‘The FED took advantage of declining money velocity to unleash a deluge of printed currency. But as velocity picks up again, long-term inflation is an inevitable outcome.’

Financial conditions in the US have eased around 150 bps since October 2022 according to Goldman's FCI index. That easing in financial conditions translates into a positive growth bump around that mangitude, so – if recession risk was ever truly …

READ MORE

DTC Settlement Money Market Instrument (MMI) Issuer Failure. Is HSBC Bank having problems?

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-dtcc-white-paper-money-market-instruments-blue-sky-task-force-report.pdf Some recent headlines: HSBC 1/13/2023: Under pressure from his biggest shareholder, China’s Ping An Insurance Group, to improve profit, HSBC (HSBA.L) Chief Executive Noel Quinn has in recent months accelerated plans to shrink its global empire and streamline its …

READ MORE

People running out of real money wasn’t enough to start the recession. Wonder what happens when everyone runs out of fake money too.

U.S. credit card debt jumps 18.5% and hits a record $930.6 billion Credit card debt almost 1 trillion as delinquencies spike. In other news unemployment at lowest level since 1969. 🤔 pic.twitter.com/0I6Hn5vB1u — George Gammon (@GeorgeGammon) February 3, 2023 Probably …

READ MORE

Tucker Carlson: “We’re spending all this money to liberate Ukraine from the Russians, why are we not sending an armed force north to liberate Canada from Trudeau? And, I mean it.”

Tucker Carlson: “We're spending all this money to liberate Ukraine from the Russians, why are we not sending an armed force north to liberate Canada from Trudeau? And, I mean it.” pic.twitter.com/21NTd8C9GI — Media Matters (@mmfa) January 26, 2023

THE US MONEY SUPPLY, TREASURY CURVE AND LEADING ECONOMIC INDEX ARE ALL SIGNALS THAT A “HARD LANDING WILL OCCUR IN 2023” – BOFA.

THE US MONEY SUPPLY, TREASURY CURVE AND LEADING ECONOMIC INDEX ARE ALL SIGNALS THAT A "HARD LANDING WILL OCCUR IN 2023" – BOFA. — FinancialJuice (@financialjuice) January 27, 2023 https://twitter.com/MFHoz/status/1618735184106639362 Our $SPY market view, from our 2023 outlook, simplified. We’re …

READ MORE

Americans are running out of money. Last time saving was this low was 2006-07. Right before GFC. Spending cutback + deflation will of course cause a Recession. Potentially a big one.

1) Why is the Savings Rate so low? Because for the last 18 Months Americans have been ravaged by Inflation (orange line). Meanwhile – Wage Growth (blue line) has not kept up. Not even close. pic.twitter.com/T59hRPUSft — Nick Gerli (@nickgerli1) …

READ MORE