... mortgages are running at 7.2% ... LEI has been down since Feb and housing showing signs of stress ... but OracleWorld and MoneyShow going back to back, fall is really pleasant in Vegas ...!
Thursday, October 20, 2022
Liz Truss stepping down ...
On her election, some compared her to Margret Thacher, but the flip flopping on policies turned her tenure really short ... bottom-line, good times are over and hard times are in future... around the world... like it or not ... call it flip flopping, but they are not many choices left besides raising interests
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fed left the rates unchanged
2 yr rates drop slightly to catch up further explained by the chief that market has moved ahead raising rates and not waiting for fed action...
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Gold reaches all time high indicating inflation in future; so why are we expecting Fed to cut rates ..?
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GDP & Nuclear warheads of various nations : Russia 2.714T 5,500 India 3.9T 180 China 18.74T ...
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Market is expecting and is addicted to rate cuts .. despite the fact that unemployment % is only 4.3% ..! moreover, both stocks and gold is ...
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