Last year they printed a lot of money and gave them to a lot of consumers. The average Joe would blow $10k for short term pleasure. Like buying from Amazon, watching Netflix, coke, hookers and other entertainments.
That’s why the stonks went up.
Every Ape would assume that inflation would come and we are fucked. But they lie about CPI. It’s about double that number but they don’t want us to panic.
Well they can talk bullshit and try to manipulate the people all the way the want. But at the end of the day the average Joe doesn’t have $10k anymore, he doesn’t have a lot of savings and he feels the real inflation by saving money to make end meets.
Q2 reports are going to expose the lies. When they notice that a lot of companies made less than the previous year, the sheep will wake up and start panicking.
The panicking is going to be a real trouble and changing the definition of recession won’t help it.
TLDR: Q2 reports are worse than the previous year, everyone will panic and the market will crash.
Play: My life savings to Leveraged Short ETFs.
Leave a Reply