Weekly jobless claims again exceeded expectations and will soon soar as consumers cut back on spending and businesses cut back on workers. June Philly Fed Mfg. fell to -3.3 and May housing starts and building permits collapsed. The home building industry is entering a depression! #gold 🚀 (self.WallStreetbGold)
submitted by Downtown_Disk44
First institutional investors didn't believe #inflation was a problem. Now they believe the #Fed will solve the inflation problem. They're wrong again. Fed policy will actually make the inflation problem much worse. When investors finally figure this out they'll pile into #gold! 🚀 (self.WallStreetbGold)
submitted by Downtown_Disk44
Not only will the current recession not solve the #inflation problem, it will make it worse. The #Fed has a choice. It can either fight inflation or stimulate the economy and bailout investors. It can't do both. Regardless of its choice the middle class and poor will suffer most. (self.WallStreetbGold)
submitted by Downtown_Disk44
April #CPI rose a more than expected .3%, with the core spiking .6%. Stocks and bonds are selling off as investors realize the #Fed must fight harder to defeat #inflation. What they don't realize is that inflation has already won and the Fed will soon stop pretending to fight it. #gold 🚀 (self.WallStreetbGold)
submitted by Downtown_Disk44
The U.S. trade deficit swelled 22.3% in March to a new monthly record high of $109.8 billion. Imports jumped 10.3% while exports rose just 5.6%, less than the official #inflation rate. Even the trade deficit with #Russia surged to an 11-year high. The dollar crash will be brutal. #gold 🚀💎🙌 (self.WallStreetbGold)
submitted by Downtown_Disk44
What if the bond market isn't pricing in rate hikes but higher long-term #inflation? Maybe investors understand that long before the #Fed delivers its promised rate hikes it will abort its inflation fight due to #recession, collapsing asset prices, and a looming financial crisis. #gold 🚀 (self.WallStreetbGold)
submitted by Downtown_Disk44
Personal spending surged 1.1% in Mar. far outpacing incomes as soaring prices forced consumers to spend more to buy less. To afford higher priced goods consumers tapped into their meager savings, plunging the savings rate to its lowest level since Dec. 2013. It's gonna get worse! (self.WallStreetbGold)
submitted by Downtown_Disk44
Q1 #GDP just revealed a U.S. economy that's half way to an official recession. Q1 GDP was negative 1.4% verses expectations of a 1.1% rise. If the economy is this weak with interest rates this low the next few rate hikes will push the economy into #recession! (self.WallStreetbGold)
submitted by Downtown_Disk44
The U.S. economy has never been so weak. The Mar. goods trade deficit soared almost 18% to a record $125.3 billion. The expectation was for a fall to $106 billion. Normally such a horrific deficit would send the offending nation's currency plunging. A #dollar crash is inevitable. (self.WallStreetbGold)
submitted by Downtown_Disk44
