Inflation’s Collapse

[errolanderson]

Global economies clearly recessionary. Triggering commodity price meltdown . . . now in-progress.

Gold to crude oil to copper to lumber, even veg oils. Global urea prices appear now in-decline. Clear peak in inflation (in my view). Housing is a sitting duck as so-called housing shortage turns into a surplus likely in 2nd half of 2022.

Fed may be double thinking their 3/4% rate hike chatter talked about for May . . . .

Gov't policy and economies now in-a-skid . . . .

[sumdumguy]

Bank of Canada warning of 200 basis point rise in interest rates this month. That’ll be a big Whammy.

[errolanderson]

Bank of Canada warning of 200 basis point rise in interest rates this month. That’ll be a big Whammy.

Central bank policy is quite lost right now . . . Out-of-step with markets and reality.

[fjlip]

WEF plan right on track ...RUIN the economies...Interest will nail coffin shut.

[Hamloc]

Central bank policy is quite lost right now . . . Out-of-step with markets and reality.

Henry Hub natural gas price is up to $8.33 USD today. Inflation is alive and well!

[errolanderson]

Gold appears to be in the midst of a $200 per oz meltdown. Recent highs of $1,975 per oz on the June contract tested $1,830 per oz today. Major chart support seen @ $1,775 per oz. This is a major signal that inflationary pressures have now peaked . . . .

[wheatking16]

I like Errol's assessment.

Here are some charts for consideration.

10 Year T-Note Futures catching a bounce at a historical key level.




The 20+ Year Treasury Bond/S&P500 ratio represented by TLT/SPY is looking interesting as well.

Perhaps, the smart money is moving to Bonds?

Take a look at what happened following the break of the blue trendline in Feb 2020.

Consider the length of this current trendline in relation to the blue Feb 2020 one.

This party could just be getting started.

[errolanderson]

Will Elon Musk go from the richest man in the world to nearly bankrupt? The fallout has definitely begun . . .

[jazz]

He and his brother sold $40B of stock last fall during the tesla mania. He will be ok.

But Tesla wont. Its a zero potentially but likely to be pieced off and bought by the big 3.

EVs are uneconomical at the best of times, with higher rates commodity shortages and spiking prices and supply chain chaos, they are a money sucker.

But errol, CPI print will be double digits next month. Havent seen the real food and energy inflation yet.

[Taiga]

Elon has put Twitter purchase on hold supposedly over the number of fake accounts, but I wonder if it is just an excuse in order to get out of the deal?

[shtferbrains]

He and his brother sold $40B of stock last fall during the tesla mania. He will be ok.

But Tesla wont. Its a zero potentially but likely to be pieced off and bought by the big 3.

EVs are uneconomical at the best of times, with higher rates commodity shortages and spiking prices and supply chain chaos, they are a money sucker.

But errol, CPI print will be double digits next month. Havent seen the real food and energy inflation yet.

Wage inflation is just ramping up.

Diesel record high and rocketing.

Higher intrest rate commitments.

More graft than ever before.

I don't know what you call it, but it's going to be a dirty one.

[jazz]

Elon has put Twitter purchase on hold supposedly over the number of fake accounts, but I wonder if it is just an excuse in order to get out of the deal?

Deep state started a short attack on Tesla.

[beaverdam]

Elon has put Twitter purchase on hold supposedly over the number of fake accounts, but I wonder if it is just an excuse in order to get out of the deal?

Twitter claimed 5% or less, were fake accounts.

If it turns out that 20-25 or 30% are fake, Elon won't have to pay the full amount.

Elon, not gonna pay for fake accounts.

What if it turns out that 50% of Twitter accounts are fake/bots?

[beaverdam]

Here's an article addressing just what I'd mentioned about fake accounts and bot accounts.

Advertisers may sue, due to the fraudulent numbers Twitter had stated to them.

https://www.breitbart.com/economy/2022/05/13/carney-elon-musk/

[jazz]

The fact that the fed has been so tepid on raising interest rates leads me to believe inflation will be coming down and they know it.

Consumer has cut back big time.