Consumer Pessimism Grows as Inflation Accelerates…Job-seeking and recruiting at Google ⁩ search activity suggesting weaker jobs report for January

Consumer perception of current economic conditions in December was almost even with April 2020 levels, when sentiment bottomed out following the first major restrictions to control the coronavirus pandemic. While Americans’ feelings about their personal finances slid through much of …

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Turkish Lira Freefall Accelerates Despite Central Bank Intervention (Turkey’s 10Y Yield At 21.50%, Very Venezuela-Like With Inflation At 21.31%)

by confoundedinterest17 Turkey (the nation, not the bird) is now the Venezuela of Europe/Middle East, where insane government policies are destroying both nations. (Dow Jones) — Turkey’s central bank intervened to arrest the plunge in the country’s currency, which lost as much …

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10Y Yields Plunge Below 1.50% As Record Short Squeeze Accelerates (Treasuries Resume Bull-Flattening Trend Ahead of 10-Year Auction)

by confoundedinterest17 (Bloomberg) — The dollar slipped and benchmark Treasury yields slipped to a one-month low as investors braced for Thursday’s U.S. inflation report that may give clues on the direction of monetary policy. The greenback weakened against all of its nine developed-world …

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Home Price Growth Accelerates To 11.2% YoY As Fed Throws Gas On The Housing Bubble (Lumber Prices Have Over TRIPLED In 1 Year)

by confoundedinterest17 S&P/Case-Shiller released the monthly Home Price Indices for January (“January” is a 3 month average of November, December and January prices). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an 11.2% annual …

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International High Yield Sounds Warning As Fed’s QE Unwind Accelerates Sharply

EXPLAIN MONETARY POLICY TO A CHILD https://twitter.com/OccupyWisdom/status/993609657024475136 Fed balance sheet pic.twitter.com/lJopxYhyny — zerohedge (@zerohedge) May 7, 2018 International High Yield sounds warning… pic.twitter.com/WhujksVRpA — Alastair (@StockBoardAsset) May 6, 2018 pic.twitter.com/x2mTLIazwa — Alastair (@StockBoardAsset) May 7, 2018 https://twitter.com/OccupyWisdom/status/993592674199490562 https://twitter.com/GregMannarino/status/993523547313094656 https://twitter.com/GregMannarino/status/993523547313094656 Fed’s …

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Fed’s QE Unwind Accelerates Sharply

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter These are getting to be serious amounts. The QE Unwind is ramping up toward cruising speed. The Fed’s balance sheetfor the week ending May 2, released this afternoon, shows a total drop of $104 billion since the beginning …

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