excellent post. I can agree the market is definitely overvalued, personally looking for a reversal 5800/5900 and a retest of 5000. Bold thing to say given the Animal spirits but we shall see.
What about all the jobs, industry, investment, factories that were flooding back to the US by the TRILLIONS?.......that the administration was bragging about?
You can say that there was a negative overreaction to the tariffs, but what about overreaction on the positive side?
As hindsight is ALWAYS 20/20, it would appear that the tariff fiasco was just that......a fiasco......that will result in one thing......HIGHER PRICES......for everyone.
Is it too far to imagine the whole tariff thing was a scheme by more than one government to stir the pot of shit, called the economy, so prices could be raised, and blame could be shuffled from one government to another? I bet the average Chinese citizen is just as mad at Chump as the average American is made at Xi.
Is it too much to imagine that stonks were intentionally run down with the tariff narrative, so they could be bought at lower prices, and then pumped higher simply by saying, "No tariffs! We were just joking." Think of all the "funding" that resulted......for those in the know.......you know, like pension funds and other investment pools that depend on ever rising prices.
It baffles the mind how people cannot connect the dots between higher stonk prices.....and higher goods prices. Do stonks go higher without more money flowing into corporate coffers? So the corporate boys have two ways to increase the flow of money into their coffers. 1. Sell more widgets. 2. Raise the prices on widgets.
On a per unit basis, I see the economy as topped out, hitting a wall. So that takes away option 1. and leaves option 2.
You want to talk about a massive "transfer of wealth"? You saw it in the outcome of the coronahoax, and now you are seeing it with this tariff bullshit.
The big lie is that they are "fighting" inflation. BULLSHIT! They are doing everything they can to create inflation to support that massive debt bubble they are trying to keep from imploding. We live in a day and age where after 6 months of the latest iPhone release, the mobile companies are giving them away as promotions........but I am supposed to believe there is a toilet paper shortage? Egg shortage? My ass!
The final play on raising inflation will be when they "cut rates" to "stimulate" the economy.
We were fools to ever think Chump was going to agree to be the sitting president during a recession......that he couldn't blame on someone else. His ego would never abide it. They are going to pump this thing to the moon. The tariff shit show was Act 1. Buckle up......and "buy the fucking dip."
The goal here is to sell fewer units at much higher prices. That will reduce the energy consumption and keep the dollars flowing to make the debt payments.
All the while being forced to put your money in their casino called a "stonk market".......or risk missing the inflation induced, government manipulated run and falling behind forever in the race to "be rich."
P.S. Look at the announcement out today about Chump cutting cost of prescription drugs. So when I walk into the drug store and buy some drugs, I am going to pay less, right? No, no I am not. Because I am not on a government healthcare plan, and I am not on Medicare or Medicade.
That "EO" is geared at reducing the cost to government.......not the average citizen. It is going to raise the prices on everyone else.
excellent post. I can agree the market is definitely overvalued, personally looking for a reversal 5800/5900 and a retest of 5000. Bold thing to say given the Animal spirits but we shall see.
Fantastically wise words.
MSM is pointless waste of space, whereas people like Chris Irons provide far more brain food in a few words than they provide in months.
I think you are missing the point here, Chris.
What about all the jobs, industry, investment, factories that were flooding back to the US by the TRILLIONS?.......that the administration was bragging about?
You can say that there was a negative overreaction to the tariffs, but what about overreaction on the positive side?
As hindsight is ALWAYS 20/20, it would appear that the tariff fiasco was just that......a fiasco......that will result in one thing......HIGHER PRICES......for everyone.
Is it too far to imagine the whole tariff thing was a scheme by more than one government to stir the pot of shit, called the economy, so prices could be raised, and blame could be shuffled from one government to another? I bet the average Chinese citizen is just as mad at Chump as the average American is made at Xi.
Is it too much to imagine that stonks were intentionally run down with the tariff narrative, so they could be bought at lower prices, and then pumped higher simply by saying, "No tariffs! We were just joking." Think of all the "funding" that resulted......for those in the know.......you know, like pension funds and other investment pools that depend on ever rising prices.
It baffles the mind how people cannot connect the dots between higher stonk prices.....and higher goods prices. Do stonks go higher without more money flowing into corporate coffers? So the corporate boys have two ways to increase the flow of money into their coffers. 1. Sell more widgets. 2. Raise the prices on widgets.
On a per unit basis, I see the economy as topped out, hitting a wall. So that takes away option 1. and leaves option 2.
You want to talk about a massive "transfer of wealth"? You saw it in the outcome of the coronahoax, and now you are seeing it with this tariff bullshit.
The big lie is that they are "fighting" inflation. BULLSHIT! They are doing everything they can to create inflation to support that massive debt bubble they are trying to keep from imploding. We live in a day and age where after 6 months of the latest iPhone release, the mobile companies are giving them away as promotions........but I am supposed to believe there is a toilet paper shortage? Egg shortage? My ass!
The final play on raising inflation will be when they "cut rates" to "stimulate" the economy.
We were fools to ever think Chump was going to agree to be the sitting president during a recession......that he couldn't blame on someone else. His ego would never abide it. They are going to pump this thing to the moon. The tariff shit show was Act 1. Buckle up......and "buy the fucking dip."
The goal here is to sell fewer units at much higher prices. That will reduce the energy consumption and keep the dollars flowing to make the debt payments.
All the while being forced to put your money in their casino called a "stonk market".......or risk missing the inflation induced, government manipulated run and falling behind forever in the race to "be rich."
P.S. Look at the announcement out today about Chump cutting cost of prescription drugs. So when I walk into the drug store and buy some drugs, I am going to pay less, right? No, no I am not. Because I am not on a government healthcare plan, and I am not on Medicare or Medicade.
That "EO" is geared at reducing the cost to government.......not the average citizen. It is going to raise the prices on everyone else.
Onion bagel… cream cheese.