Powell did not disappoint and gave a clear picture of what the Fed plans to do with interest rate and warned the public that some pain is expected. That clear message should never be needed if S&P just drop to 3400. As I explained last week, the aggregated effect of all past interest policies can be simplified to the relative price level of S&P500 because wealth effect is very real in affecting the spending habits of the top 20% of those who own equities.
A good presentation video made from a discussion of the Blackrock paper by Lyn Alden. The issue is that there is no way out at this point with so many governments having a debt level well beyond bankruptcy. Maybe it is why they all push for wars everywhere so that the debts can be wiped out.
A balanced video on a special development happening in Ukraine by Kim Iverson. I don’t care what your stand is for the Russia-Ukraine conflict. MSM are not doing their jobs when all they are doing in the past few years is misleading the public and lied 100% of the time.
On the lighter side, a serious discussion about men taking more Viagra then ever.
I am way behind with my email correspondence over the past few weeks due to heavy schedule of meetings and catch up with various projects. I will be working on my responses this week.
Have a great weekend all!
