"He was a shaMan of the people"
"Base case scenario, the rally is done, and the next piece(s) of macro data will also confirm that the economic cycle is over. At which point, panic will ensue into a no bid market."
My mistake is continually underestimating how dumb these people are...
Financials are rallying today. Of course...
The only difference between now and 2008 is that the Fed wasn't so dumb as to raise rates back then at the end of the cycle. And the fact that there was still the semblance of an economy back then...
Greed is deaf, dumb, and blind:
Hegemonics is an echo chamber of frauds and charlatans sharing dumb ideas back and forth. The Idiocracy is attracted to con men like a moth to a flame. The dog is chasing its own tail. Instead of the economy driving asset values, asset values are driving the economy. The trickle down fake wealth effect. The only inflation is in asset values, and the Fed is worried that they are now behind the circle jerk curve.
Wage CPI with Baltic Dry Index
They are raising rates, just as Social Mood is rolling over...
