The narrative that the stock market is at record highs is incredibly misleading.
The dollar has reached record weakness.
Trading dollars for a share of a company who is expected to return more dollars is remarkable silliness.
A brand new "luxury" buggy costs $15k.
A horse costs a few thousand.
Maintenance and upkeep per year another few thousand.
A new vehicle averages over $50k now.
A horse and buggy is starting to look very enticing.
Pretty confident the government shutdown is the black swan market crash nobody is talking about...yet.
Gov printing injects billions into the economy every day. Trump can get what he wants if the shutdown goes on long enough--which of course is significantly lower rates.
He's been trying since January to control the market and flex more muscle than Powell.
They'll tank the market and try to control the narrative by blaming the Fed for being late on rate cuts once again or Dems for playing politics.
The unorthodox move--something he's built a reputation for this term--would then accelerate the End the Fed movement in lieu of appointing a new chairman.
Lots of smart people in the world still buy cheap industrial chicken covered with fecal particulate matter. How do you explain this?
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