Mortgage Payments
The U.S average annual mortgage payment is now 35% higher than the mortgage bubble in 2006. The only difference is now in 2022 we have 8.5% inflation and 50x the debt. With the Fed 8% behind the curve battling the monster known as inflation things are about to get wild. $GLD $SLV pic.twitter.com/vqz4Zdj5rD
— Edward Gofsky (@EdwardGofsky) April 15, 2022
Illinois Gets an “F” in Covid Handling
Illinois got an “F” in a new study published by @nberpubs that ranked states’ responses to #COVID19 based on mortality rates and costs due to lockdowns, mandates and school closings.
Illinois ranked 46th. Via @Wirepoints.https://t.co/2758iGp8uY #twill #muniland @GovPritzker pic.twitter.com/xEbjRzIZaB
— Wirepoints (@Wirepoints) April 16, 2022
Bottom in for ARKK?
A great one! BINGO! There is a lot of fog of war developing here especially amongst trading professionals. NO, ARKK doesn’t to bounce here because everyone hates it & some Elliot Wave pattern indicates a strong bounce! Lest we forget that MVIS went to 25 cents… https://t.co/DV6VAKgHLd
— Michael Norinsberg (@Mnorinsberg) April 16, 2022
Understanding the First Amendment
The First Amendment and free speech are not completely overlapping circles in a Venn diagram, but people often mistakenly treat them as synonymous. The error runs both ways. Some think any free speech issue is a 1A issue, while others think only a 1A issue is a free speech issue.
— Justin Amash (@justinamash) April 16, 2022
Word of Warning on Macro Analysis
Between 2014 and 2019
– Fed balance sheet: almost 20% smaller
– S&P500: around 60% higher
Repeat after me:
Dividing things by the Fed’s balance sheet is NOT macro analysis. pic.twitter.com/juyl2Lf9jF
— Alf (@MacroAlf) April 16, 2022
Gab Makes Offer to Elon Musk
https://twitter.com/getongab/status/1514595649186148358
Regarding Elon Musk, a friend of mine accurately commented:
The degree to which there is hysteria by Twitter staff and MSN (watch Joy Reid’s unhinged response) the degree to which they fear free speech. (BTW MSNBS was a joint venture with Bill Gates’ Microsoft — thus the MS).
The most tone-deaf, unaware commentary appeared in the WaPo which denounces a billionaire from owning media companies from the very pages of the paper owned by Jeff Bezos who very definitely uses that paper to push he preferred narrative. It looks like Twitter might be purchased by Disney or Google which is talking to Twitter management which would only serve to concentrate what was supposed to be a public square for opinion into control by corporations that are part of the woke combine to which Musk is reacting.
Take a look at Gab. The CEO has asked Musk to invest in this and take on Twitter.
Forget About a Soft Landing
“I think that is why you are seeing such erratic behavior in the bond market and in the stock market. I think it is because there is so much uncertainty. The idea that any central bank can orchestrate a soft landing is disingenuine… “#Cavutohttps://t.co/DfVoV0HDpC
— Danielle DiMartino Booth (@DiMartinoBooth) April 16, 2022
No Soft Landing Anywhere
Regarding stock and bond market action: “You cannot even call it volatile anymore. You should call it violent. the types of swings we are seeing day to day. That’s because there is so much uncertainty about what the outcome of this is going to be. But I think that anybody who suggests the Fed can engineer a soft landing at this point, that any central bank right now can engineer a soft landing, Europe is going into recession quicker than the United states is. I think it’s just specious, just disingenuous.”
In retrospect, I agree with the sentiment expressed in all of the Tweets with the possible exception of Gab which I have look looked into.
I do agree with the sentiment expressed by my friend.
This is an important issue, especially in regards to the the radical left hypocrisy in which it is OK for Amazon creator Jeff Bezos to control the Washington Post but not OK for Musk to allow more (not less) freedom of thought on Twitter.
Media Thought Control
Mainstream media does not want freedom of thought.
For more on Musk, please see MSNBC “Elon is trying to control how people think. That is our job”
Danielle DiMartino Booth, Michael Norinsberg, and Stanphyl Capital provide the key stock market related thoughts.
Booth gets the blue ribbon for Tweet of the day.
Trucking Recession is Already Here
In related content please see MishTalk TV with the CEO of FreightWaves: Trucking Recession or the Real Deal?
A trucking recession is here says FreightWaves CEO Craig Fuller.
A US and global recession will follow. See the above link for my video interview of Craig Fuller.
This post originated at MishTalk.Com.
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Mish
Joy Reid’s unhinged response) the degree to which they fear free speech.”