Market Bubbles: How Many Boats are We On?

[tmyrfield]

did someone mention boats?

https://twitter.com/jsrailton/status/1374438210315513864 https://twitter.com/jsrailton/status/1374438210315513864

[jazz]

The inflation trade is a bit skeptical for sure. I mean after people dump their stimulus cheques into whatever, what will they have excess money to buy? Every consumer is tapped to the gills with debt and the stagnant income. Still 10M americans out of work since pre covid. I mean tens of millions of people couldnt pay 3 months of expenses and needed the govt. What extra money are they going to find to buy goods and services. And even if they do go on a buying binge, the only products we get are from china, so the inflation will be there, not here.

I am hearing a lot of reports about people throwing in the towel with their businesses and professions. Nurses, teachers, doctors, small biz owners, parents that want to stay home with kids now, women that want to exit the workforce and young people banking on UBI.

[biglentil]

The true definition of inflation before Keyesians changed the definition in the early 20th century is an expansion of the money supply. Price inflation is symptom of more dollars chasing fewer good. Supply disruptions and poor productivity have hurt supply right when 40% of all dollars have been printed in the last year. The market is all about speculation now, no different than Weimer Germany 1922.

[errolanderson]

U.S. Fed is now doing something called reverse repos. This is the lending process between the Fed and financial institutions.

Translation: Financial institutions are now content to leave money at 0 percent parked. And the Fed is now having difficulty and confidence lending money out to financial institutions for higher than 0 percent.

This situation does not reflect any sort of boom or recovery (IMO). It also suggests that inflation is very frail, a flash in the pan.

How many market bubbles are now ripe for the picking?

[chuckChuck]

The economy is teetering on a pin right now. If the virus is not beaten in the next few months she will be toast.

20 US states are monitoring rising cases again and this with a population that is approaching 30% vaccinated.

https://www.cnbc.com/2021/03/22/covid-new-jersey-likely-to-pause-reopening-plans-as-cases-rise-governor-says.html

Whaaat? Weren't you just telling us that covid was dropping regardless of vaccination rates? LOL

If you predict doom and gloom long enough given enough time eventually a large correction will happen.

What we do know is the ultra rich are getting richer and hording their wealth which can't be good for democracy or the economy. It's a way better to put more money in the hands of low and medium income earners as they will spend alot of it on basic necessities.

[furrowtickler]

Whaaat? Weren't you just telling us that covid was dropping regardless of vaccination rates? LOL

If you predict doom and gloom long enough given enough time eventually a large correction will happen.

What we do know is the ultra rich are getting richer and hording their wealth which can't be good for democracy or the economy. It's a way better to put more money in the hands of low and medium income earners as they will spend alot of it on basic necessities.

I agree but the real objective of the UN agenda is playing out like you just pointed out amd like many of us have been trying to say for over two years
It was never about wealth distribution to the needy ... only fools believed that
It’s playing out exactly as they planned it

[errolanderson]

Just when you thought you have seen everything in our global financial make-believe world . . . .

Italian artist Salvatore Garau has just sold an invisible sculpture for $18,000 U.S.

This invisible sculpture (I believe) should generate a visible loss, should the Fed lose control of its invisible grip on visible markets LOL.

[errolanderson]

Just when you thought you have seen everything in our global financial make-believe world . . . .

Italian artist Salvatore Garau has just sold an invisible sculpture for $18,000 U.S.

This invisible sculpture (I believe) should generate a visible loss, should the Fed lose control of its invisible grip on visible markets LOL.

PS or BS . . . it is apparently made from spirit and air. Which makes total sense, since it is invisible.

This is the end game of out-of-control central bank money-printing (IMO).

[agstar77]

How different is the invisible statue from an imaginary coin worth 60000?

[errolanderson]

How different is the invisible statue from an imaginary coin worth 60000?

touche’. . . . doge who?