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"We Track the Financial Collapse For You,
so You'll Thrive and Profit, In Spite of It... "
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David Haggith: Federal Reserve crashes plane in route to “soft landing”
When the Fed did test a similar flight plan back in 2018, it ran erratically all year and ended when the Fed dove its plane into the frozen earth that December. Embolden by those results, Fed pilots will attempt similar maneuvers again this May with no more training but a lot more altitude….
Let me begin by showing you this aerial demonstration of the Federal Reserve’s carefully orchestrated plan for bringing the US economy down for a soft landing:
Caution: Federal Reserve Plan test pilots are carefully trained aerobatic professionals. You should not conduct this experiment on your own home bank account or anywhere near living human beings. All Federal Reserve pilots carry golden parachutes so as not to injure themselves while conducting their stunts. All Federal Reserve pilots are members of the F.O.M.C. (the Flying Off Main Course club).
One plane was lost in the filming of this maneuver. It crashed into a stock yard, and killed the market bull it landed on. Hence, the name of the team — “Red Bull.” Very red. Very, very red.
It should be noted that, while stock and bond prices have been falling simultaneously, the Federal Reserve has not yet begun carrying out its emergency flight plan. It hasn’t even slowed its engines to start descent. It is still adding fuel to the nation’s money supply by expanding its balance sheet with gentle nudges of the throttle.
When the Fed did test a similar flight plan back in 2018, it ran erratically all year and ended when the Fed dove its plane into the frozen earth that December. Embolden by those results, Fed pilots will attempt similar maneuvers again this May with no more training but a lot more altitude. Perhaps the greater height from which they are attempting to lower their balance sheet will give them more time to correct for errors. Or maybe it will just give them more space for gaining speed before they hit the ground.
How has the Fed’s flight gone so far?
Meta, a metasexual pilot, known for their flying ace nickname, Faceplant, has been achieving aerobatic greatness with the Fed for some time, and here is a digital image of their recent vertical flight path and landing:
As you can see, they got a nice bounce at the end of the ride. Unfortunately, bouncing your plane is not really the idea.
Other high-flying stocks have gone for similar deeply red rides over the past six months, with their declining flight path starting perfectly coincident with the Federal Reserve’s initiation of its balance-sheet taper, a maneuver in which the Fed doesn’t actually remove any fuel from the economy, but merely attempts to reduce the amount of added thrust, intended to slow the rate of rise … for just about everything. The arrow in each graph marks the spot in the journey of each of the nation’s highest fliers where the Fed began to taper its fuel increases.
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