People are worried that to bring down #inflation the #Fed will raise interest rates too much and bring down the #economy too. What they should be worried about is that rate hikes will not be enough to bring down inflation, but that they will be enough to bring down the economy!
— Peter Schiff (@PeterSchiff) June 12, 2022
Meanwhile, lower income Americans are being squeezed by inflation.
May CPI accelerated to +8.6% Y/Y – the highest reading in 41 years.
Check out the ballooning prices within that report
Fuel Oil: +106%
Food at home: +12%
Shelter: +5% pic.twitter.com/J1Yty4r7af
— Hedgeye (@Hedgeye) June 13, 2022
We have begun the secular bear market.
The structure looks as bearish as it can get. Some unknown event will lead to a steep illiquid sell-off that takes us down to 1700-1850 on the S&P 500.
At this point there is nothing that the policymakers can do to stop it. pic.twitter.com/jLwzr2zJx0
— HOZ (@MFHoz) June 13, 2022
Now putting even 2008 to shame! t.co/wzHFejuSAp
— Invariant Perspective (@InvariantPersp1) June 14, 2022