The average citizen lacks any real understanding of Central Banking all they know are uneducated talking point from ๐ that have the same or less power over their lives & the system as a whole that gave rise 2 them at leverage while they are none the wiser they are referred to by the architects of the system as... ๐ค๐ ( working class / human capital)
Scandals like Enron, Madoff, & now FTX are just bi-products of easy money policy that gives risk to excessive risk seeking behavior by the ๐ which the FED understands most be corrected out of the system in order to maintain the 100 yr + trajectory they have done with the United States of America & ensure the survival of the livestock in the farm so the country has a stable to growing labor pool to remain an ongoing concern. There is a reason Steve Jobs didn't care what the peeps in the mailroom complained about and that is cuz its not their system and they have no idea how lucky they are to even be part of it ๐ง
This cycle with FTX is just one more demonstration of just how much The Federal Reserve is the market & really knows what they are doing. As painful as the de-risking process the Fed puts the country through can be we can see on the macro that it is indeed a necessary evil to flush out back actors that form during easy ๐ฐ policy cycles โป๏ธ & before they can grow even larger & more damaging to the system as a whole ๐ค
Bear ๐ป markets end in mass graves ๐ so these events are ๐ 2 bringing aboutthe depression phase of the cycle & bottoming out the market before the Fed engineers new growth ๐ Patiently waiting for 2024 ๐ก
Awesome call, loved the detailed description of how the FED has to flush out the bad players before further growth, to basicly reset the system.
MoSalah
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Kaz, a couple of us were looking at the market/chart and itโs reaction to the Kippur war. What are your thoughts on whatโs happening in Israel today and itโs effect on the market ? Thanks in advance
abrakadabracorp
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Great and simple for understanding explanation of market cycles, thank you!
serverleader
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LFG!
Ericcramer
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Great work if this is anything like the 2000 crash or 2008 would the target be closer to the 5500 - 8000 range? Thank You