U.S. stock market indices are under pressure for a variety of reasons. There’s the Federal Reserve’s FOMC monetary policy meeting that delivered an expected 0.50% increase in the Fed Funds Rate with a hawkish tone from Jay Powell, a proxy war (Twitter thread) in...
A negative flow of economic data and liquidity issues are replete with contagion signals and slower growth on a global scale, which are building towards a TPTB acknowledgement that a global recession has arrived. Predicting when the financial lords of officialdom will...
After penning the “Growing Risk of Recession as Bread and Circuses Distract the Plebeians” Part 1 , 2 , and 3 (Twitter thread) since the end of March, one data point from the Fed’s officialdom has confirmed that the United States is in a technical recession and...
Since penning Part 1 and 2 (Twitter thread) in early April on the risk of recession this year, the chances of a hard landing vs. the Fed’s sanguine soft-landing narrative morphed into “we have a good chance of a softish landing” when Jay Powell delivered the FOMC’s...
Fed Chairman Jerome Powell testified in front of Congress last week for a second-term confirmation and tiptoed around the Federal Reserve’s plan on tapering its accommodative monetary policy to “rate normalization” in 2022 and beyond. The barrage of questions about...