Flatly untrue. 2008 was the first the time Fed did QE since the Roosevelt administration, yet bank lending still increased between 1945 and 2008. 2008 was also our first time for ZIRP. Furthermore, there is no evidence that QE has done what it was designed to do--that is, it has not resulted in an increase in bank lending.
I am holding still...but i can promise you this my diamond handed brother... Last spring when all of WSB went bearish i was the gayest bear of them all...plunged hard much like this time, made quick profit and was diamond hands horner...after the market rebounded i was still diamond hands thinking unemployment would cause another crash...that v bottom recovery crushed me and pretty soon i was the last gay bear diamond hand left...all my profit was wiped out and i took a loss like a fucking bum...after trading through that incredible opportunity LIKE A BUM. im all about the diamond hand life but i aint letting it turn into a loss this time...i really dont give a fuck how RIGHT we are.
Unemployment is a lagging indicator--more effect than cause. Typically, when economies are recovering from a recession, unemployment continues to rise for a while even though the economy is getting better.
Silver futures. Down it goes since yesterday US session. it has dropped 620 ticks = US$15 000 / lot!!!! Will it drop further? Who knows it might go to where it came from. it is not easy to corner/manipulate high value product. also do note that silver and gold are rather intercorrelated. That is why manipulators prefer to manipulate penny stocks. Anyway, manipulators are harmless people. In fact, they provide trading opportunities. Which is the next product to be short squeezed / manipulated?
Fractional (Fed managed) banking will do that. Read a book or two on the subject. The Fed doesn't dare pull QE/ZIRP because it will cause the collapse of the bubble economy they've created. All they can do is to continue to prop it up, which will only put things off and increase the magnitude of the eventual crash.
down it goes again during today's US session. Congrats to those who shorted it yesterday and traded with the downtrend.
Silver was never a Reddit event or a short squeeze. That whole angle is being overpromoted. $27 is quite a healthy level for Silver; not far off the key break out level of $30 but comfortably above previous support at $24. Miners are the play not the metal price. I'd note that in the last 30 years both times Silver reached these levels it found it's way to $50 in short order. No guarantee it will this time but 2/2 in the past suggests it's far more likely then some of you day traders are realizing.