Following the incredible 8.6% y-o-y increase in the PPI, we now have a 6.2% increase in the CPI.
That PPI number will come home to the CPI in the next 30-60 days.
Biden*!!
That's not the kill-shot. Interest will be the kill-shot.
As the old Wall Street saying goes, ‘Interest rates are low until they’re not.”
At some point the Federal Reserve will lose control of the bond market, and the bond vigilantes will return, once they realize the United States has neither the will or even maybe the ability, to pay back its sovereign debt....
US debt is now >100% of US GNP. For any other country on Earth, that's doom. Think the US is immune?
Let's Go, Brandon!!
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