This latest Wall Street rally can only be described in one word DESPERATION. What they know and don’t want you to know is the FACT inflation is not under control. AND the Fed will raise Fed Funds rates to over 7%. Their is plenty of blame to go around. It all started with the pandemic shutdown and ZERO interest rates and massive stimulus injected directly into the economy. The expected happened, it sparked off MASSIVE inflation. Two key mistakes were made. Wall Street assumed that zero rates were here to stay. And the FED and Treasure did not realize in time that inflation was out of control. The story of this era is their joint declaration that inflation was “TRANSITORY” THEY REALLY BLEW IT. They started fighting inflation way to late. Early on they could have nipped it in the bud. But unfortunately they waited to long, until this day inflation is embedded. As you are seeing wages are soaring…Their is full employment. And another Wall Street bubble rally is raging. The FED cancer radiation treatments of higher rates are NOT working. On the other hand a VERY desperate Wall Street wants you to believe its over. No recession they say hardly a ripple on the water. And get this they want you to believe the FED will soon be lowering rates. Talk about fake news. Reality is they are bullshitting the masses. Truth is the FED has got to get rates above 7% at least to put out this inflationary fire storm. And the untold truth is it very well could take a Fed Funds rate north of 10%. In plane English the debt markets and banks and stock markets are headed for a 100 year event. Another great depression, banking and real estate wipeout. NN BlackMask Pod Cast:
inflation dragon will burn you
