The "Fed pivot" is officially DEAD:
— The Kobeissi Letter (@KobeissiLetter) January 10, 2025
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)
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
Wall Street knows no more tax rate is going to be going down and profit takers are busy! Now time to buy the Ai stocks that has fallen 18-30 percent
What will “Normal” People do when they have no options?
Become Ungovernable. Just Ignore government. Relegate government to Irrelevant.
The options will just be narrowed down to 5.56 and 7.62.
You nailed it. It’s been the inescapable option all along.
What will “Normal” People do when they have no options?
Many hangings will begin of all government leaders/worker bees and corporatist global heads