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Don't expect the Fed to save the day
"It'll keep interest rates high even even if a recession crushes stocks next year"
The Fed is not going to flinch from its inflation-fighting plans despite a nudge down in the CPI report that may be nothing more than another head fake. The market showed some signs of Fed fear re-emerging after a mysterious moment of major market riggery that skyrocketed stocks a minute before the CPI report was released. What bolted upward yesterday settled back down during the day. Blackstone warns that the market is not thinking straight about the fact that the Fed will take the nation into a recession to kill inflation, a change that the financial foghorn known as the “yield curve” is now signaling louder than anytime in, at least, the last fifty years. Meanwhile, the stock buybacks that drove the market for years are dying down in the face of recession fears as corporations seek to retain profits for tougher times ahead.
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Economica (stocks in bondage, bonds in the stockade, market madness, etc.)
Housing Bubble Bust 2.0 (including commercial & global real estate)
Money Matters (monetary policy, gold, silver, cryptos & currency wars)
Famished & Enflamed (sanctions, shortages, famines & fires)
Overinflated (too much money chasing too few goods)
War, Cyberwar, Civil Conflicts & Unrest
Politics & Social Decay
Globalism, Authoritarianism, Invasive Government & Censorship
Winds of Change (extreme weather, climate change & green energy)
A Pox Upon Us (the plagues & pandemic policing of the 2020’s)
Off-the-Beat or Just Plain Offbeat News
Creative Collapse (cartoons, humor & other creative expressions)
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