Posted on 06/30/2022 11:03:34 AM PDT by lasereye
You will own nothing and be happy.
W Bush’s 2008 crash accomplished much of that.
Well, except for the happy part. 😜
Lucky for me I was already broke then.
I didn’t have anything to lose.
There’s lots of lying balance sheets that could stand to have some amazing damage done to them.
Today is the end of the second quarter and the second consecutive quarter f a drop in th GDP groth rate. We will be declared to be in a formal recession.
The Fed knows of no other course but to raise interest rates, again
Stagnant economy, upward prices, uncurable economic turmoil.
An election might cure the market drop. It might improve the businessminds somewhat to see a glimmer at the end of a two year tunnel.
That comes from Commerce, Bureau of Economic Analysis. Release date for Q2 preliminary figures is the last week in July I think.
Thank you.
“it wouldn’t cure inflation until it did amazing damage to various balance sheets”
This is what their decisions are really about, protecting the “special” people and their balance sheets, versus stopping inflation from screwing over EVERY SINGLE PERSON in the country.
They said the same thing in the beginning of the Reagan era while Volker was chairman. He had to lick inflation by proving them wronng. The inflation remedy was painful for only a short time because the Carter/Reagan regulatory and tax reforms soon began to grow the economy back.
I am predicting two raises then a flip flop when chaos ensues.
Yes
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