Wednesday, January 22, 2020

The Most Explosive Load Of Bullshit In History

“We are just in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination” - Paul Tudor Jones

Any questions?

Yesterday at Davos, billionaire Paul Tudor Jones credited the Fed for creating a Y2K-style asset bubble. Today, Trump blamed the Fed for keeping his big, fat, ugly bubble from reaching its full potential.

Who is right? Dumb or Dumbfuck? What they both have in common is getting everyone into human history's biggest asset bubble. Before it explodes...

Excuse me? How can this be true? I am told the exact opposite on Zerohedge. 

Every second article on Zerohedge blames the Federal Reserve for this asset melt-up. And yet their Casino-Bankupter-in-Chief totally disagrees. The alt-writers on Zerohedge know that when this bubble explodes, Trump will get a substantial amount of the credit for hijacking Fed policy. Therefore they must engage in active fact suppression. After all, Zerohedge themselves already admitted that Trump's trade war policy was intended to manipulate the Fed. The alt-writers on Zerohedge are getting out ahead of the inevitable rioting. Fair enough. No one wants to think that they themselves voted for the biggest Ponzi schemer in human history. Nevertheless, I would imagine it would help their active disinformation campaign somewhat if Trump himself wasn't constantly taking FULL credit for this asset bubble, while constantly blaming the Fed for keeping it "under control". In other words, Trump is 100% right - with himself at the helm of the Fed, the markets would have definitely exploded by now.

The key role that ad-sponsored disinformation plays in this overall con job, can't be overlooked. History will say that Trump's lies were weaponized against the masses, for fun and profit. 

Where it gets interesting is the army of idiots at Davos each one tripping over themselves to keep this asset bubble bubbling. Yesterday, billionaire Ray Dalio warned everyone to stay out of cash. Also yesterday, billionaire Paul Tudor Jones - the guy quoted above warning about the asset bubble - advised everyone to front-run collapse:

“We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,”

Asked if investors should sell now to avoid a blow-up like the one that took place in March of 2000, Jones said, “Not really. The train has got a long, long way to go if you think about it.

The crazy train has a long way to go, despite being as overbought as it was in 2018 and Y2K.

Three years later, spot the difference in Trump's view of responsible Fed policy:

"By keeping interest rates at this low level, the Fed is being political. We're in a big, fat, ugly bubble and we better be awfully careful"
- Candidate Trump, 2016

"By responsibly normalizing interest rates to provide insurance for the next downturn, the Fed has held back my stock market"
- Incumbent Trump, 2020

In summary, as of today's close, it's not too late to self-implode on the Trump crazy train.

Just remember, "No one saw it coming"