CNBCAnyone remember 2 years ago when yield curve inversions were happening and they moved the goal post for recession? Naw, nothing to see here! Jim Cramer just like 6 months ago said that anyone that uses the yield curve as a tool is spreading FOMO and FUD, blah, blah, blah. I still cannot believe after the Wells Fargo garbage anyone would ever listen to Cramer but they still do. It just shows who in the market is delusional. Just focus on earnings he said. Now that Trump is in office the main stream media has done a complete 180 degrees. On CNBC yesterday: The federal Reserve's favorite recession indicator is now flashing warning signs. Nobody in mainstream media was saying anything about recession's on the Biden administration clock but now that Trump is in office the yield curve and inversions matter? This just did not happen overnight, not even remotely. You can look up numerous charts that show spending by President and Biden was the absolute worst, ever. If you listen to facts, you cannot fail as a trader but if you play follow the leader, you absolutely will get your rear end handed to you. Follow charts, not feelings, not the news, especially CNBC. Here is a news flash, recession: You wish, The Great Depression 2.0 with WW3 is next. You cannot print into oblivion and think nobody is going to pay for this. The US dollar isn't even worth 3 cents. People think inflation is the cost of products going up. It is not, inflation is the dollar worth less and that is why the dollar does not get stretched as far. Companies just take advantage of inflation to jack prices and line their pockets. It really is that simple. Back during the Great Depression, JP Morgan bailed the market out. Fun Facts:
-J.P. Morgan was a banker who helped the U.S. government during the Panic of 1893 and the Panic of 1907.
-During the Panic of 1893, Morgan helped the U.S. government by purchasing $62 million in gold to replenish the government's gold reserves.
-During the Panic of 1907, Morgan and his banker friends purchased $30 million in city bonds to prevent a financial collapse.
-Morgan also helped to finance the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric in 1891. A total of less than $100 million.
You are not bailing out a market that is over $30 Trillion in debt, so what happens? You want to know the truth? We don't do anything, default on the debt, the dollar crashes (which it already has) and we move to a new system. Which is CBDC, or Central Bank Digital Currency. Why do you think Trump is so big on crypto? Because he knows what is next, he is a business man. No matter what you think about presidents as people, they are all in on this and you're not invited. This is why I swing trade because until this hits bottom and I am talking S&P 500 to 1100 type of bottom, there's nothing long that looks great at all. We have to crash first. So many falsehoods out there being propagated by main stream media and wanna be traders, instead of just saying the truth. In the markets, it doesn't matter which side you're on, money doesn't care who you vote for. Stick to the charts and you cannot lose in short term trades. It isn't about the quantity of trades and your 40 accounts. It's about the quality, in and out. We have to stop lying in the financial world because of political sides. Politics does not belong on Wall Street. In the late 90's, I never even heard anyone talk about Democrats or Republicans on the trading floor. My point of all this? Do you see how following narratives can get you into trouble? 401ks, pensions, retirements are going to implode when the debt market finally gives way. Get ready folks!!
