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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: Jacob Snyder	7/15/2021 12:54:53 AM
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Powell Says Fed Still Expects Inflation to Ease: If inflation stayed too high or began to seep into consumers’ and businesses’ expectations of future inflation, which can be self-fulfilling, then the Fed would raise rates. “People need to have faith in the central bank that we will do that,” Mr. Powell added. -WSJ today Powell has the same role in our lives today, that the Pope did 1000 years ago. His decisions influence our lives, but we cannot influence or even understand him. He speaks inscrutably, in code, and we obsess over every syllable. He demands we have faith in him. We want to trust him, because the alternative is chaos.

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