Retail was a bloody mess! But revenue looked pretty good … considering! So, what was all the red about, and why all the screaming on the stock exchange?
So far, the answer seems to be “confidence”. All central bankers and politicians are on a single mission to reassure markets that they have a plan to get this under control.
So for this week, understand first that we are about to experience the most serious energy supply crunch since 1973 and the economic and financial impacts are almost incalculable.
In recent testimony before the British Parliament, BoE governor Bailey admitted he felt “helpless” in the face of what has become runaway inflation. “It’s a very, very difficult place for us to be in."
With Governor Bill Lee’s signature on Friday, Tennessee has officially become the 42nd state in the U.S. to remove sales taxes from constitutional sound money (i.e., gold and silver).
But the larger view is for a continuation of the bear market, whether sooner or later, but at some point by Q4, 2022. Then there is the recent bearish trend of this macro indicator...
Inflation is hurting many more Americans than the strong job market is helping. This is important because boosting employment and wages is a key reason the Fed didn’t begin tightening sooner.
