"What this package will do is lower some of the most important costs, what they pay for health care, for child care. We are taking the inflation already created (printed) by the Federal Reserve, which added more monetary units per finite assets, services, basic goods and human resources and we have selected within that our favored areas for benefit."Then you see, we are able to tout the wonderful things we are doing for specific beneficiaries while the inevitable tax is shoved (cost-pushed) into the general economy and the population at large pays the price of this beneficial action to specific areas. So come to think of it, let me just say that we are sweeping inflation under the rug here and delivering it there."It's really a zero sum game but WTF do you want me to say publicly? Okay, we're all screwed and the Fed is putting itself in a box; a dangerously small box."
- Anticipated the 'summer cool down' as inflation expectations ramped too high too fast in the spring (as the Continuum dinged 2.5% on the 30yr yield).
- Anticipated a return of the inflation trades after said 'cool down' cooled things down (as the Continuum formed a roughly symmetrical right side shoulder to the left side).
- And here we are with a theoretical Inverted Head & Shoulders pattern in the making that would set the yield up for a test of the EMA 100 and/or 120 (red lines), which have limited all such inflationary phases over several decades. But we are also at a new and much more abrupt cool down point.