Burning hundred-dollar bill

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Fed Falters, Stocks Stumble, Bonds Bounce

Posted June 16, 2021 By David Haggith
Federalreserve [Public domain], via Wikimedia Commons

The Fed candidly admitted today’s soaring inflation is not what it had in mind, though it certainly is exactly what I’ve had in mind: At a news conference after the Fed’s statment [sic.] was released, Chairman Jerome Powell said he expects that inflation will be short-lived but acknowledged that it has run hotter than the […]

Economists — including those at the Fed — were surprised by inflation again. With their consensus view being that inflation for June would print at about a 4.7% increase year-on-year, inflation barreled in at 5%. That took us back to the kind of inflation we saw in 2009 when the economy and stocks were falling […]

By Tech. Sgt. David McLeod (Defenseimagery.mil, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

Let’s look at what has continued to develop with inflation in the short time since my May articles on the subject because inflation is going to cause the Fed’s “Great Recovery” but burn up in its own incendiary blast. A rapid spread of fiery inflationary data lit up the landscape last week:

Fed Falls for its Own Inflation Fakery

Posted June 4, 2021 By David Haggith

The S&P 500 failed a breakthrough on Thursday and tucked its head back below its 4200 ceiling again, where it has remained rangebound for weeks. Job news on the economic front that many analysts toasted as great could not lift sentiment out of the doldrums on Thursday, nor could it stop Netflix from making its […]

Protected: Is the Housing Market about to Top Out?

Posted May 31, 2021 By David Haggith
A housing market crash in 2018 is where we start 2019

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The most interesting thing about what the Fed is now doing is that it is illegal. The Fed’s argument that it is not monetizing the US debt fails now on its own terms. The Fed is buying treasuries for no purpose other than to directly finance the government’s escalating debt. Here’s the deal: 

Inflation Flying in Hotter than Ever!

Posted May 25, 2021 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

All those economists who went along with the Fed’s inflation-is-temporary-and-going-per-plan narrative are stunned by the data they now see coming in. They shouldn’t be, as it was predicable. However, they will need to get bigger charts to make room for it. Notice where the last ten data points for the increase in inflationary surprises are […]

Stock markets got a jolt of the wrong kind on Wednesday when release of Fed minutes showed a little more talk of the Federal Reserve tapering its stimuli took place than what Fed Chair Jerome Powell let on earlier in the month after the FOMC meeting, which sets monetary policy. While the news was as […]

Inflation Will Kill This Stock Market

Posted May 12, 2021 By David Haggith
stock market roller coaster sets up 2019 recession

I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does. That’s what terrifies the market and for a very good reason that may not be the first one that comes to some investors’ […]

Protected: Inflation Tsunami Sirens Are Screaming!

Posted May 7, 2021 By David Haggith
David Rydevik (email: david.rydevikgmail.com), Stockholm, Sweden., Public domain, via Wikimedia Commons

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Over-Fed but Malnourished

Posted May 7, 2021 By David Haggith

Is the inflation I’ve been writing about really all just transitory as Papa Powell claims it is? The Fed Head assures us he has this under control. Would that be just like Father Fed and friends had bank reserves under control right before the repo crisis blew up in late 2019? Or just like they […]

Inflation Rockets Launch

Posted April 27, 2021 By David Haggith
SpaceX, CC0, via Wikimedia Commons

As I said in my recent Patron Post, We’ve now hit that critical juncture when price inflation is picking up momentum quickly…. Shortly after COVID assailed the world, I began to say, especially in my Patron Posts, that we had finally entered a period where, for the first time since I’ve been writing this blog, […]

Protected: Inflationary Rocket Train Accelerating Rapidly

Posted April 16, 2021 By David Haggith

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