Description
Oil prices aren't inflationary, they're disinflationary. We are getting more proof right now as incoming data shows demand being destroyed. This is creating difficulties for the US economy on top of severe strain around the rest of the world. Several key markets are picking up the distress, too.
Eurodollar University's Money & Macro Analysis
S&P Global Flash US Composite PMI https://www.pmi.spglobal.com/Public/Home/PressRelease/2a6d069e95b3402f85a5e44e3ff49917
Federal Reserve Financial Stability Report April 2024https://www.federalreserve.gov/publications/files/financial-stability-report-20240419.pdf
Bloomberg China Is Front and Center of Gold’s Record-Breaking Rallyhttps://www.bloomberg.com/news/articles/2024-04-21/china-is-front-and-center-of-gold-s-record-breaking-rally
https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
We need to confront the fact there remains a serious problem in the US with Marxism. To successfully counter the threat REQUIRES first we understand why that is and what keeps it going. It's not enough to "clap back" with platitudes correctly pointing to Communism's barbaric history. Nor is the...
Published 05/03/24
Hiring has near completely dried up in the US labor market, contrary to all mainstream talk of a booming economy. JOLTS hires was the lowest since March and April 2020, and apart from those the worst in six and a half years. That substantial weakness was further corroborated by some of the...
Published 05/02/24