1456 sats \ 7 replies \ @kepford 14 Dec 2023 \ on: Wrong? Early? I’m Not Sure econ
I'm reminded of clips of the financial experts right before the 2008 crash saying everything is OK.
We are not out of the woods for sure. This is how it works. We are kicking the can down the road so the crash will be worse.
From what I can tell, most "experts" say what they're supposed to say. They're experts at relaying a pre-defined message that has nothing to do with reality. They're frontmen for big corporations with specific interests.
Figuring out what's actaully happening is not easy. I think the best way is to follow intelligent people that don't have hidden intentions, although how can one be sure of that nowadays?
I like Lyn Alden for example.
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The whole thing is rather absurd. Watching for what one man says. Speculating on his every word. Its just what people do so it seems normal. Its not. Oh and bitcoin is weird? Nah
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Yep. Agreed.
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one alternate take on today’s events could be that the reason for signaling lower rates is due to problems that Powell might be seeing today which aren’t widely recognized yet.
do you think we’ll see another cycle of near-zero rates before the crash? what assets do you think will crash the most?
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Honestly, I don't even know what Powell said. Had my head down working today.
Regarding rates I don't think they can keep them up due to political pressure. There's an election after all. But I have no clue when the crash will come. I suspect in the next year or two though. Its a gut feeling for me. Its also not just interest rates or money printing. Its still fallout from global lockdowns.
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