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There are times when people have shared with me screen shots of their balance page from their brokerage or crypto accounts. I didn’t ask to see it, but there it is, like an unexpected dick pic. This isn’t the kind of thing I normally do, since I consider it absolutely gauche, but I’m going to make an exception for a special reason. This is regarding my own crypto account, and I’m going to start off with this chart of my equity:
Powell has continuously offered the canard that, yes, trillions of dollars of fresh fiat have been thrown into the market (mostly his banking buddies), but, magically, inflation will just be a blip. Well, month after month of data seems to be contradicting that, as this morning’s latest report indicates.