Wednesday , May 8 2024

US Rates

Summary:
Biden people still 3.5% above their “inflation!” target….Data last week indicated US inflation over the last six months likely returned to the Fed’s 2% target on an annualized basis. Figures out Friday are poised to make the achievement official https://t.co/CAVTfVK2EA— Bloomberg Economics (@economics) December 21, 2023 And circling the toilet bowl:CNBC: "Americans are giving President Biden TERRIBLE approval numbers — no matter how you look at it."Overall: 35%Economy: 33%Foreign Policy: 29% pic.twitter.com/9rwiHA93C1— RNC Research (@RNCResearch) December 19, 2023 Monetarism….. 🤔

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Biden people still 3.5% above their “inflation!” target….


And circling the toilet bowl:




Monetarism….. 🤔








Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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