Shrinkflation – Real Inflation Much Higher Than Reported

One week after the Fed found that all 33 US major banks have passed the stress test and would survive even a surge in the VIX to 70, moments ago the Fed released the details of the second part of the stress test - the capital distribution to shareholders - where as expected, it also had no complaints to any bank's capital plans except to advise Capital One, the troubled credit card lender with the rising bad loan problem, to resubmit its plan.
""Spot WTI oil prices at $43/bbl are now back to November pre-OPEC deal levels, down from $52/bbl just a month ago and vs. our prior 3-mo $55/bbl forecast. How did it go so wrong?
- Goldman Sachs
Goldman has done it again.
More crappy data and every central banker in the world turning hawkish... BTFD you idiots!!
As we noted earlier... there's only one thing standing...