Recession Highly Likely

by uslvdslv Top Graph: Over the past +50 years, inversions of the 50 day SMA of the 10 year treasury rates minus the 50 day SMA of the 3 month treasury rates have all preceded the start of a U.S. recession …

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Being on the Fed board is basically just a highly paid speaking engagement gig where you can be wrong about everything year after year but have 100% job security no matter what.

Why would we expect a better job from people who have no disincentive to fail?Where's the accountability for mistakes that impact the lives of millions?60% now living paycheck to paycheck & soon they'll cost millions their jobs.https://t.co/dKUIESSH3n — Sven Henrich …

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Highly likely that global markets are at the cusp of succumbing to Crisis Dynamics, which will be especially difficult to shake this time around.

via creditbubblebulletin: Global “Risk Off” gathers momentum by the week. Crisis Dynamics fester, as global central banks coalesce around a united front for battling inflation. The reality that central bankers will aggressively hike rates until something breaks has begun to sink …

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A highly levered economic system literally doesn’t function when Treasuries and stocks correlate continuously on the downside.

https://twitter.com/leadlagreport/status/1534159210560339968 cost of money beginning to bitehttps://t.co/Y2ajk6DuDs — Jim Panzee (@Ozard_OfWiz) June 7, 2022 “Target’s struggle to adjust to rapid shifts in demand amid stubborn inflation that’s forced consumer spending into less-profitable staple goods and away from discretionary categories such …

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Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming

https://www.cnbc.com/2022/03/02/fed-chair-powell-notes-highly-uncertain-ukraine-impact-but-says-rate-hikes-are-still-coming.html Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. In remarks prepared for dual appearances this week before House and Senate committees in Congress, …

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Venezuela to Cut Six Zeros From Bolivar, Push Digital Adoption (As Fed’s Waller Says He’s ‘Highly Skeptical’ Of A Fed Central Bank Digital Currency)

by confoundedinterest17 Rather than fix their 2,500%+ inflation rate, Venezuela is simply dropping six zeros from their currency, the Bolivar. (Bloomberg) — Venezuela will remove six zeros from the bolivar in another attempt to save a currency that has been wracked by …

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China-Backed Media Highly Critical Of Texas’ New Permitless Carry Law…

https://www.zerohedge.com/political/china-backed-media-highly-critical-texas-new-permitless-carry-law Nearly a week after Governor Greg Abbott signed House Bill 1927 that eliminates the requirement for Texas residents to obtain a license to carry a handgun, the Chinese Communist Party’s propaganda news outlet, Xinhua, published a highly critical piece …

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