Inflation Dishes Out Another Nasty Surprise: All Heck Breaks Loose in UK Services CPI & Core CPI, with Scary Monthly Spikes & Multi-Decade Year-over-Year Highs (chickens coming home to roost after more than a decade of BoE’s deranged money-printing)

via wolfstreet: Food Inflation Raged at 19%. But energy prices plunged. In response, UK government bond yields spiked, pricing in higher BOE policy rates. No one ever seems to expect these nasty surprises that this inflation continues to dish out. …

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John P. Hussman: ‘Why do cash reserves, not new loans, dominate the increase in M2 over the past decade? Why were banks enticed into accumulating Treasury securities that have led to massive balance sheet losses?’

Why do banks have $8 trillion in uninsured deposits? Why do cash reserves, not new loans, dominate the increase in M2 over the past decade? Why were banks enticed into accumulating Treasury securities that have led to massive balance sheet …

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Experts Predict A Decade of Stagflation

by Charles Hugh-Smith Our reliance on the endless expansion of credit, leverage and credit-asset bubbles will have its own high cost. The Great Moderation of low inflation and soaring assets has ended. Welcome to the death by a thousand cuts of stagflation. It was …

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