@amuse The looting of the treasury. Look at gold vs $ trend, Americans have lost 40% of their purchasing power in 1 year. Everyone getting poorer all while Biden handing out dollars to every 2-bit globalist. The ship is sinking and we all are going down.
"The market went into 2024 expecting 6 Fed cuts. The reality is that the US economy is simply not slowing down, and the Fed pivot has provided a strong tailwind to growth since December. As a result, the Fed will not cut rates this year:" Apollo's Torsten Slok
Tech-focused stock funds reported $4 billion of inflows in the two weeks that ended Jan. 17, the largest two-week inflow since August: BofA, EPFR data. Last year, the "Mag 7" stocks more than doubled, adding a combined $5.1 trillion in market value. https://t.co/QcNsEHJs6R
If you had told me a few months ago that today 10-year Treasury yields would be near 5% and mortgage rates over 8%, I probably would have told you that the stock market would be down big and the economy headed to recession. While that still could happen, odds are good that it won’t.
Warning: Bank credit has now entered contraction territory
After witnessing one of sharpest declines on record
Since 1974, this has only happened ONCE:
→ The Financial Crisis
Back then, this metric reached levels as low as -5%
At the current rate, a credit event is nearing quickly