A Recession in 2022 Looks Increasingly Likely As More Yield Curve Inversions Appear – Mish Talk
Yield Curve data from the New York Fed as of 2022-03-29, yellow highlights mark Inversions, chart by Mish The highly watched 2-10 spread was positive...
Biden Presents a 158-Page Budget for 2023, Mostly a Free Money Rehash of Build Back Better – Mish Talk
Biden’s budget proposal from WhiteHouse.Gov Fiscal Year 2023 Budget of the U.S. Here is the 158-page Fiscal Year 2023 Budget of the United States Government. The first...
Misguided Souls Still Do Not Understand This Simple Truth: Sanctions Don’t Work – Mish Talk
Here We Go Again Sanctions Don’t Work! Period! When have sanctions ever dislodged anyone? Q: Venezuela?A: No Q: Iran?A: No? Q: Cuba?A: No? Q:...
Mortgage Rates are Spiking and So is the Spread vs 10-Year Treasuries – Mish Talk
Mortgage Rate and Spread Data from St. Louis Fed, Weekly Ending Thursday, Chart by Mish The above chart caught my eye as I was mapping...
Faster Quantitative Tightening? Not Anytime Soon Says Fed Governor Christopher Waller – Mish Talk
Image Fed file, question by Mish Not Anytime Soon “Investors are bracing for the central bank to cut back its mortgage holdings by no longer...
LA Spends Up to $837K Per Unit to House a Mere 5,600 of Over 40,000 Homeless – Mish Talk
Los Angeles Passed Proposition HHH in 2016. Cost per unit from LA City Audit. Inquiring minds are investigating Los Angeles City Controller’s Audit Report on...
Biden Doing Everything Possible to Drive Up the Price of Oil, Some of It’s Illegal – Mish Talk
SEC accused of doing Elizabeth Warren’s dirty work. Image from a Tweet. SEC Mandate Idiocy President Biden does not have the votes to pass his...
Why Does Anyone Have Faith in Fed Rate Hike and Inflation Expectations? – Mish Talk
Rate hike projections chart courtesy of the Fed. Fed Track Record The Fed has a proven track record of terrible projections of inflation, first overestimating...
What Can the Fed Do About the Price of Food, Medicine, Gasoline, or Rent? – Mish Talk
CPI Weights from BLS chart by Mish Chart Notes The above chart shows percentage weights in the CPI according to the latest CPI Report, Table...
A Global Food Crisis Looms as the US Sanctions the World – Mish Talk
Global Food Crisis image from NYT Tweet US Effectively Sanctions the World It’s rare that I agree with anything on the New York Times. Yet,...