“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’
(via @abhabhattarai) t.co/clmUkg2SXN
— Carl Quintanilla (@carlquintanilla) June 9, 2022
“I think we’re going to need a bigger boat.”
All this excess inventory isn’t just at $TGT, $WMT and $HD! #macro pic.twitter.com/MRFdV6DQSj
— Michael Kantrowitz, CFA (@MichaelKantro) June 8, 2022
#Retail-ers have way too much stuff.
And too many #employees. pic.twitter.com/Ix7NFGBv7A— Lance Roberts (@LanceRoberts) June 9, 2022
Central bankers believe policy is made in months, not tick-by-tick, thus there's no rush. But confidence is a fickle thing, and months of delay of removing fuel from the fire has consequences #stagflation.
— Axel Merk (@AxelMerk) June 9, 2022
ECB
– inflation pressures intensified
– revised baseline inflation projections up significantly
– inflation will remain undesirably elevated
Yet, left rates unchanged today
and after coming rate hike, will reinvest maturing principal payments in full.fu**ing legends pic.twitter.com/SP4Wciwn8J
— 𝒦𝒶𝒾 (@MacroTechnicals) June 9, 2022
Secretary Yellen: "I do expect inflation to remain high, although I very much HOPE that it will be coming down now." 🤡
Is it just me? She seems to say nothing useful … ever.
Sound ON pic.twitter.com/G6k7HPTaix
— Wall Street Silver (@WallStreetSilv) June 9, 2022
The Fed has 400+ economics PhDs & 150+ research assistants on payroll and access to the best real-time economic data before anyone else
How did all these people, with their supposed “sophisticated understanding of economics,” screw
up their analysis of inflation so badly? pic.twitter.com/rNhlfPIYfj— Mark Moss (@1MarkMoss) June 8, 2022
US INITIAL JOBLESS CLAIMS ACTUAL 229K (FORECAST 206K, PREVIOUS 200K) $MACRO
— Breaking News | FinancialJuice (@Financialjuice1) June 9, 2022
UK inflation swaps hit a new all time high
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 9, 2022
*LAGARDE: FINANCIAL-STABILITY ENVIRONMENT HAS WORSENED
— zerohedge (@zerohedge) June 9, 2022
*LAGARDE: PRICE RISES BECOMING MORE WIDE SPREAD ACROSS SECTORS
— zerohedge (@zerohedge) June 9, 2022