Does it really matter at this point? The market hasn’t been an accurate portrayal of the economy since 2001, if we’re being honest. All crises are papered over and when that doesn’t work, the numbers are rigged.
Crude build +5.5MM
SPR drain -5.3MM pic.twitter.com/mfXEqpQ3wZ
— zerohedge (@zerohedge) August 10, 2022
This is the final salvo of PAX AMERICANA. Desperate times calls for desperate measures. Hence the government is doubling the size of the IRS to collect more of your money.
The government is poor; but the people are very rich. The net result of a globalized hegemony has created an Uber upper class in America with wealth beyond anyone’s comprehension. These people aren’t going quietly into the dark and they’d prefer to kill you before letting it all end with a wimper.
The euro is flying +1.3% vs the dollar. Oil is crushed lower thanks to rigged numbers above. And SAAS is now +11% for August. Presciently the Stocklabs quant rotated out of oils and into healthcare and tech. The net result is +2.5% for the month vs would have been down 3-5% for oils.
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