Traveler

OH shit, it was true. $TRUF IS BACK

OOPS, stagflationary numbers out of US! US economy expands at 1.6% rate in Q1, trailing all forecasts. Main growth engine – personal spending – rose at a slower-than-forecast 2.5% pace. BUT a closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip.

Just remember - no one wants higher US rates - The Fed nor Yellen, nor the people, and especially not the Japanese, Chinese and South East Asian governments and central banks. Also, no one wants a strong dollar. The only answer is liquidity from the US (and eventually China).

My theory Unemployment pays next to nothing, and layoffs have been concentrated in white collar jobs These people don’t sign up for unemployment because it’s just not worth it claims are now a measure of low wage layoffs A much higher % claimed when the payments were higher

❖ FOR THE FIRST TIME IN NEARLY 2 YEARS, THERE’S NO MAJOR AMERICAN METRO WHERE HOME PRICES ARE FALLING: REDFIN Nationwide, the median sale price rose to a near-record $383,188, up 4.8% year over year. Mortgage rates also continued climbing, with the weekly average hitting its highest level in five months. High prices and rates drove the median monthly housing payment to a record $2,890, up 15% year over year.