JonLaw

Britney Spears.

You are definitely having fun.

While we are all patiently waiting for the trend to change, can we get some street level pictures from Provins and Troyes when you have a chance?

They have the best interests of the general public in mind. Obviously the yield is going lower. Probably to -5,000 percentings. You need to be nice to the professional people who know what is really going on. If you are mean to them, they will not like u.

Stagflation is bullish if the Fed decides to start flooding the system with money because of an impending recession.

I thought that Bosnia was a gentle region full of green rolling hills and simple folk who work together in total harmony with both nature and each other.

"I mean, the CPI is 8% for cripessake and the Fed pegs its fake rate at 1.5 to 1.75. Yet Wall Street applauds the Fed for getting serious about fighting inflation." You really need to stop being so critical of the Fed. As you know very well, 1.75 is much much higher than 0.25. I mean, they are making the numbers go up. What more do you want from them? If you start at 0.25, then 1.75 is 600% higher. That's a huge percentification. That's 600 basis points! That's incredible. He's Volcker II. Who other than Jerome Powell would have had the courage to raise rates by 600% in a matter of months? They could have just left interest rates at 0 and continued QE. They knew enough to stop poofing massive amounts of money into existence! They knew something was wrong! Doesn't that count for something? I mean, nobody knew that inflation was not going to be transitory. Who could have guessed that inflating all financial assets well beyond the realm of reason was going to result in problems? We had a pandemic! We have a Russia thingy. Bitcoin was about to become legal tender.

"As I am fond of pointing out, the long term conventional measured move target for BTC is negative 5000. That's right. 5000 below zero." 5000 below zero is its actual intrinsic value. That's because BTC is the only fake money that takes a ton of energy to maintain. It's as though instead of Monopoly having paper money, it had battery powered electric money that you had to keep plugged all the time or the denominations disappeared. Mining bitcoin is like mining gold, except that instead of ending up with gold, you end up with a higher electric bill.

As much as it pains me to say it....yes, that is an exceptionally good headline. And it's also accurate, which makes the headline even better.

That wasn't a very exciting bear market rally. I thought we would get something more exciting this year before the Fed actually started unpoofing the money that they should never have poofed into existence in the first place. I've been arguing with a local financial advisor here. His indicators went negative in February and he started putting his clients into some kind of downside hedged Rube Goldberg contraption, which he admitted is still going to get him negative returns. Now, he's paid on assets under management, so he's not getting commissions, but I told him that he should put the money into a treasury money market or short treasury paper if you have to buy something. My head was starting to hurt last year when he was talking about the awesome returns from technology stocks as this pending fiasco was building. My respect for him did go up somewhat when he actually hedged his clients this year.

So, the squiggly jumpy line has left the green and red space and is now in the purely red space. Isn't that bad for the squiggly jumpy line? Is there anything we can do to help the squiggly line get back to the happy green space?

I'm hungry. I would love some pizza.