Layoffs, Layoffs, Layoffs with John Rubino #5795
Kerry Lutz and John Rubino discussed the current economic situation, which includes high unemployment, plunging lumber prices, and a shrinking money supply. They also discussed the possibility of a dollar shortage leading to deflation, and the potential for a cascade failure in the economy due to the tightening of monetary conditions. They also discussed the peculiar phenomenon of market crashes taking place during holidays. John Rubino and Kerry Lutz discussed the consequences of Germany's decisions to open their borders and invest in renewable energy, as well as China's Belt and Road Initiative, which is a form of capital flight. They also discussed the potential of Rfk Junior challenging Biden in the upcoming election and the implications of Tucker Carlson's firing from Fox News. More signs of a slowdown: \u2014 Lenders are still tightening lending standards (Capital One, CarMax)\xa0 \u2014 CRE is tanking.\xa0 Vornado Realty Trust stock at 27 year low \u2014 Pending home sales fell for the first time since November lumber prices crashing. \u2014 Layoffs all over the place Lyft, Disney, many more \u2014 Oil prices skid \u2014 M2 Money supply keeps going down \xa0 ECB set to raise rates again in early May.\xa0 \u2014 Rates are already way up. Italy 10 year yield is 4.3% \u2014 Is this a good time to short European stocks?\xa0 Fed meets the same week. What happens if they both tighten? Silver swung to a massive deficit in 2022. Is that the same thing as a "shortage" and does it mean higher prices? RFK Jr is running against Biden, and has pretty good initial poll numbers. How will the Dems react?\xa0 Does the Trump indictment guarantee him the nomination?