Posted on 12/24/2021 5:50:17 AM PST by Browns Ultra Fan
2021 has been a very weird year. Inflation has boomed (highest in 40 years) after the election of Joe Biden as President of the USA (called it Bidenflation). Then we have The Federal Reserve barely acting on the booming inflation (keeping rates at 25 basis points while withdrawing the COVID-related monetary stimulus).
Then we have the rise of cryptocurrency Ethereum and the surge meme stocks such game store GameStop, a favorite of the internet site Reddit.
Given the volatility of GameStop (Reddit-inspired), you can see the strange shape of GameStop’s volatility surface.
By contrast, gold is now where it was was at the beginning of 2021 and the surge of Bidenflation.
Here is volatility surface for gold.
So, there are a number of meme stocks (GameStop is just one example), gold, silver, cryptos such as Bitcoin and Ethereum. But gold seems to be placid with respect to inflation, but the meme stocks and cryptos seem to be motoring. Or is it rage against the financial machine?
The US stock and bond markets are closed today and tomorrow, Christmas day.
Have a Merry Christmas! And celebrate the “Santa Pause” as Powell refuses to raise rates to combat inflation until 2022.
(Excerpt) Read more at confoundedinterest.net ...
DIAMOND HANDS!!
I think the global economy is a fiction. Most of it goes on behind the scenes and what we see is heavily manipulated.
it is the Banks’ (half a dozen) greed
and the Skynet-like AI in Vanguard and Blackrock
which has caused inflation by buying up
all the farmland, homes, and more using
derivatives, dark pools, offshore accounts
through Delaware which are NOT taxed, while
shorting-to-death ToysRUS, Sears, BBBY, etc., but
making their fatal error shorting
GAMESTOP (gamers, autists, and now no debt).
The main thing to know is that if you as a normal person can buy it, it’s a bad investment.
The real money is in financial instruments that most have never heard of and normal investors cannot buy.
Poor Anthony tried to get from point A to point B but drank a gallon of spiked Christmas eggnog for breakfast and never made it.
I can hold longer than the hedgies can stay solvent.
Really. I bought TSLA at 89 and AMD at 20
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