History will say that pandemic-related supply chain issues not only hid a collapse in demand, they drove a collapse in demand due to higher prices.
We are on the cusp of the largest and fastest demand collapse in U.S. history. pic.twitter.com/RceLXOZFeR
— Mac10 (@SuburbanDrone) October 31, 2021
This is what happens when you take the middle class for granted, and assume there will ALWAYS be demand.
One day the REAL Atlas shrugs and it's all over.
We are watching the death of Supply Side Economics in real-time.
As brutal an end as anyone could imagine. pic.twitter.com/CLlIRNelmh
— Mac10 (@SuburbanDrone) October 31, 2021
This is what happens when investors get a little too greedy and expect a big Santa Rally when in fact they've already had several years worth of gains. pic.twitter.com/lCew3iChHy
— Mac10 (@SuburbanDrone) October 31, 2021
🔘Michigan Consumer Sentiment in October remains dismal😕 with 🇺🇸US Mkts in ATH pic.twitter.com/qMOn371eRK
— Antonio Pérez-Algás (@apanalis) October 30, 2021
Commodity price increases over the last year…
Heating Oil: +128%
Gasoline: +123%
WTI Crude: +120%
Brent Crude +111%
Coffee: +95%
Natural Gas: +85%
Aluminum: +53%
Cotton: +51%
Copper: +45%
Lumber: +39%
Sugar: +33%
Corn: +30%
Wheat: +21%
Soybeans: +15%
Silver: -1%
Gold: -6%— Charlie Bilello (@charliebilello) October 27, 2021
Bulls betting on an end of year melt-up should know that for this duration of rally, there has been no larger rate of return for the S&P 500:
In 75 years.
100% pic.twitter.com/AtuWGc4VNd
— Mac10 (@SuburbanDrone) October 31, 2021
Newbie trolls are saying the Fed will never taper and never let the market go down.
Wishful thinking.
Back in December 2018 Powell raised rates during a major selloff while Trump warned him not to.
Of course then the market exploded. pic.twitter.com/fJWNVJ1Vgo
— Mac10 (@SuburbanDrone) October 31, 2021
#recession … #GFC2 #UST #Bonds edition$USD #YieldCurve flattening at record pace even before tapering #QE has even begun let alone ended… 📉https://t.co/Ozm3EczsUi https://t.co/B5796ppFom pic.twitter.com/mUuqq53Nvg
— Invariant Perspective (@InvariantPersp1) October 31, 2021
Treasury has drained $100BN in the past 2 weeks. pic.twitter.com/aGChrTGTOU
— zerohedge (@zerohedge) October 31, 2021
#recession … #StockMarket #Bubble edition
So much for #GlobalTrade… 📉 https://t.co/An1Do4hhG9
— Invariant Perspective (@InvariantPersp1) October 31, 2021
Apple & Amazon's Big Warning to Investors#news #economyhttps://t.co/bzfQW5dIKX
— Steven Van Metre 👑 (@MetreSteven) October 29, 2021
#recession … #GFC2 Germany #Consumer #RetailSales edition
Whoa! 📉 https://t.co/Nq2OFDGH8W
— Invariant Perspective (@InvariantPersp1) November 1, 2021
#recession … #GFC2 #Consumer edition https://t.co/XWjDXQqqN9
— Invariant Perspective (@InvariantPersp1) October 28, 2021
Atlanta Fed GDP now … their GDP estimate for Q3 was around 6% two months ago.
Then it was guided down to 1.5% about a month ago.
Then it was down to 0.5% last week.Now … it was just lowered to 0.2%. #Recession is coming. pic.twitter.com/YDLQqqcJdb
— Wall Street Silver (@WallStreetSilv) October 27, 2021
Goldman Capitulates, Pulls Forward Date Of First Rate Hike By One Full Year To July 2022 https://t.co/BnTCQVqsQh
— zerohedge (@zerohedge) November 1, 2021
Rare for 5s30s and 2s5s to converge this much pic.twitter.com/wqGVA7rc6p
— Ed Bradford (@Fullcarry) November 1, 2021