Now The Fed Must Save "Stawks" Intraday! What a Clown Show This Country Is!
I wrote a blog post from February 7, 2021 called "The Economy is Nearing Collapse, Part 1: Exploding Government Desperation" where I chronicle the ever-increasing desperation of the government collosus (The Federal Reserve and US Govt) to prevent any kind of upset to markets.
Now, they are so afraid that even minor INTRADAY stock market volatility DICTATES POLICY STATEMENTS!!
Yesterday, May 4, 2021, Treasury Secretary Yellen spoke the obvious truth when she said that interest rates might have to rise to cool an overheating economy. This kind of comment used to be entirely orthodox and draw yawns. But yesterday, the Nasdaq dropped 3% from it's bloated bubble levels. THE HORRORS!! Then she basically said "Never mind, I didn't mean it!" I kid you not.
Tweet from @Northmantrader (Sven Henrich) from May 4 2021
Take a look at the Tweet from Sven Henrich above. Then, on Twitter, Sven notes that there are a total of 8 Federal Reserve flunkies speakers this week who will no doubt try to keep the ever-so-delicate market calm! Because we don't want to do ANYTHING to disturb the "market" ---- ESPECIALLY SINCE IT'S THE GREATEST BUBBLE IN MARKET HISTORY.
MUST. SAVE. STAWKS!
That's shear terror and fright at what THEY HAVE CREATED. It's an everything bubble that is now too big to fail. Central Bankers around the world have basically DESTROYED every bond market in the world -- with the possible exception of the long end of the US bond market -- where one can get a nominally positive yield (but NOT a positive yield considering inflation!). So, now the Stawk Market is the only game in town as companies continue to buy-back shares to boost bonuses earnings.
The known "joke" bitcoin Dogecoin now has a market cap of about $90 Billion dollars which puts it the Number 92 out of 500 of S&P500 company valuations. Remember, it was created as a joke and there's nothing backing any of these crypto-currencies. All this is widely known. It's just straight-up gambling -- JUST LIKE THE REST OF THE "MARKET." And the "Government" is doing EVERYTHING in it's power to keep all of this from falling apart, ie., the biggest part of the problem!
From my post "The Economy is Nearing Collapse, Part 1: Exploding Government Desperation" I said the following to conclude that post:
..... the desperation of the US Federal Reserve and the US Government manipulations to maintain the "everything bubble" is truly exploding in scope, frequency and magnitude. It's became clear that they can't exit these various markets or the financial system blows up. Thanks to huge amounts of liquidity and intervention, the stock and bond markets vaulted to new highs at the end of 2019 and into early 2021.
The leveraged bubble continues to build to the most extreme in history: truly astronomic levels. Recently, retail enthusiasm for stock market trading, and especially call buying, has become alarming in scope. Retail participation is usually the final straw of a bull market. When the market blows-up, if it's "allowed to," the devastation will be enormous -- thus the desperate means employed by "government."
Excess FIAT money tends to go "POOF" and to "money heaven." We could all be broke within days or weeks of market collapses.
When it stops, nobody knows. I guarantee you that there will be hell to pay. There's nothing but clowns to your left, jokers to your right:
"I got the feeling that something ain't right,
I get so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
There's clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you."
-Nitty Gritty Dirt Band