BLOOMBERG: “Workers at the 2nd largest aluminum mill in America, accounting for 20% of US supply, learned they were losing their jobs because the plant can’t afford an electricity tab that’s tripled in a matter of months. “

"workers at the 2nd largest aluminum mill in America, accounting for 20% of US supply, learned they were losing their jobs because the plant can’t afford an electricity tab that’s tripled in a matter of months. "https://t.co/bcHiTvadtY — Josh, Mountain …

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US Treasury Yield Curve Descends Further Into Darkness (-48.4 BPS) As Supply Of Homes Increases 30.7% In June (Fed Is Cooling Off Housing Market)

by confoundedinterest17 The US Treasury 10Y-2Y yield curve is descending further into darkness (aka, inversion). The 10Y-2Y yield curve hit the worst inversion since 2000 as the curve slope hit -47.7 basis points, inverting another -2.267 basis points today. Yes, the 10Y-2Y …

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Inflation may come down a bit, but as soon as we exit recession (2023-2024) inflation will roar back to new highs…. A recession by itself don’t fix supply, commodity shortages and massive monetary debasement.

https://twitter.com/WallStreetSilv/status/1554534999470252034 Fed: we are done with forward guidance Also Fed: we will not be cutting rates for a long, long time — zerohedge (@zerohedge) August 2, 2022 https://twitter.com/RetirementRight/status/1554532836664754177

Now Russia cuts off gas supply to Latvia amid growing energy panic in Europe after supplies to Poland, Finland, Netherlands and Denmark were axed – and some cities go dark to save power

by Boo_Randy Central banks can’t print energy. The ECB’s new orgy of bond-buying is going to massively increase inflation at the worst possible time. https://www.dailymail.co.uk/news/article-11064513/Russian-energy-giant-Gazprom-cuts-gas-supply-Latvia-refused-pay-roubles.html Russian has cut off gas to Latvia amid growing energy concern for winter in Europe …

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The Fed cannot fix the supply-side driven inflation. The velocity of money is causing more inflation. This will all cause consumer spending to decrease, layoffs, and a deep recession likely for some time.

by stylishskunk Enough of “oh I don’t have a crystal ball”, blah blah bullshit. Let’s sum up what the fuck is going on. It’s bad. It’s getting worse. It’s getting worse quickly. Let’s look at the problematic topics in the economy …

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