MikeCristo8: The Inflation Genie is Now out of the Bottle

MikeCristo8@MikeCristo8 The inflation genie is now out of the bottle, inflation is now going to 9-10% against a rigged CPI. Powell wants to save the stock market,  But what he really did was push real rates on new U.S. Treasury bond issuance to >7% Plus the U.S. Treasury has to roll over $4 Trillion maturing debt this month at rates sure to go past 6-7%. The Bank of Japan is NOT going to print to buy $4 Trillion of UST’s We are entering a Minsky moment Bond investors (foreign holders) are likely to demand payment which will exacerbate the *real…