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Monday, October 31, 2022

Will the market be terrified by the ghosts?

We are seeing ghosts everywhere today and the market seemed to be terrified by the ghosts today and retreated from last week's bullish run.... 😜😱👽
Happy Halloween! Here is an amazing champion to celebrate the Ghost Evening:
Weighing in at 2,560 pounds, "Maverick" was a sight to behold at this year's Safeway World Championship Pumpkin Weigh-Off in Half Moon Bay, California.



The biggest pumpkin seems to have added its weight every year in the past decade.  But it raises a question… What's the limit? These distorted and ghoulish gourds certainly can't grow as big as a house, can they? No, they can't. When a farmer "pumps" too much water into the pumpkins and they become too heavy, the burden results in an ugly split, or fracture, and ultimately it collapses under its own weight.

This process reminds us of the world's central banks, which have been printing money and pumping their economies with a seemingly endless and monstrous level of debt for decades.

Largely, they've gotten away with it. There have been a few bumps and bruises along the way, but this monetary trick has lasted longer than most thought it would. And the treats have been far too tempting to stop.

And here we are on All Hallows' Eve, where we can sense the horrors of what's to come. 

There's a limit to how long the U.S. government can trick us before its current monetary and fiscal policy collapses under its own weight. And there's not much time left. In fact, something massive will break – most likely the bond markets – within the next six months.  -- Jeff Brown

We will see how far Halloween's ghost impact will last for the market!

For now, enjoy the Happy Halloween!!😍

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