I’m often regaled with comments such as “you just said this Fly — and now you’re saying that! How dare you!” Whilst the sum total of what you’re trying to say, at least on the surface, makes sense. After all, how could a person who proclaims himself in the highest esteem be so changeable? You think that any person with an iota of integrity in what he believes in would be obstinate and more robust in his convictions.
But I am not such a man as this.
I am merely a weathervane in the big scheme of things — a person who is swayed easily with market whims and bases his decisions on real time information and not news that is stale and dated — a flippe flopper if you will.
For example.
The day before last I was bullish and in “excellent health” in both mind and spirit. And then the inflation data came out and I changed my mind. Now why in bloody hell would I do that? But the real question is this: If you need me to explain this to you, you, Sir, aren’t in the lease capable of managing your own money and should cease trying to do so at once.
I want you to take a gander at this chart I am about to post and look at the trend and tell me where it’s going next.
Before we gameplan the potential bullish scenarios for the market, let’s see what Larry Summers has to say about all this. I know it’s Lawrence Fucking Summers, liberal POS. But he is also known for speaking his mind when it comes to economics and really, when it comes down to it, knows more about this stuff than 99.9% of people walking around in these halls.
.@LHSummers: "The Fed can stop inflation. But whether it can stop inflation with a soft landing, without impacts on economic activity, that's been very much I doubt from the beginning."
Watch "Wall Street Week," airing Fridays at 6 pm ET https://t.co/rPy5CZW3Yj pic.twitter.com/uk7RCATrXG
— Bloomberg (@business) February 24, 2023
To summarize:
“We do not have historical examples of when unemployment is below 4% and the inflation is above 4%.”
In other words, if we were to have a soft landing — it would be unprecedented. There isn’t a base case for NOT barreling into recession. You understand, prole? Hard landing means zero bid trading and worse than expected economic data and unemployment. This will establish fear into markets and fear means we trade lower.
My entire bull case was predicated on the idea of a pivot, amazing soft landing, and homosexual giraffes serving iced cream outside of the White House for all of its visitors.
The current bull case is the next CPI number will come in softer than expected, led by a sudden collapse in commodity prices and/or substantial gains in Ukraine by NATO.
Can we trade up on Monday?
NO.
Good day.
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Federal Reserve is a criminal organization that is engaged is market manipulation under the guise of making it all okay. They should be abolished. Boom Bust Boom Bust is all their good for these days.
The US paid out $800B in vig last year. The debt of course is a rolling situation – so the interest paid will only be higher by end of 2023, trillions perhaps. 40% of our debt is held by foreign institutions – default is not an option. The US Treasury is now borrowing at soon to be 5%. This is how countries debt goes parabolic. What other choice does the Fed have but to blow it all up? And by “all” I mean the US economy. They have to get interest rates down and to STAY DOWN and the only way they can do that is by creating higher levels of unemployment, lower asset valuations, and hardship. And if they choose to pivot too soon, inflation comes roaring back in 2024 on the back of easy money policy and tight supply side problems across commodities/energy – and the Fed says deal with it. Nightmarish scenario with no good options. 2 certainties will be more war and higher Gold prices over the next decade. Sleep tight.
While our insane leaders continue to make war after war after war, and now that our insane POS leadoors have brought the #1 & 2 nuclear super powers Russia & China together, so we can take them on in an epic tag team to be featured on Pay per View – the USA & Europe vs Russia & China – in a never seen before on Earth depopulation event, the Fed cannot currently kill inflation without killing the economy.
You cannot spend trillions upon trillions for death, destruction & elimination, while sanctioning countries #1 in resources and an economic superpower, without fanning the flames of inflation like never before.
Since the Covid psyops as a major depopulation event failed, they are going for the nuclear depopulation event and the peoples are being sleepwalked into the abyss.