Central banks intervened so much in fabricated "markets" that they killed it. No volatility, no price discovery, no range, no breadth, no liquidity. Just horrendous. Nothing but some market maker algos and ESF contrived illusion in a ghost town. Eventual collapse is inevitable.
"Just as when you start to use certain drugs you don’t know when to stop nor how to stop, it is the same with [inflation], the governments don’t know when nor how to stop."
-- Ludwig von Mises (Money and Inflation)
Tell us you lost control of Financialized Casino Complex without telling us. Panic in the air. How about not intervening at all and letting natural order do its thing. It's called a "Free Market" (true Capitalism). Supposed to be a U.S. principle. Central planning is the problem!
Reminder for those who truly want to eat some "Suits," the best way to do it is $VIX gamma squeeze. They aren't fans of disruptive volatility. Where are the Apes and their call options? It's coming one way or the other - inevitable.
JUST IN: Atlanta Fed President Raphael Bostic had to restate financial disclosures for the past five years and found violations—including more than 150 transactions during restricted “blackout” periods—because he didn’t understand his disclosure obligations.
Now 3 Fed Presidents involved in #FedGate trading scandal and likely only scratches surface. These people have been operating unchecked for far too long. Their policy drastically impacts every American. Must know they're operating in best interest of public, not their own profit.
In 1929 Market Cap to GDP (top indicator of overvaluation) was near 100%. In 2000 it was over 150%. Both preceded major corrections. Current 2021 super bubble is around 215%. Any questions?
WHAT STAGE OF CAPITALISM IS THIS?
"Months after Intel’s lobbyists won microchip companies billions of dollars of government subsidies, Intel is reportedly planning to lay off thousands of workers - right after giving shareholders a $6 billion dividend." https://t.co/CHFu6EoqCY