Post by
metalhead666 on Jan 21, 2023 4:57am
C'mon in! The water's fine! NOT!
$hitcoin up $6000 in a month. Nothing to see here...move along. Every other commodity soaring as "risk on" !!! roars up from the crowd. Bed Bath and Beyond filing for bankruptcy but the apes keep trading it!! A host of retailers warned of plunging sales but hey...who needs sales? Goldilocks, soft landing, China printing press go brrrrr!!!! So buy all things!!
"Major equities indexes have y-t-d gains of at least 8% in France, Germany, Spain, Italy, Sweden, Ireland, and Netherlands. Hong’s Kong’s Hang Seng index is up 11.44%, China’s CSI 300 8.00%, the South Korean KOSPI 7.10%, and Taiwan’s TAIEX 5.62%. Major indices are up 6.81% in New Zealand, 5.87% in Australia, 5.77% in Canada, and 11.3% in Mexico.
And with all the talk of peak inflation, it’s curious that gold has gained $102, or 5.6%, to begin the new year. Copper is up 11.6%, Aluminum 8.8%, Zinc 16.3%, and Tin 16.1%. Gasoline futures surged 4.4% this week to a two-month high."
Enjoy filling up that $70k Ford F150 toy you had to buy on credit!
Markets are like an untrained dog....keep handing it treats and it sits there nicely waiting...open the door a crack and it's gone! This dog is going to get run over by a truck.
Inflation had 2 less bad months which is all undone now as the masses plow money into all things
Oil will take out $100 shortly and Joe Biden drained the national petroleum reserve so you won't get that free lunch again
What's the almighty FED going to do now?
They will tighten until it all breaks. And break it will.
January 19 – Bloomberg (Philip Aldrick): “Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have ‘adverse effect on working people everywhere,’ former US Treasury Secretary Larry Summers warned. The remark is a response to suggestions from economists including Olivier Blanchard, a former International Monetary Fund chief economist, who have suggested lifting inflation targets from 2% to 3% to avoid recessions. ‘To suppose that some kind of relenting on an inflation target will be a salvation would be a costly error, it would ultimately have adverse effect as it did in a spectacular way during the 1970s,’ Summers… told a panel at the World Economic Forum’s annual meeting…”
https://creditbubblebulletin.blogspot.com/2023/01/weekly-commentary-inflation-complacency.html
Comment by
starboy101 on Jan 24, 2023 2:36pm
You didn't mention the war in Ukraine which will soon turn to nuclear war and world war III. And civil unrest in the USA which lead to Civil War in the US. These events are coming soon it's enivitable there is no turning back! Sell everything! Oh Lord please have mercy on us all.
Comment by
metalhead666 on Jan 25, 2023 5:37am
Sending tanks to Ukraine now...I'm sure Russia doesn't mind at all. The "Doomsday" clock just hit the closest point to midnight since its creation....Stock market is ripe for a crash and I80 won't be immune to a massive selloff