Posted on 10/23/2023 7:00:35 AM PDT by 11th_VA
$$$$$$$$$$$$$$$$$$ Which means it's a buy signal
Saudi Arabia Open to Talks on Trade in Non-US Dollar Currencies Bloomberg, 17 January 2023However this plays out, one will have to deal with what is, irrespective of what one wants.Saudis flirt with 'de-dollarization' to get Washington's attention Stimson, 6 September 2023
Calls to move away from the U.S. dollar growCNBC, 24 April 2023
Emerging economies are pushing to end the dollar's dominance ABC News, 18 August 2023
Too many got too used to cheap money of the last 15 years.
Mortgage rates are just now reaching their long-term averages. CD and other savings rates are still lagging behind the long-term averages.
Inflation is still rampant.
I saw an article last week that Walmart and Aldi’s will be lowering some prices [taking profit cuts?] to help consumers.
Sell-off? What sell-off? All I've seen for 2 years is sideways ping-pong going between DOW 33,000 and 34,000. Oh, there are cyclical sector plays; but the money is just being recycled between sectors, it seems to me.
The commute to job traffic this morning at 5:30 AM was ridiculous here in my suburban area of FL. All is well in the free state of Florida.
Making everyone feel miserable is the usual tactic of the political party of out power. No buyers here. Sorry.
Gonna be awesome. I see it as an opportunity to clear the decks of everything wasteful. Move homeless encampments out of sight. Deport illegal felons. One misdemeanor is ok.
Drill, build nuclear plants.
Problem is this crash will happen right after Biden gets reelected, bringing in another New Deal(think green) to fix it.
People are going to find out what they meant by “Build Back Better”. This is still the Destruction Phase.
We owe it all to clueless voters who cheated thereby electing the evildoers Biden and Bama!
If you predict a crash every year, eventually you’ll be right. It’s not a useful prediction though.
There is even an opinion piece at the WSJ regarding the possibility of a “black Monday”.
“Another Black Monday May Be Around the Corner”
“The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a steep recession and the risk of a repeat of 1987’s Black Monday.
Early in the pandemic, the volume of U.S. dollars in circulation soared. For two years starting in March 2020, the M2 money supply—a measure of the cash and checkable deposits in circulation plus savings deposits and other easily convertible assets—grew at an unprecedented annual rate of 16.5%. That is more than three times the appropriate rate for hitting the Fed’s 2% inflation target.
Then, in March 2022, the Fed changed course, first tightening the money supply by increasing the federal-funds rate and then introducing quantitative tightening. Between July 2022 and August 2023, the M2 supply contracted by 3.9%, the most extreme contraction since 1933.”
Of course, no one blames Biden (or his handlers) and his policies.
“When they’re cryin’, you should be buyin’”
Good time to take another look at tulips.
Forbes=China
“Doom Porn”. The market isn’t going anywhere as long as TPTB props it up. I thought Silicone Valley Bank was going to be a moment but the Fed did what the Fed does.
If DJT was the POTUS, we’d been in the crapper for sure because the MSM would say we were. 5.4% GDP 3rd qtr 2023. Watch!
It is crazy how all those bank failures barely made a blip. It was getting near 2007/8 almost. Maybe the feds actually learned how to avert a repeat disaster for once?
I am considered poor by any measuring stick one uses so I never invested in stocks, still, that said I’ve warned people for years not to put their future in the stock market cuz I knew it would tank and really bring the economy to a grinding halt.
Very good recap of how we got here...
More good news.. The hits just keep coming with the Democrats in charge.
” It’s amazing that clown has a job giving financial advise.”
...because he talks loud, fast and convincingly. He’s a carnival barker.
You’re right. Will it happen, eventually? Most likely. BUT - in 2008, the feds had contingency plans that had contingency plans that never saw the light of day. Contingency plans to continue to prop up whatever could possibly be propped up. No doubt the feds are pushing this via horrible economic policy, but they keep getting right to the edge and then pulling back. Slow death. They know if it all goes at once, they are in trouble. Once the average American has nothing left to lose, all bets are off. They will go to the ends of the earth to keep that from happening.
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