SUCKERS !!! At LEAST $5 Trillion of US Tax dollars wasted on 60 years of climate change scams and hoaxes ....
1960s - 'Oil will be gone in 10 years. We need millions to fix it.'
1970s - 'There will be an Ice Age in 10 years. We need millions to fix it.'
1980s - 'Acid rain will destroy all the crops in 10 years. We need billions to fix it.'
1990s - 'The Ozone layer will be destroyed in 10 years. We need billions to fix it.'
2000s - 'The glaciers will all melt in 10 years. We need billions to fix it.'
2010s - 'The coast will be underwater in 10 years. We need billions to fix it.'
2020s - 'Climate Change will kill us all in 10 years. We need trillions to fix it.'
As long as stupid people are willing to let the government keep them in fear, the government will continue to invent problems, increase taxes and endless spending while sending your national debt to 34 TRILLION DOLLARS which can never be paid back.
The markets have this one wrong this time. The decline in the equity market from December 2021 to October 2022 was because the market was pricing in a recession...just as it had been pricing in a recession from October 2007 to November 2008.
Did we get a recession?! No, the FED and Treasury Department said the data didn't matter, pushing it off...and because of this, the markets stopped looking at the data and paid attention to what the FED was buying. In reality, the FED could not "actually" call a recession at the end of last year, because the yield curves were inverted and the FED was still using "inflation to 2%" as their recession stopper.
Furthermore, since October last year the markets have moved away from pricing in any fundamental data, and this is where the markets are going to pay the price. If the FED really decides to cut rates in 2024, still with inverted yield curves, the market is going to be forced to look at the data again.
What is it going to find in the data?!
That the pricing-in of a recession all of 2022 was false. The bottom line is that the market had not been pricing in anything since the markets began ignoring fundamental data...and when we start approaching rate cuts, the market is going to panic and over-correct, because it will realize this is actually happening.
Markets are forward looking indicators that price in what is already happening in the real world based on data, and by the time the news is announced, markets start shifting. The markets have been in limbo (not paying attention) and therefore will over correct when the time arrives.
The MMRI isn't signaling a strong market, despite falling from 331.6 to 280.42 ... in fact, this exact decline in trend for the MMRI has happened multiple times since the MMRI began rising in August of 2020. It wasn't until the end of 2021 that the market was starting to pay attention to the 10YY and DXY, which were signaling a recession.
By the time the recession was officially "un-announced" at the end of 2022, the MMRI was between 244 and 305. Fast Forward to now, the MMRI hit its peak of 331.6 just several weeks ago...and no "official" recession yet...and this is because rate cuts aren't here yet to price in any kind of landing (soft or hard).
This market is delusional for being bullish, because all the data still suggests that the market should be declining right now to price in rate cuts in 2024...pricing in any kind of recession, and therefore will over-correct when the time arrives to start panicking.
I think the stock market will rise nominally but will lose real value. For example if the S&P gains 15% next year, but real inflation is 20%, it is actually losing 5%.
Just because most debt is denominated in USD, it does not mean that the borrower nor the lender is American. People are free to denominate their debt in any currency they choose. Who in their right mind would use the Chinese Yuan, for instance?
No they are so greedy and corrupt they will try to dump bad stock on their date at lunch if possible. I dated a Stock Broker and he was just scheming during lunch . I retaliated with a cold shoulder though the next time he asked me out.
I wouldn't go long equity's in my opinion. The market is ignoring fundemental data, and by the time rate cuts arrive, fundemental data is going to "over correct" the markets. For going long, i recommend precious metals (gold/silver). Out of all the research, this is going take the smallest hit if/when the market over corrects and the highest gap up afterwards, making it the least risky investment moving forward. You can listen to Greg on this one, if you want...but i think he has this call wrong. I think the market is going to rationalize itself the closer the FED approaches rate cuts.
From a Zero Hedge poster!
SUCKERS !!! At LEAST $5 Trillion of US Tax dollars wasted on 60 years of climate change scams and hoaxes ....
1960s - 'Oil will be gone in 10 years. We need millions to fix it.'
1970s - 'There will be an Ice Age in 10 years. We need millions to fix it.'
1980s - 'Acid rain will destroy all the crops in 10 years. We need billions to fix it.'
1990s - 'The Ozone layer will be destroyed in 10 years. We need billions to fix it.'
2000s - 'The glaciers will all melt in 10 years. We need billions to fix it.'
2010s - 'The coast will be underwater in 10 years. We need billions to fix it.'
2020s - 'Climate Change will kill us all in 10 years. We need trillions to fix it.'
As long as stupid people are willing to let the government keep them in fear, the government will continue to invent problems, increase taxes and endless spending while sending your national debt to 34 TRILLION DOLLARS which can never be paid back.
Yes!
80% of the American/Canadian Sheep(people) have been dumbed down and brainwashed since birth = Fact...
watch https://usawatchdog.com/horrifying-historic-us-dollar-crash-bo-polny/
This Blow Phoney Polny is a Bible thumper and has been calling for a crash every month now for the past 10 years, just ignore this idiot...
Hmm, we will just have to raise the taxes
The illusion of the market to mirror the illusion of the vote.
Dead Foods Coming Back To Life Compilation 😱
https://www.youtube.com/watch?v=V7Uec4D8ojs
The markets have this one wrong this time. The decline in the equity market from December 2021 to October 2022 was because the market was pricing in a recession...just as it had been pricing in a recession from October 2007 to November 2008.
Did we get a recession?! No, the FED and Treasury Department said the data didn't matter, pushing it off...and because of this, the markets stopped looking at the data and paid attention to what the FED was buying. In reality, the FED could not "actually" call a recession at the end of last year, because the yield curves were inverted and the FED was still using "inflation to 2%" as their recession stopper.
Furthermore, since October last year the markets have moved away from pricing in any fundamental data, and this is where the markets are going to pay the price. If the FED really decides to cut rates in 2024, still with inverted yield curves, the market is going to be forced to look at the data again.
What is it going to find in the data?!
That the pricing-in of a recession all of 2022 was false. The bottom line is that the market had not been pricing in anything since the markets began ignoring fundamental data...and when we start approaching rate cuts, the market is going to panic and over-correct, because it will realize this is actually happening.
Markets are forward looking indicators that price in what is already happening in the real world based on data, and by the time the news is announced, markets start shifting. The markets have been in limbo (not paying attention) and therefore will over correct when the time arrives.
The MMRI isn't signaling a strong market, despite falling from 331.6 to 280.42 ... in fact, this exact decline in trend for the MMRI has happened multiple times since the MMRI began rising in August of 2020. It wasn't until the end of 2021 that the market was starting to pay attention to the 10YY and DXY, which were signaling a recession.
By the time the recession was officially "un-announced" at the end of 2022, the MMRI was between 244 and 305. Fast Forward to now, the MMRI hit its peak of 331.6 just several weeks ago...and no "official" recession yet...and this is because rate cuts aren't here yet to price in any kind of landing (soft or hard).
This market is delusional for being bullish, because all the data still suggests that the market should be declining right now to price in rate cuts in 2024...pricing in any kind of recession, and therefore will over-correct when the time arrives to start panicking.
MY TLT WENT UP 1%....yess
Municipal water system hacked “Iranian cyberattackers”
https://www.cbsnews.com/pittsburgh/news/municipal-water-authority-of-aliquippa-hacked-iranian-backed-cyber-group/
I think the stock market will rise nominally but will lose real value. For example if the S&P gains 15% next year, but real inflation is 20%, it is actually losing 5%.
opec meeting on thursday we can expect some good news in regards to crude oil
ticker uco 2x oil bull buy when crudes at 74 dollars a barrel cash out at 78-79 rinse repeat play their game and win!
Just because most debt is denominated in USD, it does not mean that the borrower nor the lender is American. People are free to denominate their debt in any currency they choose. Who in their right mind would use the Chinese Yuan, for instance?
bible thumping is GOOD...AND HE HAS GOT SOME THINGS RIGHT...dam caps lol
watch https://usawatchdog.com/horrifying-historic-us-dollar-crash-bo-polny/
Shouldn't the FED's balance sheet be exploding if they keep purchasing more debt?
It's also their friends at Blackrock and vanguard. I guess they could be considered one and the same though..
sure glad i invested in oil greg im getting rich
Looking for opportunities to go long in this market sounds like a plan. I like it. Good video this morning Greg. Ty!
The stock markets are fake, phony and false.
You’re probably right but I still like to listen to people discussing it and do my best to stay ahead. I’d never trust a stock broker for advice ever!
Yes, I woud not trust them at all.
No they are so greedy and corrupt they will try to dump bad stock on their date at lunch if possible. I dated a Stock Broker and he was just scheming during lunch . I retaliated with a cold shoulder though the next time he asked me out.
Good for you!
I wouldn't go long equity's in my opinion. The market is ignoring fundemental data, and by the time rate cuts arrive, fundemental data is going to "over correct" the markets. For going long, i recommend precious metals (gold/silver). Out of all the research, this is going take the smallest hit if/when the market over corrects and the highest gap up afterwards, making it the least risky investment moving forward. You can listen to Greg on this one, if you want...but i think he has this call wrong. I think the market is going to rationalize itself the closer the FED approaches rate cuts.
I agree with precious metals!!