Screwflation

While equities have been whacked all week long, commodities hang in there. This is the worst of both worlds. To quote Doug Kass, we are seeing "screwflation".

3 comments:

Anonymous said...

10 year bond yield at 3% and lower implies deflation.  i disagree with kass, we're in deflation across the board with all commodities and stocks down big across the board priced in gold thru QE math.  and  gold will one day fall last like the last alligator in the water pool accelerating deflation priced in dollars as the greenback soars.

Anonymous said...

Surprised market reacted negatively on NFP since was expected and not really relevant since
profits being made in global markets  where demand for commodities still alive.

Anonymous said...

IMO since commodities are hanging in there..the risk on trade will be back soon
nothing else is out there