Today's de facto Idiocracy mistook exploding poverty as a buying opportunity...
The abysmal April jobless report, was taken as a sign to go ALL IN:
Inventories finally caught up with retailers this week, as they all imploded with extreme dislocation. Which was of course the latest reason to buy Amazon:
10 year Treasury yields (black) with deflation ETF (red)
CPI with Fed Funds rate
2008 versus now:
Deflation with oil:
ConnedSumer Sentiment (red) ticked higher last month, because it's 100% tied to Real Estate (black):
The Emperor has no recovery
Corporate profits are going back to 1975:
Yes, we must...