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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (52011)	2/17/2022 12:47:57 PM
From: bull_dozer	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97650

ASAN... stockcharts.com Asana CEO Moskovitz Buys Another 1.25 Million Shares, Boosts Spree to $1.1 Billion barrons.com

To: bull_dozer who wrote (52011)	2/17/2022 12:54:44 PM
From: bull_dozer	1 Recommendation Recommended By Jacob Snyder Read Replies (1) \| Respond to of 97650

Fools and Their Money Bill Bonner Is the Fed really as incompetent as it appears? Today, we take a look. The Fed’s inflation now vexes consumers… investors… and politicians. CNS: The average price of a gallon of self-serve regular gasoline in Los Angeles County rose four-tenths of a cent Saturday to $4.754, a record high for the eighth time in the last nine days. The average price has risen 12 of the past 13 days, increasing 8.6 cents, including three-tenths of a cent Friday, according to figures from the AAA and Oil Price Information Service. It is 2 cents more than one week ago, 8 cents higher than one month ago and $1.21 more than one year ago. And voters are feeling the pinch. One headline put the increase in monthly expenses per household at $256. “Do something” is the word going out to Fed governors. But ‘go easy,’ says the elite. The last thing it wants is a screaming crash on Wall Street. Yes, the Fed put itself in a vise. On one side is the interest rate suppression and money-printing that has paid the feds’ bills and made the rich richer. On the other side is the Main Street economy, which craves stability, steady prices and honest interest rates. On one side are the 90% of Americans – hard-working families with limited budgets who suffer inflation like tooth decay, painful and debilitating. On the other is Wall Street and the elite, who make the rules… control Congress… and the Fed itself. And now the vise tightens and the Fed’s ‘credibility’ is about to crack. .. .. The Fed was meant to be a guardrail for capitalism. A bankers’ bank, it was expected to keep its head when others were losing theirs. It was supposed to maintain an atmosphere of calm calculation and reasoned reflection in order to prevent the sort of panic that leads to chaos and unnecessary losses. But there, on September 10th, was the Fed Chief himself, Benjamin Shalom Bernanke acting as if a giant meteor were about to hit the Rose Garden. He did not seek to restore a mood of quiet deliberation among the nation’s legislators, but to set their hair on fire with visions of Armageddon. In short, in order to panic Congress into passing a $700 billion bill that not a single member had read… for reasons none understood… he resorted to the biggest whopper ever told by a central banker. With no hint of a smile, Bernanke told Congress that if it didn’t pass its crackpot stimmie bill on Friday, “we may not have an economy on Monday.” This was plainly absurd and everybody knew it. .. .. Once the Fed was on the case, not a single large lender went broke. Those that were too stupid to succeed became “too big to fail.” Fools and their money stayed together. Reckless managers got their bonuses… and became more reckless. And the excess debt problem became much, much worse. Total US debt almost doubled, from around $44 trillion in 2008 to $86 trillion at the end of 2021. What kind of way was this to fight a debt crisis? Alas, the Fed learned nothing. It continues to print money at the rate of $20 billion per week. And it promises to do something to protect its credibility. What? Word on the street is that it is going to raise rates! Maybe even 100 basis points! That would bring the rate to MINUS 6.4%. We get a little dizzy just thinking about it. bonnerprivateresearch.substack.com