The FED Made a Huge Mistake

The "Fed pivot" is officially DEAD:

Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December.

The unemployment FELL to 4.1% just after the Fed said the labor market was "weakening."

So, why are stocks crashing? Let us explain.

(a thread)

— The Kobeissi Letter (@KobeissiLetter) January 10, 2025

At the time of this post, the DOW is down 632 655 points and gold is up $27 $29.67 $31.05 an ounce. Get ready for inflation from every aspect of your lives. Home insurance and house construction costs will go up due to the LA fires. The FED must refinance a large amount of the US debt this year at a higher interest rate. Medical and health costs will continue to skyrocket because the doctors bow down to big pharma and their own greed.

AI will change the world but it will come at a high cost as people are replaced by automation and AI agents. What will normal people do when they have no options?

David DeGerolamo

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