Everything is breaking records at the same time. Cutting rates now doesn’t fix the problem, it pours gasoline on it. Nothing screams impending financial Armageddon more than precious metals going parabolic.

Everything is breaking records at the same time and that’s not strength, that’s stress. When stocks, gold, debt, and delinquencies all hit highs together, it means the system is being force fed cheap money. Cutting rates now doesn’t fix the …

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Not Always Sunny! Philly Fed Non-Manufacturing Survey SCREAMS Stagflation (Powell And Fed Acholytes Descend On Jackson Hole Wyoming)

by confoundedinterest17 It’s NOT always sunny in Philadelphia. Particularly when the Philly Fed non-manufacturing survey screams stagflation (a nauseating combination of economic slowdown and inflation). After a positive surprise in July, Philly Fed’s non-manufacturing survey slumped back into contraction in …

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