This commentary was posted by "Depth Charge"
on wolfstreet.com May 8,2023
"Jerome Powell ( US Federal Reserve Chairman) is peddling a fantasy.
Every single word out of his mouth about inflation has been wrong.
He is a practiced liar,who is destroying the financial lives of all but the most wealthy.
And he and his cohort continue unabated.
The longer this inflation goes on,the worse the long term damage for most.
It benefits a very small sliver of mankind,but they're the ones pulling the strings.
The future of the young was stolen - quickly - and is currently parked
in the bank accounts of the billionaires and hundred millionaires.
This is the greatest financial swindling in US history "
Strong stuff,but certainly has a substantial degree of credibility.
April CPI Report is due out tomorrow morning at 830 am
The financial markets will be paying very close attention to this one.
SPX 10 AM OPEN 4125.68
THE_UNWIND
WOODS OF CONNECTICUT
on wolfstreet.com May 8,2023
"Jerome Powell ( US Federal Reserve Chairman) is peddling a fantasy.
Every single word out of his mouth about inflation has been wrong.
He is a practiced liar,who is destroying the financial lives of all but the most wealthy.
And he and his cohort continue unabated.
The longer this inflation goes on,the worse the long term damage for most.
It benefits a very small sliver of mankind,but they're the ones pulling the strings.
The future of the young was stolen - quickly - and is currently parked
in the bank accounts of the billionaires and hundred millionaires.
This is the greatest financial swindling in US history "
Strong stuff,but certainly has a substantial degree of credibility.
April CPI Report is due out tomorrow morning at 830 am
The financial markets will be paying very close attention to this one.
SPX 10 AM OPEN 4125.68
THE_UNWIND
WOODS OF CONNECTICUT