The FED broke this.

Change in markets happens all the time, but how quickly things change can be the killer.


Now the news today is Oct 2nd 2022
- FED planning an emergency meeting on Monday, tomorrow.
- UK Gilt market blew up last week.
- BOE printing money to cover bond market losses, while hiking rates.
- European banking crisis news grows.

The US economy is 65% consumer spending, the largest asset the majority of consumer own is a house, the cost of money to borrow to buy a house has exploded. Seriously what do you (the FED) expect to happen next!

Sure fight inflation, over time, but not by next week.

The leveraged will blow up. This news has just started (with UK Bond market).

Watching and waiting.

Original Post: https://ift.tt/NO2rab7