FED has backed themselves into a corner…. In other words, they’re trapped pic.twitter.com/xbBuNgdh86
— Farris BABA (@farrisbaba) September 4, 2021
“Financial bubbles tend to expand slowly and then pop with a loud bang, like the housing bubble that popped in 2008 and caused a financial crisis.” t.co/2pEqr1jaA6
— Nomi Prins (@nomiprins) September 4, 2021
— Invariant Perspective (@InvariantPersp1) September 4, 2021
Economists can’t forecast jobs.
The Fed can’t forecast inflation.
The Atlanta Fed has taken down Q3 GDP by 33%.
The New York Fed has given up on forecasting GDP altogether.
But we’re confident to keep buying stocks at 207% market cap vs GDP.
— Sven Henrich (@NorthmanTrader) September 3, 2021
— Antonio Pérez-Algás (@apanalis) September 3, 2021
Bad Ideas Tried Again: Pension Plans Borrow Money at a Record Pace to Invest
Despite past failures at timing, cities and municipalities are borrowing money to shore up their pension plans.
Hooray! We broke the record borrowing pace of 2008.t.co/8GcnriS6kE
— Mike “Mish” Shedlock (@MishGEA) September 4, 2021
The fall outs from the tech bubble and the housing bubble were bad.
So let’s create this. pic.twitter.com/dBtj93YshT
— Sven Henrich (@NorthmanTrader) September 4, 2021