Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By CoyotePrime (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Market Mayhem Update: Comforting Lies - Don't Fall For Them!

Saturday, May 23, 2020 12:09

% of readers think this story is Fact. Add your two cents.

Adam Taggart,

“Market Mayhem Update: Comforting Lies – Don’t Fall For Them!”

“Last week’s observed bearish engulfing has so far proved a non-event as the markets continue to reach maximum stupid heights lifted by Jerome Powell’s recent soothing remarks to the nation on 60 Minutes. The trouble is, so much of what Powell said in that interview just isn’t true. He claimed the US economy was in a great place pre-coronavirus. The claim completely ignores the repo market rescue the Fed has been engaged in since September, in which it has been forced to provide hundreds of $billions to keep overnight repos functioning.

Even more duplicitous, Powell advised against worrying about the massive increase in $trillions of new debt the country is taking on right now. In his words, once covid-19 infections become contained, the country will return to growth and adopt a fiscally prudent program of paying down the debt.

What? Powell knows first-hand this will never happen. He’s just not being honest with us here. After all, he took over the reins at the Federal Reserve to preside over the unwinding of the Fed’s balance sheet, which had ballooned from $800 billion in 2008 to $4.4 trillion ten years later. But when he attempted to reduce the Fed’s holdings (aka, quantitative “tightening”), the market threw a hissy fit and Powell quickly capitulated.

He realized that today’s asset prices have become so dependent central bank support that ANY kind of tightening of monetary policy threatens to kill the markets. All he managed to do was shave off a few hundred billion before he was forced to start adding them right back via the Fed’s “not-QE” easing program that began in September.

The Fed has added nearly $3 Trillion of liquidity since March!! And as Powell said on 60 Minutes, there’s likely plenty more coming before this is over. So Powell really expects us to believe that we’ll be able to unwind THIS without collapsing the financial system?

There are so many reasons to worry about your financial capital right now. If you’re sitting in cash, are you going to watch its purchasing power vaporize as the Fed (and the banking system) creates more $trillions from thin-air? If you’re invested in the markets, are you at risk for losing a substantial chunk of it in the near term if it turns out we are indeed in a bear market rally head-fake and a 50%+ correction ensues?

As we do each week, we’ve once again asked the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, to share their latest insights into the road ahead for investors. In the video, we dissect Powell’s statements and their impact on the markets, address the ramifications of the rising trade and human rights tensions between the US and China, and talk about potential strategies for those investors either holding either mostly cash or mostly stocks/bonds.”

- https://www.greylockpeak.com/

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2020/05/market-mayhem-update-comforting-lies.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,708,481,952
Stories:	8,450,474