Powell won't fire anyone for the gross incompetence of SVB supervision, won't fire anyone for de-banking, and won't fire anyone for stonewalling Senators.
He protects the bureaucracy from accountability.
I have no proof, but I also have zero doubt that all the people telling you renting and investing the difference in the S&P 500 are renters, blowing the difference on stupid stuff, and have no investments whatsoever.
Nortel & Cisco's collapse during the Dot-com era by the use of "vendor financing", where a vendor loans $ to customers so they can buy their products...
Exactly what Nvidia $NVDA is doing right now.
youtube.com/watch?v=sDdC3-…
Good evening.
At this point, we have a White House Chief Economist who is not certain how US Treasuries work, and a Secretary of Commerce who is not aware of data from Bureau of Labor Statistics.
Have a great night.
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