halalmoney on Nostr: “the system becomes more and more dependent on fake money, and the underlying ...
“the system becomes more and more dependent on fake money, and the underlying economy is forgotten. despite equities remaining only 10% from highs, labor force participation is at the same level as march 1978. nvidia rallies to all time highs, while fentanyl overdoses climb in tandem.
all basic logic flies out the window. a lackluster jobs report? equities rally. low unemployment print? massive selloff in spy futures. bad news becomes good, and good news is bad, as now the major variable on everyone’s mind is what will the fed do?
this is the upside down. all traditional behavioral economics is thrown out- with the new paradigm only relying on central bank actions. we rally whenever jobs numbers are bad, because this means the economy is doing poorly, unemployment could rise, which would give powell a justification for more qe.”
https://stacker.news/items/317424/r/halalmoney
all basic logic flies out the window. a lackluster jobs report? equities rally. low unemployment print? massive selloff in spy futures. bad news becomes good, and good news is bad, as now the major variable on everyone’s mind is what will the fed do?
this is the upside down. all traditional behavioral economics is thrown out- with the new paradigm only relying on central bank actions. we rally whenever jobs numbers are bad, because this means the economy is doing poorly, unemployment could rise, which would give powell a justification for more qe.”
https://stacker.news/items/317424/r/halalmoney