Why?
"For all the talk of the world being on the verge of nuclear war courtesy of the dementia patient in the White House, a real life financial nuke just went off at 8:30am when the BLS reported a shocking CPI print so unexpectedly hot ( a 2.9-sigma upside surprise to consensus), that even the bears were shocked. The result was... well, an absolute disaster doesn't even begin to cut it."
What is more shocking to me is that the numbers aren't coming in skewed or COMPLETLY made up. With the UN, and other central banks begging the Federal Reserve to stop hiking interest rates it seems pretty baked into the cake. I myself SHOULD be dumping into USD but fortunately I do not have to. #BTC, #GOLD, pretty much everything is getting smacked down.
So here's a definition of Deflation. The only problem is that the central banks are now completely stuck. We were wondering about this situation for a long time. To me it seems we are going to war almost 99% now. Very scary times ahead. If there's not fixing stupid, you go to war. We aren't going to control inflation when it's surging, meanwhile banks cannot even raise a few basis points more. It's coming down folks and many of us knew it back in 2008. Reality is a bitch and mathematics are baked into reality. Raise 19%-20% the whole things crashes in 1 day. Raise incrementally slow destruction like the titanic sinking (today).
The biggest punk is that we know around 4% the United States can't even survice their own debt. It's looking more and more the situation will be a slow burn of the market until total capitulation. Then mwhen major banks completely fail we will get our bailout but it will be too late. The banks will of course walk away unscathed as usual.