Over the past 25-years, I've learned that virtually everything I was taught has been a lie; the last 5-years saw exponential understanding of that fact. It's all just giant clown show.
I wasn't going vote in the last election, but I voted for Trump to appease my wife, and because he was at least better than Thundercunt. In any event, I seem to become more disappointed in him and his appointees each day . . . but, I'm never surprised by them anymore.
“Why do the Fed and Treasury ALLOW hedge funds to do this”
For me, and the very small cohort of people I can still call friends post Covid scam, we ask the same question, but in a different way.
To wit, why does the FED and Treasury (and throw the SEC in there for good measure) allow hedge funds to exist at all?
They serve no useful purpose for 99% of the population. And they have been instrumental in the destruction of hundreds of companies and tens of millions of jobs over the past two decades. Their sole purpose is to make a tiny sliver of the population fabulously wealthy, at the expense of everyone else.
In short, they are evil. And the individuals who run them, like Fink and Griffin, et al, are worse than evil and deserve a special place in hell. I have no doubt that is where they are headed.
Why are they allowed to even exist?
They could, and should, be legislated out of existence.
(And please don’t get me started on the use of leverage, short sellers, naked shorts, OTC trading off the lit exchange, dark pools, paper trading of physical commodities , and a plethora of other issues that could all be easily addressed, ultimately facilitating actual price discovery.
Then maybe, just maybe, a decent portion of the 90% who don’t own equities might get interested in again being a part owner of a company whose products or services they use.
A lot of people like to go to a casino a couple times per year for some entertainment and the distant hope they might win some money. But nobody (other than the addicts) wants to go to the casino everyday, because they know the odds are all stacked against them.
I’m going to use that Ball of Confusion and give you appropriate credit!
“As long as the company has a plausible explanation in a bull market people will generally believe it.”
Ain’t that the truth. Woof.
Over the past 25-years, I've learned that virtually everything I was taught has been a lie; the last 5-years saw exponential understanding of that fact. It's all just giant clown show.
I wasn't going vote in the last election, but I voted for Trump to appease my wife, and because he was at least better than Thundercunt. In any event, I seem to become more disappointed in him and his appointees each day . . . but, I'm never surprised by them anymore.
WWJD What would Janet do ? :)
https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-14-25/card/investors-seem-to-be-shunning-dollar-assets-yellen-says-B7q80ttQr6J5wUIGyAA2
Rallies in a bear move make the market weaker. The P n L never lies. No danger no money… 💰
Ball of confusion video is the perfect ending to this post. Nothing ever really changes does it
https://youtu.be/5Ue4_MWwKY8?si=swLH7JtdWYONLOpZ
Ol’Yellen meme coin, priceless :) and that Go fund me Rat suit ! Laughter is best medicine !
Love that bit about Coachella…did you see that people are now financing DoorDash deliveries?
Thank you for a glimmer of sanity in this highly leveraged, financially bankrupt world full of grifters.
Rudy! Great post, but not one linear chart!!??? None! WTF???
Next time!
I realize that Billy Joel's We Didn't Start the Fire, is the same song for a new generation
“Why do the Fed and Treasury ALLOW hedge funds to do this”
For me, and the very small cohort of people I can still call friends post Covid scam, we ask the same question, but in a different way.
To wit, why does the FED and Treasury (and throw the SEC in there for good measure) allow hedge funds to exist at all?
They serve no useful purpose for 99% of the population. And they have been instrumental in the destruction of hundreds of companies and tens of millions of jobs over the past two decades. Their sole purpose is to make a tiny sliver of the population fabulously wealthy, at the expense of everyone else.
In short, they are evil. And the individuals who run them, like Fink and Griffin, et al, are worse than evil and deserve a special place in hell. I have no doubt that is where they are headed.
Why are they allowed to even exist?
They could, and should, be legislated out of existence.
(And please don’t get me started on the use of leverage, short sellers, naked shorts, OTC trading off the lit exchange, dark pools, paper trading of physical commodities , and a plethora of other issues that could all be easily addressed, ultimately facilitating actual price discovery.
Then maybe, just maybe, a decent portion of the 90% who don’t own equities might get interested in again being a part owner of a company whose products or services they use.
A lot of people like to go to a casino a couple times per year for some entertainment and the distant hope they might win some money. But nobody (other than the addicts) wants to go to the casino everyday, because they know the odds are all stacked against them.