Inflation has been a disaster for millions of Americans. As inflation grows (highest in 40 years), fears of recession are jolting markets.
The Dow today is down 2%.
Then again, Europe is down even more.
My favorite chart for explaining the surge in inflation is M1 Money Stock around the Covid outbreak in early 2020. Which has NOT been removed.
The US Treasury 10Y-2Y yield curve just inverted.
No, this is not a real ECB currency, but it might as well be.