I’m getting sick of the lies.
I maintain listening to from supposed gurus and commentators (to not point out the White Home) that inflation is on the decline… however at any time when I’m going to the grocery retailer or attempt to rent somebody to repair one thing at my home or do absolutely anything aside from pay for gasoline… the value is UP.
Who am I to consider? The institution or my very own eyes and pockets?
It is a MAJOR subject right this moment in America… we’re informed on a regular basis that one thing is a sure means… solely to seek out out that it’s not like that in any respect. And the concept that inflation goes away is one MAJOR lie that hits near residence because it impacts our incomes and our lives every day.
I’ve been one of many few individuals stating that inflation shouldn’t be declining for months now. Actually, the one cause the info even rolled over in any respect was as a result of power costs fell as a result of the Biden administration dumped 250 MILLION barrels of oil on the markets.
All that achieved was about three months of declining power costs. As a result of the bond market simply referred to as “BS” on the concept that inflation is beneath management.
To whit… the yield on the 2-12 months U.S. Treasury… which the Fed tracks to find out the place charges must go… is SPIKING once more and about to take out its former highs! This tells us pint clean that inflation is again and if something the Fed will must be MUCH MORE aggressive to cease it.
And regardless of this… and the financial system rolling over… and inflation NOT being on the decline… traders poured $1.5 BILLION per day into shares final month. Actually, from what I can inform, traders are MORE bullish right this moment than they had been a yr in the past! These people BELIEVE the lies they’re being informed!
That is the form of atmosphere wherein crashes can occur.
Certainly, my proprietary Crash Set off is now on the primary confirmed “Promote” sign since 2008.
This sign has solely registered THREE occasions within the final 25 years: in 2000, 2008 and right this moment. I’ve illustrated them within the chart beneath.
The clock is ticking on the markets right this moment… identical to it was in 2000 and 2008. Many traders will lose all the pieces… however you don’t need to be one in all them.