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This is gonna be a bit tongue in cheek here but, is it just me or has the FED been talking damn near everyday all day for the past 2-3 weeks? Some days, all day long!
It looks like we are going to be graced by their presence again next week. William held markets hostage between 10-11am est this morning. I quote " sees a significant drop in inflation on the way". If some youtuber was to come out and promise all these things and effect peoples 401ks and such he/she would be fined an absurd amount, but the FED can come out on a daily basis and say these things?
I understand they are trying to be transparent but I would love to see some sort of graph/data showing when they speak what actually happens to the markets and the amount of money that's been lost ( FYI I haven't lost money so don't say thats why im B*tching lol ).
Besides the current state of the economy/rates is something else going on? I've been trading for years and it seems like this year has been bombarded by the FED more then usual. Maybe I'm paying more attention then I have in the past but it seems a bit absurd we need to hear from these people this often.
I'm not a Biden fan but we hear more from our FED members then the President. What we are hearing 9/10 times is there opinions not facts or what has been done. IDK about everyone else but people who control policy like that should stick to the facts, no one cares about where you came from and how you're gonna use that to make a change. The FEDs position is not to be political.
Thats my karen/kyle rant for the day,
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Since 2008 interest rates have been artificially low. These low rates have inflated the stock market to ridiculous valuations.
Last year and this year, inflation got out of control. The Fed had to raise interest rates to bring down the inflation. Higher rates hurt the stock market.
Historically the Fed funds rate has been ~4.6%. Since 2008 it has averaged 0.7%. In the current cycle of rate increases, the rate is currently around 3-3.25% and expected to go up at least another 0.75% in November, plus more next year. We are have not yet reached the historical average Fed funds rate.
Fed speakers are trying to be clear in signaling this, and investors need to understand that asset values cannot be sustained. The stock market has to come down. Probably significantly more than it already has.
The constant chatter from Fed members seems part of the strategy. And while that strategy is in place, the markets are volatile. It's a fantastic environment for traders.
So yeah, bring on the Fed speakers! I'm short everything.
Massive Central Bank Ponzi Creates Permanent Distortion – Nomi Prins
Prins goes on to say, “We are not retiring $30 trillion in U.S. debt. We are not retiring $287 trillion in debt around the world. That is not happening. . . . Yes, there are indications we could have a massive crash, but to me . . . I think there is a treadmill that is spinning here that is going to keep spinning instead of completely crashing. That’s why I think there is going to be a lot of mini crashes, followed by mini rallies along the way. I don’t think we are in a period, which is why I call this a permanent distortion, where there is going to be a backing off of all the money that is being created. . . . I don’t see one massive crash. I see massive turbulence, which is this permanent distortion. . . .I don’t see an end point unless there is an external factor. . . .There are things that are coupled with the instability we have in the markets relative to this money being printed . . . and if they come at the same time, yes, we could have a massive crash, we absolutely could.”
