If initially successful there might be have been tens of thousands of reinforcements coming to Washington DC.
If we do get a correction it'll likely be tough to trade, and spectacular. Such a bubble up here. Great for daytrading.
A friend of mine applied the old analogy, "A rising tide lifts all boats." I said, "This is not a tide; this is a _tidal_wave_. A tide ebbs and flows, in and out; this is a tsunami of money printing."
Powell is not losing sleep. He knows is not going to be reappointed. He is preparing a personal plan to inflation proof his assets
Every...celebrity book, story, life, is overrated. And the masses eat up that drama like it's the bible. Your next door neighbor could just as well write a book about their personal life's journeys, ups, downs, and turmoils and excitements...and it would be just as equally profound, if not more. The key is in the production, directing and delivery,....hire an excellent Ghost Writer. If you hire an excellent ghost writer, Everyone's story is incredibly profound, moving, touching and magical.
To end hyperinflation Paul Volcker, the central banker who killed inflation in the US in the early 1980's, would have to be reincarnated+ having a free market man as president. Nothing less will be enough once the genie of inflation is out of the bottle.
I'm reading a book entitled "Extraordinary Popular Delusions," which details a number of bubbles in history, such as the tulip bulb bubble, etc. A common thread is how violently the bubbles end. Typically there is not an organized, steady, controlled exit from these bubbles--they do pop, and when they do, all hell breaks loose. Riots ensue, leaders flee the country, beneficiaries go into hiding, property gets destroyed, and people get beheaded.