July CPI printed at 3.4% headline and 2.5% core, giving media outlets a reason to celebrate, but the bond market is issuing a severe credibility warning to Fed Chair Kevin Warsh. In today's Wall Stree
They’re all corrupt and are just trying to sell their kool aid to the sheeple 🐑
CP Lie and especially their newest fakked “indicator” core CP Lie both don’t show 💩 on the TRUE inflation (best measurement being M2) is currently 6.2% YOY !!
wishy warshy is a trump puppy and will NOT raise rates
It's mathematically impossible for the Federal Reserve to control anything now. Interest expense on federal debt in 2020 was around 345 billion. It's now tripled. The Federal Reserve is simply a monetizer of debt by printing new dollars as new debt is created. Warsch can't do anything, and Bessent is useless. Do you want your cash to become worthless stock inventory? When you buy a stock you are literally buying a liability. I will pass and stick with tangible useful items.
The administration and the Fed Chair can change measuring tools, but tariffs and oil price inflation that touch products and components aren’t going away. Add in the jobs disaster and signs point to a weaker economy and stagflation. The market and economy are different things but unless our corporations can do without consumers, stocks will eventually run out of spin, helium or whatever is keeping the bubbles from popping.
The Bond Market reads the facts, the equity market doesn't care with algos in control. The CRAK was $45 at the time of Warsh's first meeting. Today, it is at a new high of $58. Cost push inflation is here and will show up in everything soon. If you shop you know
10+ years is a long time.. The congressional budget office is projecting federal tax receipts in increase by 2 or 3% per year.... for FOREVER. That is freaking absurd and assumes the US economy will never have another recession.
When Trump fired The bureau of Labor Statistics commissioner, because the numbers were poor. I lost Faith in any Data Reporting From the Trump Administration. 😡
I trust no data from this corrupt government running our country! True inflation is at 8 or 9 percent!
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CP Lie and especially their newest fakked “indicator” core CP Lie both don’t show 💩 on the TRUE inflation (best measurement being M2) is currently 6.2% YOY !!
wishy warshy is a trump puppy and will NOT raise rates