Skip to comments.Surviving Bidenflation And The Fed: ARK’s Cathie Wood or TSLA’s Elon Musk? Or Bitcoin? (Answer: All Are Down Around -68% YoY)
Posted on 12/29/2022 7:19:43 AM PST by Kaiser8408a
Trying to survive high inflation under Joe Biden is difficult, but surviving The Federal Reserve’s counterattack to Bidenflation is even more difficult.
Two people who constantly appear in the business are ARK’s Cathie Wood and TSLA’s Elon Musk. A third we can add is Sam Bankman-Fried of FTX and Alameda Research infamy.
So which one was the best at surviving Bidenflation and The Fed’s counterattack? Answer? None of them.
Since the same day last year, we have seen M2 Money growth plunge and The Fed Funds Target rate rise rapidly from 25 basis points to 4.50%, a rapid increase. But over the last year, Cathie Wood and ARK fell -68.4%, Elon Musk’s Telsa fell -68.9% and Bitcoin fell -65.1%
So, ARK, Tesla and Bitcoin were demolished in 2022 thanks to Bidenflation and The Fed’s counterattack.
You know things are bad when people are literally freezing to death in the US (at least 65 people died and more than 10,000 flights were cancelled) and President Biden flew to St Croix for yet another vacation. And staying with multi-millionaire Democrat donors, Bill and Connie Neville.
At least Biden isn’t staying with the other Democrat donor, Sam Bankman-Fried in Palo Alto.
(Excerpt) Read more at confoundedinterest.net ...
Everyone is down.
We WON’T survive BIdenflation/Theivery.
Gold, brass and lead....silver not so much as it has an industrial use....with downturn in economy this will decline.
Braindead doesn’t deserve fairness. WHATEVER it takes to remove the treasonous bastard.
True that. I don't invest in individual stocks but in mutual funds spread out across many asset categories. Since Nov 16, 2021 (when most asset classes topped out) all of them are down with the exception of an energy fund I like being up a barely 0.1% (as of market close yesterday). Even plain S&P 500 index funds are down 21%.
I think I'll stay out of the market longer. With the S&P 500 taking this long to do down that much, it looks more like a total drop of 40+% before it's bottoms (like the 2000 drop taking 2 and a half years to go down 49%, or the 2008 one taking 1 and a half years to go down 56%).
Karma for the drop box election fraud.
“Meta Platforms Inc. META , the parent company of Facebook, has fallen 64.2% so far this year”
Pulled out yesterday...
Left $1,000 in to keep the account open to make it easy to jump back in and maybe make a little on a “dead cat bounce.”
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