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Even The 'Richest' Americans Have Lost Faith In The Fed's Markets
Janet, you have a problem...
Despite surging stock prices (and all that Fed-juiced wealth creation), slumping gas prices (that are "unequivocally good" for Americans), and an endless stream of happy talk and forwardguidance promises about how awesome things will be; rich Americans are losing faith... fast!
Seems like the perfect time to raise rates.
Charts: Bloomberg
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Just tell them to buy the fucking dip, then
"Fed Market" is an absurdity.
100k is rich?
Net or Brut?
A Bru-net would be more preferable, I would suggest...
Per hour,Yes
That amounts to less than 10 billion for the 10 years it took Zuck to FB, not even a quarter of the "money" he supposedly has. There is literally no quantifiable basis metric, outside of our fianncial system, for the fortunes these kids have handed to them.
100k soon to be zimbawbe-US dollars? Of course not!
lol... yeah... according to this I'm rich.... I don't think so... I still need to show up to work...
and never retire. Damn it feels good to be in the top percentile.
Rich folks are always the first to protect themselves, not the last.
Depends on how you define rich and where the line is drawn. There are a small handful who thrive on cronyism and they make a lot more than $100K.......
The Fed has simply over stayed its welcome. Everyone now knows it. Janet is like that long lost relative you invited over because you felt sorry for her only to find her going through your dresser drawer looking for cash for some crack.
Time to put her out with the trash.
Fate the Magnificent
"Push the Button, Max"
"The Fed has simply over stayed its welcome. Everyone now knows it"
If you're just talking about ZH readers then okay. Otherwise, lets do the math on who "everyone" is.
first take the population and subtract all the people who dont know what the fed is or what they do.
take the remaining and subtract all the people who think the economy is strengthening and believe the feds numbers.
what percent is left?
0.01-1%...
Interesting coincidence...
I always look at countries that dont have any intellegent people to build up the economies. Pretty bad. Thats what seperates the wealthy countries and the poor countries. Smart people dont live in zimbabwe. Smart people make wealth. If a country has a high amount of proven Intellegent people, they have wealth right there.
You are damn right. Only stupid countries can buy US treasuries, and there have been lots of them.
Which one of the Tylers are writting this bullshit? FFS, bring back Marla. Say what you want about her, at least she had standards.
Look at the chart, looks like a case of the heebeegeebees to me.
Wow.....I thought the "rich" and the "FED" were one, and the same?.....
How can their be a divergance?......Do I dare say it?........DIVORCE?........
confidence in what, exactly. that's just a zigzag line that doesn't seem to correlate to anything, and overlayed on the s&p...
and, 100k isn't "rich" anymore.
Bet Obama inner circle jerk of cronies haven't lost faith...they will be like the Clinton stealing everything that isn't nailed down!
OVER 80 POINT MADE OFF OF THIS REPORT IN THE LAST 2 DAYS
CHECK IT OUT https://www.sentimenttiming.com/antoemang/15
OVER 80 POINT MADE OFF OF THIS REPORT IN THE LAST 2 DAYS
CHECK IT OUT https://www.sentimenttiming.com/antoemang/15