Rate Increase, Joe Popping Pills
I’ll lead again with my new focus: rate increases. Where are we? Last week: July 27, 92%: 2.25%-2.50% +0.75% increase Nov 2, 50%: 3.25%-3.50% +1.75% increase This week: July 27:
Credit Contraction; Recession Indicators Grow
First, I have some bad news. My data provider decided to stop shipping futures data to me (it was a free service which I’ve used for over five years) –
Oil in Storage Drops Again; Rising Disability as a Signal
Oil hit a new multi-decade (since 2008) weekly closing high this week, up +4.64 to 118.85. There was talk about OPEC+ pumping more oil to make up for Russia sanctions
Both Gold And Copper Warn: “Crisis!”
Gold has spiked higher in the overnight markets, now above $1535. Copper continues to weaken. That combination says that gold is not sniffing out an inflationary burst from some future
That Roaring Sound You Hear…
Ok folks, the deflation we’ve been tracking is gathering steam. We're now seeing new signs on a daily basis.
