Good morning … BoJ BUYS … BOJ Unveils Unscheduled Bond-Purchase Operation Surprise!! ? AND China data RTRS: China's factory, services sectors show weakness, need for stimulus These combined to help shape / shift the overnight global narrative ahead of this afternoons month end (
Going to go on 1 here, dids me homework yesterday after mtn biking HARD the last 2 mornings, didn't have much Physical energy remaining....
-How much of this 'soft landing' narrative is based on BS Initial Headline Data, that's months later quietly revised Downwards? Such as personnel Income Growth (or something like that), the headline number was +4.9% YoY, only to be QUIETLY revised Downwards months later to -0.7% (h/t to YT's Nobody Special Finance).
-DDB's daily free note (yes I'm frugal!) seemingly daily provides a lengthy rebuttal to the Softy narrative.
I try to read the Credit Bubble Bulletin Weekend Commentary regularly. Reading yesterday's was a real dozy. These large financial behemoths obviously don't read it, or refuse to discuss it publicly. For instance:
-After 2 yrs of hammering the private sector with excessive regulations and state take-overs, the Chinese consumer and businessman (they are unwoke over there!) have lost confidence in the government and economy, and no "stimulus" will restore this confidence, only deregulation will release those "animal spirits".
-The June US stock rally is all multiple increased based, 100% funded by the retail (i.e. BAGHOLDERS) investor barrowing on Margin....
-The initial rate increases actually serve to Accelerate the final wave of growth in the economic cycle.
-The Fed & US Treasury basically implicitly, through it's March measures, backstopped the entire US banking system, thus relighting the fuse of the Speculative Bubble.
All that said, I also subscribe to Tom Luongo's Gold Goats & Guns blog (highly recommended, and Yes I'm a Patron!). He's made the point Repeatedly that Brandon's CHIPS and Inflation Reduction Act are providing massive industrial stimulus, so while the consumer fades, the big businesses tied into the Gov GAIN. This will lead to Commodities Inflation, which pushes out the recession to 2024. Much as I despise Brandon, I have to give him and/or his peeps their credit for knowing how to prop up our fake economy. Never mind the 30B plus monthly DDB loves to point out the Gov is STILL paying business to keep useless employees on payroll. But don't worry, the Feds suspect that over 50% of these claims are fraudulent, and after something like 40 plus months, the Feds are on the case. OHH the confidence I have in them!
Thanks for all that you do, and for providing this outlet. Cheers All!
Going to go on 1 here, dids me homework yesterday after mtn biking HARD the last 2 mornings, didn't have much Physical energy remaining....
-How much of this 'soft landing' narrative is based on BS Initial Headline Data, that's months later quietly revised Downwards? Such as personnel Income Growth (or something like that), the headline number was +4.9% YoY, only to be QUIETLY revised Downwards months later to -0.7% (h/t to YT's Nobody Special Finance).
-DDB's daily free note (yes I'm frugal!) seemingly daily provides a lengthy rebuttal to the Softy narrative.
I try to read the Credit Bubble Bulletin Weekend Commentary regularly. Reading yesterday's was a real dozy. These large financial behemoths obviously don't read it, or refuse to discuss it publicly. For instance:
-After 2 yrs of hammering the private sector with excessive regulations and state take-overs, the Chinese consumer and businessman (they are unwoke over there!) have lost confidence in the government and economy, and no "stimulus" will restore this confidence, only deregulation will release those "animal spirits".
-The June US stock rally is all multiple increased based, 100% funded by the retail (i.e. BAGHOLDERS) investor barrowing on Margin....
-The initial rate increases actually serve to Accelerate the final wave of growth in the economic cycle.
-The Fed & US Treasury basically implicitly, through it's March measures, backstopped the entire US banking system, thus relighting the fuse of the Speculative Bubble.
All that said, I also subscribe to Tom Luongo's Gold Goats & Guns blog (highly recommended, and Yes I'm a Patron!). He's made the point Repeatedly that Brandon's CHIPS and Inflation Reduction Act are providing massive industrial stimulus, so while the consumer fades, the big businesses tied into the Gov GAIN. This will lead to Commodities Inflation, which pushes out the recession to 2024. Much as I despise Brandon, I have to give him and/or his peeps their credit for knowing how to prop up our fake economy. Never mind the 30B plus monthly DDB loves to point out the Gov is STILL paying business to keep useless employees on payroll. But don't worry, the Feds suspect that over 50% of these claims are fraudulent, and after something like 40 plus months, the Feds are on the case. OHH the confidence I have in them!
Thanks for all that you do, and for providing this outlet. Cheers All!