“How do you foresee the vagaries of criminals and politicians?”
Danielle DiMartino Booth
(Criminals and politicians - isn’t that redundant?)
"If people lose faith in the bond market...then the amount of money that's going to be looking for an alternative is going to be something that we've never seen before."
Waller’s comments will be disappointing to everyone who naturally assumed prices would revert to pre-pandemic levels.
“Falling pork prices threaten to push China back into deflation”
Love the headline. I see this sort of gaslighting all the time.
Think about how insane this is: Lower pork prices are bad because [𝗲𝗰𝗼𝗻 𝗣𝗵𝗗 𝗴𝗼𝗯𝗯𝗹𝗲𝗱𝘆𝗴𝗼𝗼𝗸].
China may "tip" back into the horror of more affordable food!
Tumbling pork prices could push China back into deflation this week, as the largest listed hog farmers flood the domestic market and complicate Beijing’s efforts to bolster confidence in the world’s second-largest economy…
Economists say the falling cost of pork, with its heavy weighting in China’s official consumer price index, is likely to tip the country back into deflation when October data is released on Thursday. “It looks like [consumer inflation] will turn negative again in October, and the main reason for that looks to have been a decline in food inflation caused by the fall in pork prices,” said Julian Evans-Pritchard, senior China economist at Capital Economics.
A return to deflation — after anaemic growth in August and a flat CPI reading in September — would undercut officials’ efforts to restore confidence in China’s economy, which remains in a fragile state due to weak consumer confidence and a liquidity crisis in the country’s property sector.
Notice the subtle assumptions in this article:
“Deflation” (lower food prices) “would undercut officials’ efforts to restore confidence in China’s economy.”
Therefore, higher food prices must make people confident!
Bill Fleckenstein
“What really matters in my opinion are inflation expectations, and there's no real number - I mean you know some of these surveys ask people about their inflation expectations, but I remember vividly in the late 70s and the early 80s people people believed the inflation rate could not be brought under control, that was a mindset okay - that wasn't a number, and for the last 20 years people have had this notion that we were one step away from deflation, and we really couldn't create inflation. These idiots at the FED talked about not being able to get to their 2% Target, which they made up - it's not a Target in the in Fed's charter, they’ve made it up - so inflation's far easier to create than it is to break once psychology changes, and so what I believe is psychology has changed.”
“The commercial real estate problem for the regional Banks, and some of the insurance companies, is going to be a problem. All these things are problems. They've all been can-kicked, and the reason the problem exists is idiots at the FED took their rate to zero, they did QE - I mean I've been saying this forever. The Fed creates the problem, then they create the massive amount of misallocated capital, then they start to tighten way too late, eventually something breaks, they start easing and everyone treats them like a hero because they bailed out the problem that they created! They are the problem.”
“We would never have $33 trillion in debt in a budget deficit of whatever the number is, between one and a half and two trillion, or wherever it's going to be, if the Fed hadn't for for for the last 25 years just rode to the rescue all the time, and there was never a consequence to being irresponsible other than 2008.”
The Dark Side of Airbnb and Short-Term Rentals with Melody Wright
Melody walks into the lion’s den here. Hartman opens with a rambling statement about something, barely lets Melody talk, and by the time it’s getting good he ends their talk, saying there’s a part 2. Apparently this was recorded a while ago.
Exploring the Interplay of Rental Properties and the Housing Market with Analyst Amy Nixon
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