Lions and friends... with commodity prices, the action we are seeing now. 3 days ago (prior to it happening), I posted this (below). This segment was taken from a publication titled: More Central Bank Currency and Debt Manipulation. AND THE GREATEST TRANSFER OF WEALTH IN HISTORY.
"What the Federal Reserve will accomplish here, along with other central banks who will also indisputably be buying more debt and continue to manipulate their own currencies as well, is vastly exacerbate the already monumental price action distortions which already exist across the entire spectrum of asset classes. The game will remain RISK ON.
“Risk on,” alludes to the situation where suppressed rates opens a doorway where then cash flows into risk assets, THE STOCK MARKET.
“Risk on” in turn inflates an even larger stock market bubble.
“Risk on” also causes the price action of other assets, like commodities, to remain low- which presents an opportunity to attain these “risk off” assets at fire sale prices."
To read the entire piece, click here: https://gregorymannarino.substack.com/p/more-central-bank-currency-and-debt
Honestly can’t believe they got oil back to the 70s considering we basically just declared war with Iran... what a freak show
I'm basically at awe with how they managed yet again to kick the can down the road and make "everything fine" again. Never expected oil to tank like that either especially with multiple wars now . I really dont know what to say . Well I guess we can troll blow pony's page and ask him what happened to his prediction for october that once again did not come true .