The Federal Reserve has a financial stability mandate. Asset bubbles are not stable prices. Spiraling debts are not stability. 0% rates are not stable. No way out of a Neg Feedback Loop is not stability

All the years before QE and the ones since. 🤔 Socialism for the rich. Courtesy of the FED@EricRosengren @RobSKaplan @RaphaelBostic @marydalyecon @neelkashkari @DiMartinoBooth @nomiprins @steveliesman @NickTimiraos @michaelsantoli @michaelsderby @Claudia_Sahm @RalphNader pic.twitter.com/Xg5ySMgkBE — M/1_LP (@MI_Investments) August 9, 2020 Financial assets vs …

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Sector Rotation and Positioning

by soozler This isn’t a full DD post because I am too lazy to pull all the various numbers as statistics. It also isn’t really fundamentals, since those haven’t existed since March. But I would like to share my thoughts …

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Mohamed A. El-Erian: “Gold is starting to attract people who are worried about all sorts of things: worried inflation, worried about Armageddon risk, worried about the dollar…”

"Gold is starting to attract people who are worried about all sorts of things: worried inflation, worried about Armageddon risk, worried about the dollar," says @elerianm on gold prices. "I expect gold prices to remain strong from here." pic.twitter.com/LobjdM3hTU — …

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Do you want to fight the Fed or do you want to buy the most expensive market in history?

https://twitter.com/NorthmanTrader/status/1292755160037564419 The #VIX index has dropped to pre-#Covid19 levels, but is expected to start to rise in the run up towards the #USElections2020 pic.twitter.com/Am3MsoajQu — jeroen blokland (@jsblokland) August 10, 2020 https://twitter.com/yuriymatso/status/1292639005037572097 https://t.co/gxJiIsabpb — Teddy Vallee (@TeddyVallee) August 10, 2020 …

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“The liberals were outraged by Trump, but they expressed their anger in cyberspace, so it had no effect, because the algorithms made sure they only spoke to people who already agreed with them.” Adam Curtis, “Hypernormalisation” documentary (2016)

HyperNormalisation Synopsis: “HyperNormalisation tells the extraordinary story of how we got to this strange time of great uncertainty and confusion – where those who are supposed to be in power are paralysed – and have no idea what to do. …

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