This Stagflation Has FAANGs - John Rubino

Financial Survival Network, Released on 5/2/22

Stagflation is here: GDP is shrinking while prices continue to rise.Fed has no choice but to keep raising rates and stocks are responding normally to this, by tanking (Friday was brutal). The FAANG stocks in particular have stopped propping up the market. They led the market up and now they're leading it down. The sign of a true leader.Housing affordability is at the worst level ever. Higher rates and higher prices must cause the housing market to slow down.The recession is already here. The understating of the inflation rate has hidden real negative GDP growth over the past 2-3 quarters.US government responds to Musk buying Twitter by launching a Ministry of Truth - housed in Homeland Security and run by a cartoon villain.Russia/Ukraine war is settling into a quagmire AND getting even more dangerous as Nato sends more weapons. This is clearly a Nato operation to weaken Russia.But it might backfire on the dollar.

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

economy, markets, stagflation

This Stagflation Has FAANGs - John Rubino added by Herman James on 05/01/2022View all posts by Herman James ?+'

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