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Re: bigworld post# 1498

Saturday, 08/03/2024 6:15:57 PM

Saturday, August 03, 2024 6:15:57 PM

Post# of 1971
Bigworld, Here's an interesting theory on the dramatic change in the narrative on the economy. Over several days, the narrative instantly went from 'dovish soft landing' to a 'scary hard landing'. The timing of this was sudden and dramatic, and seems suspicious.

One explanation for the sudden reversal would be that the Fed / 'powers that be' are sending an unambiguous message to Biden & Co that they better go along with something that is approaching (US Bombs Iran scenario?), or else the Fedsters will tank the stock market and scare the hell out of the voters, thus destroying the Dem's chances in the election.

Ostensibly, the recent economic / unemployment data was responsible for the abrupt change in Wall Street sentiment (along with the deteriorating Middle East situation). But as we know, the data / numbers can easily be cooked to show anything they want, therefore they (powers that be) can tank the markets anytime they want. Remember the 2015 'Flash Crash' that hit the market the week the US Congress was voting on the Audit the Fed legislation? The market mysteriously dropped 1000 points, scaring the hell out of everyone, and Congress promptly watered down the bill.

Anyway, this has a similar feel to it. I follow the main financial articles most every day, and the sudden shift from 'kumbaya' to 'the ship is sinking' was unreal. The UK articles were especially strange, using terms like a US economic 'collapse', when the day before everything was rosy. The whole thing seems fishy imo. (Or maybe I should go back on my meds), lol..



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