4,226
0.44%
4,226
0.44%
12,864
0.66%
12,864
0.66%
33,427
0.27%
33,427
0.27%
1,811
0.19%
1,811
0.19%
23,821
-0.57%
23,821
-0.57%

Quote of @JamesGRickards
WHAT a sweeping exchange. And in such a legendary setting.
Highlight of my recent visit to Bretton Woods was a 90-minute moderated dialogue with the inimitable @DiMartinoBooth. We covered Fed, inflation, recession, fiscal policy, supply chain, and more. Discussion was livestreamed to readers of Strategic Intelligence. Live is the best!
Are you trying to understand the moves of the Federal Reserve?
Quill Intelligence provides critical, in-depth, study of the issues facing our country and the world economy with emphasis on how central banks are increasingly affecting your future.
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False impressions are clouding people's knowledge about @federalreserve & Quantitative Tightening. They are so rife, @Quillintel teamed up w/ @FedGuy12 for a one-time *free* edition of the #DailyFeather.

Click below to learn how QT really is happening.
The Weekly Quill — Divining the Expiration Dateon the U.S. Labor Market

by @linkedineditors
Whoever this MENACE is on @Twitter needs to be shut down. He’s creating wholesome looking bots to entrap the witless. I just got three of these in a row.
Quote of @TheBondFreak
Not looking good.
Sorry, gang. This was the one I was actually trying to track down on commercial occupancy.
Quote of @jessefelder
'The drop in petrol prices was the driving factor of the deceleration along with a decline in the cost of airfares. But food and shelter continued to increase roughly in line with previous months which will still weigh on the household finances.'
Quote of @menlobear
👇👇👇
Shiller:

"Home prices haven't fallen since the 2007–09 recession. Right now things look almost as bad. Existing home sales are down. Permits are down. A lot of signs that we'll see something. It may not be catastrophic, but it's time to consider that"
Quote of @spomboy
Do share @spomboy
Reply to @Peter_Atwater
@Peter_Atwater to that end, did you see wholesale auto inventories this a.m.?
God help auto dealers when this scarcity cycle abates. Having been forced to pay steep premiums, those few consumers interested in new cars are going to demand steep discounts.
Nothing like corporate propaganda hitting your inbox while you’re waiting to check in to ⁦@AmericanAir⁩ flight that’s 4 hours delayed & counting yourself lucky because you’re surrounded by others whose flights have been canceled.

#FlyTheFriendlySkies
Quote of @lukeod3
Executive-ordered 25% increase in @USDA SNAP program for more than 42 million that kicked in October 1st makes the United States “special.”
Reply to @DiMartinoBooth
@DiMartinoBooth Is food surprising to you given futures + UN food price indices are off highs and have been lower for a few months now?
YES, prices at gas pump fell 7.7% in July & “only” up 44% YoY. We welcome that w/open arms (I’ve been driving a lot this summer!)

But Fed can’t ignore food prices which rose 1.1% MoM & are up 10.9% YoY the most since 1979

Appreciate RELIEF Fed to back off. I wouldn’t bank on it
Quote of @dlacalle_IA
Got statins?
This is not "lower inflation" it is a slight moderation in insane inflation.

If you eat twelve doughnuts a day and then you eat eleven, it is not "diet".
Happy I bought popcorn waiting for this headline to hit on history’s most mentally malleable member…

“Kashkari Flips From Fed’s Biggest Pre-Pandemic Dove to Top Hawk”

@business
Positioning for the Fed’s next moves — Subscribe now at — critical, in-depth, analysis of the issues facing our country and the world economy with emphasis on how central bank moves cause ripples.

#Quillintelligence
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What is next for the Federal Reserve?
Quill Intelligence provides critical, in-depth, study of the issues facing our country and the world economy with emphasis on how central banks are increasingly affecting your future.
Visit
What is next for the Federal Reserve?
Quill Intelligence provides critical, in-depth, study of the issues facing our country and the world economy with emphasis on how central banks are increasingly affecting your future.
Visit
False impressions are clouding people's knowledge about @federalreserve & Quantitative Tightening. They are so rife, @Quillintel teamed up w/ @FedGuy12 for a one-time *free* edition of the #DailyFeather.

Click below to learn how QT really is happening.
Quote of @Stimpyz1
Some food math for thought:

A ZERO MoM print until March equates to 3.1% annualized rate.

Is target permanently higher?

ht @YfyGomez
Reply to @Aarfy22
@Aarfy22 @DiMartinoBooth They wont double it, they wont half it. It is on rails for real, until something big breaks. It wont be REPO this time around. At 1T per year it adds 3 1/2% to Fedfunds per Atlanta Fed Shadow rates. We good news is we are at neutral. The bad news is we wont feel it for 2 years.
@Stimpyz1 @DiMartinoBooth If they double the current pace of QT, it would still take 2 years to get the b/s down to $6T.
Quote of @CT_Osprey
Paging Chuck Barris!!
So, can Fed ease off the gas? No, but gas is easing off the Fed! 😄 #dadjokes
Quote of @SamuliGloersen
Of course they’re not real. We’ve done extensive analysis @Quillintel which shows how very inflated the JOLTS data are. Simpletons & politicos are the only ones who trump them out. @Conferenceboard Help Wanted Online Index much more reliable gauge. It turned negative YoY 2022 Q2.
Reply to @R2D2MOE
@R2D2MOE @DiMartinoBooth Are these job offers real jobs at alll?

There always is a endless reservoir of tasks are underpriced so heavily as not to lure workers from current employment. And never will be done.
@DiMartinoBooth But but but

DimartinoBooth in 2020 "Fed can print the money but can't print the jobs".
Reality in 2021 and 2022: Job market in best place. 11M openings in the US and unable to find talent and workers.

Breaking news

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U of M 1 Yr Inflation (Aug P) 5% vs 5.1% Expected, 5-10 yr 3% vs 2.8% $SPY
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