Bigs, will be interesting to see if this last injection takes the market much higher than here.
If it does not, it will say a lot.
If you look at the charts, the FEDs only ammo now is these liquidity injections with the PPT buying the market.
Do not forget also - credit created out of thin air, they will use the Carib banks again to buy the curve (via their secret offshore accounts), their own debt, the market. They did it before, they will do it again. We will monitor this as well.
It is getting less and less effective. Lets see how far they get on this latest - it will tell us a lot.
And together lets figure it out.
Lots of what you say is so on the mark, thanks for posting here.
Agree this bust will be worse, but it must happen and I hope the FED knows that. The other outcome is so much worst.
FYI - my wife and I have a theory,,,,,,(do not mean to hurt anyone in saying this), folks with facial hair, beards are the worst to deal with. Total introverts, we have studied this and 90% of the time it is correct. Our new FED chairman could not have been a worse choice and I know he is going to mess it all up just based on this one observation! A FED CHAIRMAN WITH A BEARD - total professor economist.....no feet in the real world....not that is scary.
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