It’s happening right now, smacking down one company at a time.
Stocks, bonds, and the future? A seatbelt-mandatory read by David Hay, Chief Investment Officer of Evergreen Capital.
This chart shows how truly screwed up this housing market really is.
America might start a downturn from a position of weakness unique since WW2.
That illusory surge in the economy, trotted out for five years in a row to rationalize soaring stock prices? The Fed has wiped it from its vision of the future.
This is not to say that it won’t go on longer or won’t get wilder. There are already people with lampshades on their heads. And girls are dancing on the tables.
Rents and housing costs make up 30% of the Consumer Price Index. They’re its largest component. They’re soaring in real life. But not in the CPI.
San Francisco Fed: Investors are pricing in “a later liftoff date” for the federal funds rate and a slower pace of tightening than FOMC participants themselves.
The Fed’s policies have rewarded financial engineering at the expense of job creation.
Not everyone is irrationally exuberant.