Making God Laugh

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Perhaps you’ve heard of the way to make God laugh: tell him your plans. I suspect the treasonous fool Jerome Powell fits in that category. Behold the four charts below.

slopechart MISERY
The MISERY index, which reached a generational bottom and is guaranteed to soar now, as joblessness roars higher.
slopechart FR STLFSI
The FINANCIAL STRESS INDEX. Notice an uptick lately?
slopechart FR TREAST
Here are the SECURITIES HELD BY THE FED. Notice the gentle slope when they tried to “normalize”. You see how long that lasted.
slopechart FR WALCL
Finally, here’s the TOTAL ASSETS HELD BY THE FEDERAL RESERVE.

Game over, man.