If the Fed tries this in September when inflation is not controlled I hope the bond market shoves it up their *ss and takes the 10 year yield up to 7%
As a reminder, the Fed only controls short term rates. All borrowing is based on the 10 year yield.
Go ahead and try it JP pic.twitter.com/lgpqSA2czg
— QE Infinity (@StealthQE4) May 14, 2024
2/ From 1970 to 1980, oil skyrocketed from $3 to $40
Due to supply shocks from geopolitical conflicts
This led to multiple inflationary waves in the US, peaking at 15%
And triggered 4 severe recessions pic.twitter.com/Wvrvj7xRbC
— Game of Trades (@GameofTrades_) May 13, 2024
4/ Recently, the Geopolitical Risk Index made the largest spike seen since Russia's invasion of Ukraine in Feb 2022
This index measures news coverage of geopolitical unrest, signaling rising global tensions
Coincidentally, the S&P 500 fell 7% due to rising oil prices and… pic.twitter.com/JUyLlea6UT
— Game of Trades (@GameofTrades_) May 13, 2024
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
Members of Walmart’s Walton family sells $1.5 billion worth of stock!
The whole of Wall Street waits with bated breath each month for a CPI report whose rent calculation is total garbage.
"Garbage in, garbage out." pic.twitter.com/z3oHA0hgKC
— Jeff Weniger (@JeffWeniger) May 13, 2024
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