Loading ...I find it interesting that all markets are rallying on a weekly jobs report. It was a big jump in new claims for a weekly, but that thing has been reported artificially low since Biden has been in office.
The economy is not just slowing, it’s falling off a cliff. ZH reported yesterday something like 40+% of restaurants can’t make their rent payments. Used car prices are cratering. I think that CPI will come in lower. The other thing I’ve noticed is that in the supermarket if things are overpriced, people just won’t buy them. Housing has completely crashed. Energy isn’t really a problem amazingly. The problem is demand and debt.
The Fed is going to cut IMHO. They need the SM to stay inflated at all costs.