Just after the 1987 crash...I was chatting with a trader, and he stopped mid-conversation to take a call, scribbled down a big order, and he turned to me and said, "That's the Fed buying futures." Wow.
You are truly a fountain of knowledge. This Substack gives people like me an opportunity to learn a subject in the kind of nuanced and detailed manner I would never be given without people like you and the internet.
There were a few things that happened 2016-2020 that were good for me and my family, but nothing since 2020 has been good for any of us. And since we live in California, everything that the Fed gov't does is nothing compared to what our state gov't does to make our lives worse.
The only positive is that it seems more people are waking up.
Well, on a separate note I'm quickly joining the RH club. Got banned for a totally inane joke about Pelosi going to Taiwan and the Chinese shooting her down. Minor 12 hour ban, but at this point, kinda hoping Musk wiggles out of the deal, the board fires the CEO, and $TWTR goes to $3, permanently
I think QE made everything much worse for most, but it really helped guys like Larry Fink, Ray Dalio and Ken Griffith, plus was very rewarding for Bernanke and Yellen.
I will need to think long and hard about this discussion. I could always feel what was going on, but I couldn't articulate it. It's beyond words, really. It really is a time for much circumspection... certainly, indeed, humanity is at the crossroads.
The Fed's smoke-and-mirrors game is so convincing, the Fed's own executives get taken in by it. Why wouldn't they buy futures? With the Fed's MMT wizardry in complete control of everything, the future's so bright we gotta wear shades!
Hi Rudy,
You are truly a fountain of knowledge. This Substack gives people like me an opportunity to learn a subject in the kind of nuanced and detailed manner I would never be given without people like you and the internet.
The price the world pays for the absence of actual journalism in the American MSM is simply staggering.
There were a few things that happened 2016-2020 that were good for me and my family, but nothing since 2020 has been good for any of us. And since we live in California, everything that the Fed gov't does is nothing compared to what our state gov't does to make our lives worse.
The only positive is that it seems more people are waking up.
👍
Hi Mr. Rudy --
I'm confused... Did you get back on Twitter? All of a sudden you're back in my timeline, apparently with the same account.
And, it appears that they've already started messing with your posts again.
Anyway, if you have a moment can you please clarify?
Thank you. And thank you for your work to get information out to the world!
Yes, allowed back a few weeks ago after being banned for two months. Thanks.
Damn 2 months? I need to check out the story. I can’t imagine you doing anything dodgy
Well, on a separate note I'm quickly joining the RH club. Got banned for a totally inane joke about Pelosi going to Taiwan and the Chinese shooting her down. Minor 12 hour ban, but at this point, kinda hoping Musk wiggles out of the deal, the board fires the CEO, and $TWTR goes to $3, permanently
Or, Musk buys twitter, fires everybody as promised, and lets Trump tweet unconstrained to piss of the censors at twitter.
Plunge Protection Team. A lot of bang for the buck in the wee hours of the morning futures market.
Monetary policy always been this messed up or did it all change in 2008?
I think QE made everything much worse for most, but it really helped guys like Larry Fink, Ray Dalio and Ken Griffith, plus was very rewarding for Bernanke and Yellen.
100%
Since 1972. The last tie to gold went.
I will need to think long and hard about this discussion. I could always feel what was going on, but I couldn't articulate it. It's beyond words, really. It really is a time for much circumspection... certainly, indeed, humanity is at the crossroads.
For me? It's gerentocratic anarchotyranny.
The Fed's smoke-and-mirrors game is so convincing, the Fed's own executives get taken in by it. Why wouldn't they buy futures? With the Fed's MMT wizardry in complete control of everything, the future's so bright we gotta wear shades!