Americans are living inside one big fat anomaly. I’ll explain later. No, I’ll begin my explanation now. I mean why should I wait hoping that you’ll “get it”. Anomalies used to be “one-offs” back in the day, back in the America I grew up in. These days they come in by the half dozen and almost monthly it seems. I’m going to point out some of these things, things that continue to baffle us Conservatives and most Economists far and wide, limiting most of you to nothing but a Biden-sized speech impediment. You know the kind of confusion that this [faux] president emits on a daily basis? He’s so confused but my aim is to always provide you with the facts which are nowhere near this prevailing Leftist agenda. It appears everything we see and hear these days is wrapped-up rather neatly inside a clusterfuck of anomalies!
I don’t know about you but I see current conditions getting uglier by the day. We are witnessing the largest inverted [spread] between the 2 and 10-year U.S. treasury yield on record [in over 40 years!] Nine times out of ten a treasury yield curve inversion predicts a forthcoming “recession”; that a wide sweeping economic downturn is on the way. I’ve written on this topic before as it’s been inverted [since late 2021]. However, now the inversion has grown to outsized proportions, even extending past 100 basis points! But after two consecutive quarters of negative GDP, the U.S. posted a positive 2.0% growth in the 2nd quarter. Has the high probability of recession passed? Probably not, those two negative quarters in a row could have been just a dress rehearsal, it’s still too early to tell.
Meanwhile, it took the Supreme Court to strike down the Leftist Utopian idea that somehow tax payers who paid off their own student debts now owed the all Leftist institution’s known as American colleges and universities. That somehow, some way, the Democrats were going to have everyone but the debtor pay for little Johnny’s insistence on majoring in “Gender Studies”. These Leftist institutions led little Johnny to believe he could get a job and actually pay back his college loans. This has now been placed back into the hands of the Leftist organizations which dreamed up the horrible idea as a college major in the first place!… that’s one anomaly averted.
Suffice to say that there are several more anomalies that have formed. We have a President who has taken bribes while acting as both Vice President [under Obama] and now President. He continues to ignore Communist Chinese aggression against the United States because again, he cut deals which yielded him and his family $millions in “bribe” money. That’s funny, because bribe also ends with an “e”. Our Judicial System has become yet another anomaly – these folks are corrupt as the day is long. They have refused to bring justice to the American people allowing The Biden Crime Family to continue to operate their nefarious activities over and over and over again. Plus, new evidence shows that cocaine was discovered inside the White House, cocaine is an illegal drug. When will this Crime Family be removed from our White House? That’s anomaly number three or four because if the Republicans aren’t careful, Kamala Harris [who’s brain operates at a third grade level] could step into the lead role becoming President. How ugly would that be?
Let me mention a few more anomalies, most [but not all] U.S. newspapers and media networks continue to ignore the Biden Crime Family activities, and the incompetency(ies) which is rampant throughout his administration. Things have been let to stand including criminal activity while woke Leftist ideologies/agendas have seeped into all federal agencies. If you don’t hear about this fact daily you are part of the problem – not the solution. I’ve never seen this country taken captive by Socialists [and their corruption] at a grander scale than what have witnessed over the past few years. We cannot trust this government to right any wrongs as corruption and incompetency are now over the top! The Democrats are set to run an incumbent President in the 2024 election who can’t put together a clear sentence and has committed Treason against the People of the United States, accepting what amounts to 10s of $millions in foreign bribes.
Let’s take my argument a step further – by living under all these anomalies, how can one trust the financial markets anymore, or even your personal bank deposits? All we receive out of Washington and Democrat-run news outlets are lies and further deception. The Democrats have politicized all federal agencies with a woke agenda, from the Treasury to the IRS to the SEC to the FBI and all federal bureaucrats in between. Who remains standing that Americans can trust?… let me help you with that, not one single Democrat who heads up any agency or holds office.
To be sure, something of historic proportion is about to happen. People that put “positive thoughts in the atmosphere” 24/7 aren’t speaking their minds, they have been silenced by the woke around them. Are they devoid of thought or do they really think they can heal the world? Think of the Federal agencies you’ve listed add in the the media and ask; didn’t Hitler control the same?
I don’t know where this is all going, all I know is I wouldn’t be hitching a ride on this tour bus. If I do decide to tour I’ll arrange my own transportation. I’m not a Perma bear, I’ve been Bullish on the economy before, and plenty of times when others had doubt, [2016 being a great example], but now I’m doubting the enthusiasm of others – the table has turned.
Things are starting to crack, short covering is over. Never short July, always long as the greatest of odds are in your favor. I’m probably going to start buying puts soon. All indices are overbought (RSI & MFI).
This will be one of the more interesting Fall Seasons on Wall Street and the White House no doubt, given either way it ends up really. I’m placing my bets on all those Wokes finally getting “woken up” to reality? How long has it been since we’ve touched down on reality in this country? I’m talking about in regards to all those running federal government agencies, it’s been a good while… one can only hide the truth for so long and that’s it.