Now imagine you sell mortgages. Or luxury residential real estate.

Then, and only then, when the world is normalized, can the beatings end.

Take a picture, you may never see anything so obviously about to happen ever again. A child could have foreseen it.

July CPI and the reaction of the markets

Most of the blame goes to those at the top of the list…

I don’t know how and when this all translates into CPI or PCE inflation stats in the coming months, I just know that it will.

The latest

Pending home sales fall for the sixth consecutive month.

Unemployment will remain low, I would guess, but the layoffs that are starting will impact hiring manager mentality.

Bonds. Are they bottoming?