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For only the 3rd time in the last 50 years, commercial bank credit has declined by more than 2%
The other 2 times were the peak of the Dot Com Bubble and the aftermath of the Global Financial Crisis. Source: barchart
Visualizing the Investments of the Ultra-Wealthy
Source: Visual Capitalist
The Greatest Treasury Bear Market in History
Source: BofA, Barchart
He probably has a point ->
"Key measures of inflation have reaccelerated in recent months...The implication for investors is that the Fed will keep rates high until nonfarm payrolls go negative, because that is what is needed to get inflation under control:" Apollo's Slok through Lisa Abramowitz
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