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I have to extend my personal gratitude to our esteemed President Joe Biden for his wonderful work and stupendous economic policies. If you are a fellow 30%er come and give praise to our magnanimous leader. I am working on a Mary Poppins improv on Tik Tok.
I've got to give him credit. He promised to shut down industries (oil, coal, etc.). He promised inflation (increase money supply with stimulus). He promised to force businesses to close or decline (pandemic mandates). He promised to increase the regulation burden on companies (reinstating regulations that Trump eliminated). He promised to help China destroy our domestic industries (criticized Trump for trying to start a trade war).
So, yes, Xo Brandon is destroying the economy, exactly what his voters wanted him to do.
And I pity the fools who didn't take all their money out of the stock market like I did.
I looked up in the sky this morning and there he was posing as a cloud. Brandon. There was no mistaking that face. That vacant stare. With one side of his mouth sagging slightly and a bit of cumulonimbus drool streaming from within. And a rainbow behind. It's comforting to know that the Good Father Brandon is watching over his flock from the heavens above.
The sell-off was absolutely needed because the market and all asset prices got ridiculously high from all the covid stimulus so I won't say anything about that except we need to keep quantitative tightening and drive down these asset prices and get this excess liquidity out of the system.
They should never have injected so much money into the system in the first place and driven the stock market up to such ridiculous valuations.
The Sheep would have stocks keep going up forever and just have the entire populous retire and sit on their butts and do nothing with no workers left to do anything. That wouldn't end well. Look at the bright side you got a chance to sell really high and buy back in... a big transfer of wealth for those who timed it right which is basically the people who run the automated trading Bots that make up the majority of the Market's volume
I feel bad for people who just got in the market in the last year or so. Hopefully they’re smart enough to hold and try to wait this one out. It’s getting harder and harder to do though.
Biden's dark winter is transitioning into a lean summer. Will this year be the year the American masses learn to love fried meal worms and cicadas??? Biden certainly is sending us in the direction to find out...
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