or not?

Bloomberg, Released on 7/29/22 Mohamed El-Erian, a Bloomberg Opinion contributor, says the “zip code” for the Federal Reserve to achieve its so-called neutral rate will be higher than this week’s 75-basis-point interest-rate increase achieved. “My own instinct is that the …

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On The Modern Obsession With “Optics”

by Chris Black You know who had great optics? Ronald Reagan. And Reagan could not be elected in today’s increasingly post-television media environment. Reagan was popular because he was great and likable on TV, but his actual policies polled poorly …

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