Another quick update. there is nothing new to say. I wouldn't want to own anything here. There is something bad brewing. you can't (shouldn't) keep a bad system afloat forever. The FED continues to supply money to the banks. Something is broken, or the fed wouldn't be simultaneously selling bonds while also purchasing them. They are also buying banks bad commercial loans (this is another bailout you're not being told about). There is so much bad underwater collateral in the system ...
A quick post. That was a big fun rally. Now, let's get serious. Why would you want to buy anything here? 😕 if your answer is "rates are coming down," - you had better hope not. That would be admitting they screwed up, and there is something broken. Truth is something(s) are broken. But Powell still CAN NOT cut rates. Inflation would soar. I've already explained why and I won't go into it again. Now, when these markets fall and disinflation sets in, he can (but shouldn't) and will lo...
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