An unhinged rant on all things great and small
FED handed the market everything they wanted to hear.. Yes the inflation problem is more ingrained and we have to watch carefully. yes we will likely have to extend the time period for adding rate hikes but don't you worry, it will be in tiny little increments of 1/4 point. Watch the PPI and CPI in round two. Not only inflation but spending. It is going to be hot hot hot. Will eventually force wall street and by extension the Fed to raise more aggressively, force the dollar way back up and 10 year yield will spike. but that takes time. All within first 3 months of 2023.
But the real damage will not be anticipated or seen till it happens. FTX and crypto was created by lobbying millions to politicians and as a result no oversight, no accounting rules, no nothing! The wild west continues. It was just an honest mistake by an overnight billionaire. The quickness of rate hikes already is about to catch some major players overextended. Just as Crypto was a disaster waiting to happen so too is this new era of inflation. we now know it is no flash in the pan as wages have finally caught up. Housing will once again find ways to extend the debt and lax safety concerns. The landmark Roe will step aside when the next two are announced this coming year. Making way for states to overturn the will of the people, restrict minorities voting access, and essentially make trumps illegal attempt at a coup legal. The Supreme Court no longer cares about impropriety or bias illegal decisions. They have an agenda as clearly as the GOP's. Unlike politicians they answer to nobody.
if I presented correctly the past 5 years of events in say 2018 all would dismiss it as mass hysteria, disgruntled Democrat. All would say it is impossible and not worthy of discussion. TODAY it is being lauded as a great change in society. There was no dramatic single moment or occurrence that switched our behavior. As stark as the political reality is today we are going thru the same in the economy. We are immune to billions being stolen in a strange new currency that isn't currency. The mortgage debacle that shook the world had come and gone in the blink of an eye. We now marginalize any abhorrent situation and twist it as just a nuisance.
Imagine a coup attempt by a narcissistic President that captured the imagination of his party and full endorsement even as they were fleeing for their very lives. Now imagine them attacking the very foundation of law and order by punishing those that didn't look the other way. The masterful completion of this madness is that now the Supreme Court is so corrupted with no guard rails they have let fly lawlessness and placed it under the umbrella of LEGAL.
Everything I presented is the truth and nothing but the truth. We the people have accepted these changes as easily as Germany accepted Hitler. There is no emotional growth or never again moment. History repeats and for a good reason. Give them what they want and complacency results. If you can't give them everything give them a scapegoat to place blame. Make their choice on who to attack an easy one. Conscription during Civil War resulted in a riot in NYC. They initially decided to attack the very wealthy. That quickly failed and they quenched their hate and anger by hanging free blacks on lamp posts. Problem solved.
History consists of those that understand how to gain and keep power. How to divert blame by using our own fears against us. But most importantly how to vent our anger against those we fear and be rewarded for it. RISE and REPEAT!
The Great Depression wasn't a coincidence of economic greed, hedonistic tendencies and political corruption. They are all connected, one and the same. The monumental disbandment of our Republic today is met with a yawn and encouragement by the people it intends to punish. ALL arguments that we are venturing into a new Bull Cycle must also accept this new political situation as a happy conclusion. Finally getting the (Conservative) policies of hate divisiveness and white supremacy. IRAN begged for this same solution. They got EXATLY what they wished for. As long as you are on the beneficial side of the equation you can relax. Who cares what it takes to stay on the right side. Sound familiar to anyone living in USA?
We will not see anything like the past 40 years for another 200 years. I can post my dire warnings some 6 to 7 years ago and while then it was laughed at and dismissed as a deranged clown these same individuals will look at it NOW and say there is nothing wrong with the path we took. Like arguing the merits of getting rid of the Jew as a plague upon us and being horrified by the thought BUT once the exterminations occur justifying it as a moral imperative for our race.
Just a matter of a minor correction in our perspective. that's the stock market today.
AI
