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7% shrinking GDP numbers today. This is terrible and another massive increase to debt.
GDP = Consumption + Investment + Net Government Injection+ (Exports - Imports)
The government borrowed $2.5 trillion during the past 12 months & injected that into economy.
The GDP would have decreased by 7% if the manipulative government had not injected 9%. This is poor policy and will have disastrous consequences. #GDP_Shrunk7%
Terrible! The inflation was not transitory. Costs are up 30% from pre-pandemic 2019, now are confirmed to be higher and continuing to rise.
Also, the government debt increase is not transitory. It is up from $27 T from 2021 to over $35.7 T and heading higher. Not coincidence!!!
Yields are spiking due to a much stronger than expected jobs report.
the same thing happened in 2008 after the Fed started cutting rates.
And then the wheels came off the bus.
Mac10@SuburbanDrone
"Waiting for a pullback before I add. In March 2020 the bond market crashed but the Fed stepped in within a day."
@SuburbanDrone
Bought 3 Nov 96 calls here today at 3.50
Berkshire Hathaway now holds $234.6 BILLION in U.S. Treasury bills — that's more than the Federal Reserve.
https://www.berkshirehathaway.com/qtrly/2ndqtr24.pdf
TLT Golden Cross today! I own the Oct 96 call options
Under Powell, costs have gone up more than 25% during the past 38 months. Costs are still going up far more than target.
Cost of labor is up more than 20%. Cost of energy is up more than 25%. Cost of aluminum and steel and produce and services are up more than 30%. Cost of rent is up more than 30%. Cost of meat is up more than 35%. Cost of insurance is up more than 40%. And all are going higher.
It is not all his fault. The federal governement has added more than $2 trillion per year to the debt and been injecting that into the economy and markets in order to make it look like a boom. They have brought the debt up from $21 trillion in 2019 to over $31.5 trillion as of last year. And now they are adding debt to the taxpayer even faster, with a $3.1 trillion increase to $34.6 trillion in the latest quarter. This is terrible policy that is unsustainable and is going to lead to an enormous collapse.
Bought 4 April 96 calls here last week at 2.01, interest rates have peaked!
KEY REVERSAL!!! 97.15 low! Partially filled the gap now 96.98-97.15 but would not fill the gap completely! Very Bullish Glad I locked in $425K in 5.5% CD's
Since China is still unloading a reported $800b in bonds, I suspect a bullish stance is way too premature.
I know this was from April but… OUTSTANDING!!!
Watch that money market break the $ again before July 26th!
TLT SPX
AI
