JUSA - Stocks Wince Because The Stagflation Party Has Arrived

• The past week has been a story of stagflation infecting the US economy while the stock market grimaces as the Fed expresses the need to start a gradual pullout from economic stimulus much sooner or face a rapid pullout a little later.
• Rapid inflation pounds away at the producer side in the form of high wage increases creating the certainty of surging inflation on the consumer side, pressing the Fed increasingly hard to curtail its loose and easy economic sluttery sooner than later, even as its jobs goal forces it to hang loose longer in spite of rapidly rising wages.
• Meanwhile, last week, we experienced our first trillion-dollar reverse repo operation as the proof of how loose the Fed has been.

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