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Jobs: Massive Revisions And Household Survey Tell The Real Story

Jobs: Massive Revisions And Household Survey Tell The Real Story
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The CPI is Two Months Away From Bottoming Before the Next Leg Up

The Fed is only now seeing the CPI and interest rates converge.

Getting CPI Back to 2% Is a Fantasy

Money Supply is Flashing Red

Money Supply typically flattens at this time of year and then dips lower mid-Summer before picking back up. If Money Supply continues to show negative growth, it is only a matter of time before something else breaks in the economy.

The Fed Books a Loss of $126B in February

The Fed will not send the Treasury a bill to cover its losses. Instead, it will book the losses into a deficit account that will be held until the Fed makes enough money to make up for its losses.

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