Powell says inflation poses ‘severe’ threat to job market… Fed got fooled by their own stimulus. AGAIN? First S&P high NOT confirmed by the Wilshire nor by NYSE breadth… Crash risk is high

Fed Chair Jerome Powell pledged to do what’s necessary to contain an inflation surge in his confirmation hearing before Congress today. He steered clear of sharing fresh details on the path of U.S. monetary policy https://t.co/RuJiXCC3ax pic.twitter.com/ovUa0vIRjR — Bloomberg TV …

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Overcapacity is a major issue and poses a significant deflationary risk to the rest of the world as China looks to export their economic imbalances.

via NZ Herald: The underlying economic troubles in emerging markets surfaced recently with Turkey, Argentina and India making headlines as their markets tumbled. Meanwhile, trade tensions between China and the United States have brought an even more cautious tone across international …

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