Inflation

Anyone watch windbag powell today? Same ole speech, whole lotta nothin.

 

For me he said little, but his tone and words came across very strong. I think he's going full Volcker (i doubted he would), so it's now up to the stupidity of the market to determine how high rates go.
If people keep leveraging up on stocks, housing etc.. then rates will keep going up until they stop. So keep hiking until it breaks, just as Joseph Wang has been saying.

So in short it's a game of chicken, who will turn first the FED or the market.

 

Its not what he says that affects the markets. Its they way he says it.

 

Apart from Poppa Powell's dribbling and everyone including governments following his actions with reactions...I'm speculating that no one's buying the fear just yet? To much ongoing pain with a pivot to far off in the distance, it's a fine line between how far to push.

 

They could tell sheeple that a mask will protect them from the crash and they would be double masking alone in their cars again.

I dont have hope for most idiots after the last two years tho. Most are probably just gonna be screwed.

 

I dont mean to sound so brash but this really gets to me.
Ive been preaching to everyone i know from the rooftops that this was coming and no one would listen.

Ive been walking my mom of 71 through this crash while she watches her savings and retirement evaporate before her eyes and the best she can say is that "at least she wont have to pay as much taxes next year".
I tell her that IS NOT an investment strategy and successful investors dont do that.
She will only listen to her broker since he went to college and im just a dumb asphalt worker it feels like.
She refuses to buy even one ounce of gold and she thinks im crazy for all these years of stacking and saving outside the banks.

She says it will be "interesting to see what happens" but it will be more than that. Much much more than that.

Ive sent her articles and videos for years and years and even the basic elementary videos from Mike Maloney that even a 3rd grade child can understand, she doesnt care.

Her generation was the "buy and holders" of the stock market and everything they are invested in depends on that and she believes it. It always goes up.

She says she doesnt understand economics and i tell her its not complex, its 3rd grade math.
When i talk about Bidens spending she gets defensive and thinks im bashing her man.
Then she goes on about maga republicans and how they might be terrorists and gets all political on me when she knows i hate all those fuckers with a passion, left right and whatever they claim to be.

So....damn....frustrating!

 

It matters not the age or even the education or generation of some people tho must say older generations typically have much more commonsense then my generation and far more then whatever the hell is happening with the "non binary" products of society today. Try as we might to help, to enlighten to wake people up some are content and safe within their bubbles and stubbornly refuse to see any alternative, it's def frustrating and can turn awkward...in their eyes I see an image of a tinfoil hat which I accept proudly as a crown haha we can only do what we can mate

 

If she is going to live another couple of years, she (JohnnyBravo's mum) is much better off with stocks. As she was over the last 10 years plus.

 

What if the massive head and shoulders plays out with the major indices on the monthly.
People think the little one we are in now is bad.
Dow 6000 would ruin alot of lives.

Theres only an 85 percent chance if it forms that last shoulder i guess. Its not a certainty

 

Like to have both the environment were in seems to be ensuring we have enough time to buy both at good prices

 

Now you’re sounding more like Hayek again. I like it.