Stage 1: Short The Rip
Stage 2: Bear Market Rally Town
Stage 3: The Inflationary Panic
Stage 4: Deflation and DepressionWe are in Stage 2. We are more towards the start of this bear market then the end. Contrary to popular belief on FinTwit.
— Wifey (@WifeyAlpha) December 4, 2022
US Inflation expectations jumped after jobs data..
Something to pay attention. pic.twitter.com/jwuzv5hzRN
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) December 4, 2022
I’m seeing everywhere “workers demand wages increase” from all countries.. more signs inflation peaked 🙃
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) December 4, 2022
Inflation Roars Back in the EU With New Highs in Germany, Italy, and France@dlacalle_IA h/t to @sunny_s_i_d_e_ for the link to the ECB data
I have new updated charts through October for US, Canada, UK, and EU inflation. Let's take a look.t.co/CC7K54RGCB
— Mike "Mish" Shedlock (@MishGEA) December 5, 2022
Peter Schiff: A Currency Crisis Will Fuel the Inflationary Fire @schiffgold t.co/Rclbw1JZwo
— Peter Schiff (@PeterSchiff) December 5, 2022
A Recession Is Not the Problem, a Deep Inflationary Depression Should Be a Far Greater Concern
Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday.
This October post shows how a -60% crash would match the previous 2 recessions. t.co/0JnrVMcYal
— Financelot (@FinanceLancelot) December 5, 2022
PMI: "The survey data are providing a timely signal that the health of the US economy is deteriorating at a marked rate"
Deteriorating when the only possible stimulus over the next 2 years will be monetary. Markets will figure this out in 1-2 months t.co/5Sg5IIJxlc
— zerohedge (@zerohedge) December 5, 2022
Bank of America Warns of Looming Unemployment Shock
Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year.
They also recommended selling a stock market rally ahead of the likely surge in job losses.
“Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation in 2022,” stated BofA strategists led by Michael Hartnett, who revealed that global equity funds were having their biggest weekly outflows in three months.
“We’re selling risk rallies from here,” he said, reiterating his preference for bonds over equities in the first half of 2023.