Markets news n°37
And it is back!
> Biden re-nominates Powell as Fed chair, praising the progress made in the USA
***********************
Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can expect the monetary base to continue to expand at the high pace started a few years ago (followed a couple of years pace higher than the previous one which itself was higher than the previous one).
The Federal Reserve has a statement (+ economic numbers) later today (24/11). Maybe a catalyst for markets to move strongly, even more strongly. The WH decision might have ended a period of price uncertainty, finally things can get moving!
whitehouse.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair/
> ECB Lagarde also announced nothing will change despite inflation far above target
***********************
Guess what? The game of ping pong continues between the US and EU. No that's not ping pong. How do you call the first one that moves loses? Hold my beard first to laugh loses? Anyway, here we go again: Despite inflation more than double of target in Europe (at 4.1% last I heard) Lagarde said rates would probably not increase in 2022. The evil conspiracy of "forcing growth" is ongoing. I'm sure it's going to work out just great.
If they create big moves and easy money in the market remember you need to make 4-5% just to breakeven. Passive "rentier" type boomers and unskilled bottom of the chain labor are the ones that lose. And yellow vest protests in France will never end, not until they get a "right-winger" elected, we're getting pretty close now. France might get its own Trump next year. But does anyone mind the transfer of wealth from passive rentier boomers and heirs to active investors? I don't (obviously).
> Europe bankers approved new system for stablecoins and more, but said "no rush"
***********************
The ECB’s Governing Council announced 2 days ago they approved a new oversight framework for electronic payments, the "payment instruments, schemes and arrangements", or ‘Pisa’, framework. In particular in includes cryptos and stablecoins.
2 weeks ago at the Singapore Fintech Festival several banksters said the adoption of crypto should not be rushed, there should be more caution, while crypto entrepreneur(s) (Nick Ogden from RTGS.global) said it should go faster. Well no big surprise, that's not even news. Entrepreneurs are horny, bankers hate risk.
ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html
> Happy anniversary! Exactly 50 years ago journalists promised they would never lie
***********************
Here's something that brings a smile: The Munich Declaration of the Duties and Rights of Journalists was signed by six syndicates of journalists of the six countries of the European community in Munich the 24 November 1971. 50 years. A lot has changed...
Here are a few juicy bits:
1) Respecting the truth no matter what consequences it may bring abut to him, and this is because the right of the public is to know the truth. HAHA!
2) Defending the freedom of information, of commentaries and of criticism. CANCEL HIM!
6) Correcting any published information which has proved to be inaccurate.
8) Abstaining from plagiarism, slander, defamation and unfounded accusations...
9) Never confusing the profession of journalist with that of advertiser or propagandist...
10) Refusing any pressure and accepting editorial directives only from the leading persons in charge in the editorial office.
> Elon Musk dumps his ponzi bags like Charlie Lee did, and crashes TSLA share price
***********************
Remember when Charlie Lee sold his LTC ponzi beans at the very top in 2017 and collapsed the price? With some laughable excuse "I want no conflict of interest". Well richest crook in the world Elon Musk pulled a Charlie Lee, if I understood correctly to keep it simple basically his insiders and investors said in their own words he was a manipulative narcisist and Tesla was better off without him. Similar "conflict of interest" magic trick the guy at the top of the Litecoin pyramid scheme did. Didn't Vitalik also say some similar nonsense? He just wanted to retire from coding at 20, just live off his bags. Lazy.
Price could be early in a correction
> From the WSJ: covid deaths in 2021 in the USA have surpassed the 2020 number
***********************
Americans, champions of obesity, recently surpassed their previous record in the area of covid deaths. And there is another month to go. The record was surpassed by early November, and 2020 death did only start in March-April. So it's going to be I guess about as bad. Despite all the vaccination and boosters and lockdowns and masks and capitalistic vitamin health improvement pills suckers buy and absolutely-everything-possible-except-losing-weight.
If I may give my personal experience I noticed my landlord, before 2020, was in charge of managing his clients, went out to walk every day. And after 2020 lockdowns his wife was managing everything and he was barely standing, with a stick. I think he is recovering he is walking faster than a turtle now. I thought he was about to die, these covid "saving lives" policies really hit him.
That's the only old person I know (and I haven't gotten anywhere close to him, self distancing), otherwise I haven't gotten sick in 5 years and if the media didn't tell me I wouldn't even know this virus existed. Living among us there are millions of terrified, isolated old childless boomers that never go out I don't even know exist - other than from statistics. Just rotting in their houses, waiting to die, right under my nose. A bit crazy to think of. Bruh I just thought... maybe there are some thousands of houses with dead people in them right now. Did anyone check? Damn.
The WSJ is suggesting the reason for this virus still being so relatively deadly is lower-than-expected immunization rates as well as fatigue with precautionary measures like masks. Interesting because a few days ago France PM caught covid and seems he gave it to other members of the government, after he was seen not wearing a mask and touching everywhere with his hands. He is getting roasted a lot.
wsj.com/articles/u-s-covid-19-deaths-in-2021-surpass-2020-11637426356
> Biden re-nominates Powell as Fed chair, praising the progress made in the USA
***********************
Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can expect the monetary base to continue to expand at the high pace started a few years ago (followed a couple of years pace higher than the previous one which itself was higher than the previous one).
The Federal Reserve has a statement (+ economic numbers) later today (24/11). Maybe a catalyst for markets to move strongly, even more strongly. The WH decision might have ended a period of price uncertainty, finally things can get moving!
whitehouse.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair/
> ECB Lagarde also announced nothing will change despite inflation far above target
***********************
Guess what? The game of ping pong continues between the US and EU. No that's not ping pong. How do you call the first one that moves loses? Hold my beard first to laugh loses? Anyway, here we go again: Despite inflation more than double of target in Europe (at 4.1% last I heard) Lagarde said rates would probably not increase in 2022. The evil conspiracy of "forcing growth" is ongoing. I'm sure it's going to work out just great.
If they create big moves and easy money in the market remember you need to make 4-5% just to breakeven. Passive "rentier" type boomers and unskilled bottom of the chain labor are the ones that lose. And yellow vest protests in France will never end, not until they get a "right-winger" elected, we're getting pretty close now. France might get its own Trump next year. But does anyone mind the transfer of wealth from passive rentier boomers and heirs to active investors? I don't (obviously).
> Europe bankers approved new system for stablecoins and more, but said "no rush"
***********************
The ECB’s Governing Council announced 2 days ago they approved a new oversight framework for electronic payments, the "payment instruments, schemes and arrangements", or ‘Pisa’, framework. In particular in includes cryptos and stablecoins.
2 weeks ago at the Singapore Fintech Festival several banksters said the adoption of crypto should not be rushed, there should be more caution, while crypto entrepreneur(s) (Nick Ogden from RTGS.global) said it should go faster. Well no big surprise, that's not even news. Entrepreneurs are horny, bankers hate risk.
ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html
> Happy anniversary! Exactly 50 years ago journalists promised they would never lie
***********************
Here's something that brings a smile: The Munich Declaration of the Duties and Rights of Journalists was signed by six syndicates of journalists of the six countries of the European community in Munich the 24 November 1971. 50 years. A lot has changed...
Here are a few juicy bits:
1) Respecting the truth no matter what consequences it may bring abut to him, and this is because the right of the public is to know the truth. HAHA!
2) Defending the freedom of information, of commentaries and of criticism. CANCEL HIM!
6) Correcting any published information which has proved to be inaccurate.
8) Abstaining from plagiarism, slander, defamation and unfounded accusations...
9) Never confusing the profession of journalist with that of advertiser or propagandist...
10) Refusing any pressure and accepting editorial directives only from the leading persons in charge in the editorial office.
> Elon Musk dumps his ponzi bags like Charlie Lee did, and crashes TSLA share price
***********************
Remember when Charlie Lee sold his LTC ponzi beans at the very top in 2017 and collapsed the price? With some laughable excuse "I want no conflict of interest". Well richest crook in the world Elon Musk pulled a Charlie Lee, if I understood correctly to keep it simple basically his insiders and investors said in their own words he was a manipulative narcisist and Tesla was better off without him. Similar "conflict of interest" magic trick the guy at the top of the Litecoin pyramid scheme did. Didn't Vitalik also say some similar nonsense? He just wanted to retire from coding at 20, just live off his bags. Lazy.
Price could be early in a correction
> From the WSJ: covid deaths in 2021 in the USA have surpassed the 2020 number
***********************
Americans, champions of obesity, recently surpassed their previous record in the area of covid deaths. And there is another month to go. The record was surpassed by early November, and 2020 death did only start in March-April. So it's going to be I guess about as bad. Despite all the vaccination and boosters and lockdowns and masks and capitalistic vitamin health improvement pills suckers buy and absolutely-everything-possible-except-losing-weight.
If I may give my personal experience I noticed my landlord, before 2020, was in charge of managing his clients, went out to walk every day. And after 2020 lockdowns his wife was managing everything and he was barely standing, with a stick. I think he is recovering he is walking faster than a turtle now. I thought he was about to die, these covid "saving lives" policies really hit him.
That's the only old person I know (and I haven't gotten anywhere close to him, self distancing), otherwise I haven't gotten sick in 5 years and if the media didn't tell me I wouldn't even know this virus existed. Living among us there are millions of terrified, isolated old childless boomers that never go out I don't even know exist - other than from statistics. Just rotting in their houses, waiting to die, right under my nose. A bit crazy to think of. Bruh I just thought... maybe there are some thousands of houses with dead people in them right now. Did anyone check? Damn.
The WSJ is suggesting the reason for this virus still being so relatively deadly is lower-than-expected immunization rates as well as fatigue with precautionary measures like masks. Interesting because a few days ago France PM caught covid and seems he gave it to other members of the government, after he was seen not wearing a mask and touching everywhere with his hands. He is getting roasted a lot.
wsj.com/articles/u-s-covid-19-deaths-in-2021-surpass-2020-11637426356
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