painamajorpain (@amajorpain)

the following from Daniel Lacalle. Mr. Lacalle is dead wrong. You can say interest rates should be lower if you like, unfortunately rates will skyrocket due to market conditions, which will be great for savers, but too little and too late. Even now, We personally refuse to consider investing (buying us bonds) in this wretched stank gubment. Some, however, cannot see the writing on the wall, thinking this is just a blip on the radar. Eventually some will come round and then more and more. As bond buyers dwindle rates will rise to attract buyers. ''IT'S A DEBT SPIRAL!!!!!!!'' Additionally Mr. Lacalle thinks the trumpeter is doing great, but of course the few things on which trumpeter has hit the nail, he forgets the other times, outnumbering the good, trumpeter not only missed the nail but lost grip of the hammer and hit that slobbering fella in the head. Oh. Stop looking at the gubment data. The #queers make those numbers up to tickle their own fancy. ---------------------------------------------------------------------------------------------- ''The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June data show that inflation is slowing down, especially in the core CPI measure that is most closely watched by monetary authorities, while ongoing tightening is stopping the labor market from reaching its full potential.''