Hi readers
Well we saw the CPI numbers come out on Friday and its obviously no way of hiding the truth now that inflation is out of control.
It doesn't matter what spin the the FED, government or the media spin on it, its simply out of control and they are trying to hold it down by manipulating the accommodation part of the CPI where no rents have gone up 4.5%. Every portal in the US has clearly stated that rents are up 15-20% but the agency has put out rents are up just 4.5% annually.
So until that catches up I'm pretty sure inflation will keep rising. Also the Astrology is showing higher inflation rates so I don't see it stopping for a while.
So while the market is starting to realize that the FED won't be around to support the market Friday saw good selling across all sectors of the market.
There was no protection anywhere, when the market falls like that you tend to see bonds hold up, but they also took a hit. The only area which traded higher was the commodities.( Corn and Wheat)
One part of the market which put the fear of god into the financial market was the MBS market. A market has a bid and offer, buyer and a seller.What happen on Friday no bids for MBS's after 20 minutes when bids arrived they wanted premium prices, bid spreads way beyond an orderly market.
What that exposed was that the FED isn't buying and is prepared to let the market fall away at the expense of fighting inflation. So lets see what happens on Monday and Tuesday as the market now has a FED which isn't going to backstop stocks while inflation is at 8%.
I've said it before the FED is exporting inflation around the world so regardless of where you are in the world inflation demon is coming and what your going through now is nothing to whats ahead. Governments don't care even tho they are the main cause of the problem. Worldwide governments tax revenue will rise with inflation.I've said it before the one thing governments fear is there own people rebelling again them and this is starting to happen in the western world.
This Bullshit about Climate change is forcing people into desperation.
https://www.youtube.com/watch?v=WE0zHZPQJzA
While many of you will disagree I put a link up for you to look at the truth of whats really going on. Yes we can become self sustainable in the future but not know, people are suffering and governments only worry about impressing the uneducated influencers who can influence the naive public.
Prices at the moment for commodities are tame compared to whats coming and I think its wise to prepare for a serious hike in grocery costs moving forward.
As always use the above as an indicator to your own work.
Ask your financial advisor on the above.
I am a financial astrologer , not a financial advisor.
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