Comment by FrustratedMonky
4 days ago
Or the old adage "If your grandma is asking how to setup a margin account, you've already missed the bubble, get out".
4 days ago
Or the old adage "If your grandma is asking how to setup a margin account, you've already missed the bubble, get out".
Grandma wants AI stocks, taxi drivers rave about crypto, and Warren Buffett has been selling more than ever.
But “this time it’s different” because… AGI…?
The Federal Reserve will lower interest rates to keep that big, beautiful bubble. Donald Trump thinks interests should be 1%. There are 2 FRB governors (jockeying for a new chair) that have publicly called for lower interest rates. One FRB member (Adriana Kugler) unexpectedly resigned a couple weeks ago and will be replaced by the WH economist.
Just yesterday, the guy who was found liable in court for financial fraud demanded an FRB (Lisa Cook) resign after being accused of mortgage fraud. Do you suppose somebody in the WH is digging up dirt?
And of course, weekly rants, accusations of fraud, and musings of firing JPo.