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What a Week
We knew that this week was going to be quite the eventful one with the head of the Federal Reserve talking to Congress, with Michael Cohen ratting on Trump and of course Trump meeting Kim Jong in Vietnam.
So, let’s take them step by step. First off Jerome Powell. It didn’t take terribly long for the brain trust in the Federal Reserve to throw a lasso around Powell, after his boisterous claims to run off the balance sheet AND hike rates 4 times into 2019. Once the market puked up 20% of its gains from October to Dec. 24th, they had a “talk” with dear old Jerry, and “Whalla!” What emerged was the Dove of all doves.
All Fraud, All the Time
In the past few days I’ve had several people email me, complaining about this crazy stock market. I’m going to post the following, because it is very typical of the things I’ve been receiving:
Wag the Dog
First off a note that should make you all pretty happy. This letter will be much shorter than my usual rants. Evidently I hurt my wrist pretty bad Sunday, and had to go to the urgent care on Tuesday to get it looked at. I’m pretty resistant to pain, but this became unbearable. So, I’m in a soft wrap cast, and typing is, well, frustrating. ( and painful)