— Politics Aired (@PoliticsAired) August 26, 2022
Looks like the panic will come this winter
— Wifey (@WifeyAlpha) August 26, 2022
There is no pivot, the market has already priced in 75bps
I don’t create my narrative.. I just watch charts pic.twitter.com/eEY6pDmt2B
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 25, 2022
New low in MTD regional PMI new orders. This is the start of the next big issue for markets. No recovery in sight from long reliable leading indicators. #macro #PMIs #hOpe pic.twitter.com/vgxXZhO13C
— Kantro (@MichaelKantro) August 25, 2022
Powell confirmed no pivot, sorry bros. Rates only go up. Don't fight the Fed.
— Financelot (@FinanceLancelot) August 26, 2022
SUMMARY OF POWELL'S JACKSON HOLE REMARKS:
1. Fed is "data dependent" for September meeting
2. July inflation not enough to change Fed views
3. Will require more restrictive policy "for some time"
4. Fed can slow pace of rate hikes "at some point"
The Fed is clearly confused.
— The Kobeissi Letter (@KobeissiLetter) August 26, 2022
The share of institutional investment in real estate is decreasing.
In particular, "Major U.S. and Canadian pension funds are cutting back investments in office buildings, betting that prices will likely fall as the five-day office workweek becomes a thing of the past." – WSJ pic.twitter.com/djeDj4KkAU
— Ayesha Tariq, CFA (@ayeshatariq) August 26, 2022
UMich vs. Conference Board {ECAN}: pic.twitter.com/QaVuV72qDI
— Michael McDonough (@M_McDonough) August 26, 2022
What has to happen for me to turn bullish EURUSD:
1) The war would have to end
2) The energy crisis would have to ease
3) The ECB would have to hike rates sharply, repeatedly
4) The Fed would have to get clearly dovish
Hint: None of this will happen so soon.
— Marc-André Fongern (@Fongern_FX) August 26, 2022
🇺🇸 10 Tweets That Show U.S. #Housing #Recession Is Gaining Tractiont.co/FruB4aWBzj
— Christophe Barraud🛢🐳 (@C_Barraud) August 26, 2022
This is why it's Central Banks responsibility to remove the punchbowl and not leave it out and expect borrowers and lenders to behave 'responsibly' cos it ain't going to happen. t.co/9Lie3xx8As
— Albert Edwards (@albertedwards99) August 26, 2022
Liquidity in oil market is evaporating
OPEC will be forced to cut production pic.twitter.com/UPIFC069Yd
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 26, 2022
Why the Mirage of Lowflation Era Is Coming to an End
There is no mystery as to how central banks got so far off the deep-end.
Stagflation: Fed’s Powell Says Bringing Down Inflation Will Cause Pain to Households and Businesses
Fed Chairman Jerome Powell said Friday that the fight against inflation will lead to a period of sluggish growth and cause pain to households and businesses.
GDPNow Slows To 1.38% For Q3 (Conference Board Indicators At 0.0% YoY, Yield Curve Remains Inverted
University of Chicago economist and Nobel Laureate Richard Thaler says he doesn’t see anything that resembles a recession in the U.S. It used to be that economists would see two consecutive quarters of negative Real GDP growth and say “recession.” But apparently not economists like Thaler. But at least the Atlanta Fed’s GDPNow real GDP tracker is pointing to weak growth for Q3 at 1.379%.
Major US Retailers Warn: Lower-Income Consumers Are In Trouble
President Biden and his top advisers have been adamant that the consumer is exceptionally strong this summer despite the economy slumping into a technical recession. Well, maybe in aggregate, the consumer appears healthy, but numerous retailers pointed out that less-affluent ones are tapped out.
Housing Market ‘In Much Worse Shape’ Than Fed Wants To Admit: Economist
Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates continue to have on prospective buyers.