We will just have to wait and see what the Powell says on...

We will just have to wait and see what the Powell says on Thursday. It is getting pretty hard to ignore that inflation is going up, not down.

Any idiot can see that if wages keep growing at 5%, no way is inflation going to 2% unless something really bad happens to cause massive job losses - and that's unlikely because of the election.

If Powell continues to say rate cuts are coming, (when we all know he should be hiking rates), then we know the "Let's pretend everything is rosy" Biden scam is continuing.

The quote below is from the latest US Bureau of Labor Statistics report. This and the wage growth chart below show that wages in the US are increasing 1.4% above inflation. This chart also shows that the only thing that stops spiraling wages and inflation is a recession.

The costs of doing business is going up and up (due to inflation and pay increases) and company earnings are continuing to go down. 30% of US companies are now zombies - meaning their income no longer pays the interest on what they owe - and the market continues to skew toward the AI-scam companies that have no real AI business plan whatsoever. And then we have to factor in all the money lost in the CRE crisis and the crashed property ponzi scheme in China. Phew! => Recipe for disaster!

Bureau of Labor Statistics - March 12, 2024:
"From February 2023 to February 2024, real average hourly earnings increased 1.4 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.3 percent in the average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period."