Piousbox

I haven't followed this in a while, I don't have alerts set up for this - but as a reminder, the yield curve has un-inverted, and has stayed uninverted for some days. We usually see "official" "recessions" when this happens: not when the yield curve inverts, but when it uninverts, or shortly after.

Authored by Charles Hugh Smith via OfTwoMinds blog,

Did wages rise 10-fold to match the 10-fold rise in the cost of a modest house? No. That is social recession in a nutshell.

From Zerohedge.

Well, it's official: Powell came, saw, and unlike two years ago when, with with CPI rising almost double digits the uber-hawkish Fed chair warned of "pain" to come, this time he couldn't be more dovish.

Authored by John Rubino via Substack,

Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars.

Via Zerohedge.

When stocks are ejected from market-cap-weighted indexes, swooping in to load up on them -- and hold on to them -- can pay off nicely, according to a new paper from Newport Beach, California-based Research Affiliates LLC.