Re: Financial topics
Posted: Tue Jan 25, 2022 9:35 am
Tom Mazanec wrote: Tue Jan 25, 2022 8:30 am This YouTube video argues that the "Powers That Be" caused the wild market day yesterday to tell the Fed "take it easy and don't tighten"
Why the MARKET CRASH just INTENSIFIED
This may seem far-fetched to some people, but it wouldn't be the first time.
This is a quote from this article dated November 2007 which discusses the August 2007 mini crash:
https://money.cnn.com/2007/11/27/news/n ... /index.htm
During that "refresher course" they told him to cut interest rates immediately or the stock market would crash another 20% the next day.What we are witnessing is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August.
Below are the daily charts from mid August 2007 and yesterday. They look almost identical. (I'm surprised nobody has picked up on this)
2007

2022 through yesterday
