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Consumer Confidence Collapses As American Households Despair
There's no other way to look at this first 100 days other than a huge success.
-- Maria Bartiromo,
As to quote #1, I continue to be amazed at how many people voluntary watch and consume what is purely propaganda as a news source. Propaganda which has proved to be highly profitable and repeatable throughout the media ecosystem.
Quote #2, absolutely, consequential as in America is facing the consequences for electing a carnival barker supported by the above propaganda.
Yeah, that’s why I included that Johnson quote. He’s absolutely right. Just not in the way he means.
Like…I feel bad for irony. Prometheus was like “Hey, Irony…have you ever tried a fate worse than death?”
sentiment velocity is worthy of your repeated mention here … since COVID times, sentiment & data velocity has increased materially anecdotally imho …
how fast you need to outrun a bear is getting much faster – the people in front of you don’t wait to confirm it’s a bear – they just run first and ask later!
how I worry that traders making money today think it’s their skill rather than luck … just keep running faster!
In real life, almost no one – even Usain Bolt in his prime – can outrun a bear for long!
You don’t have to outrun the bear. You just have to outrun the guy next to you.
What if it’s a sleuth of bears?
That’s only if you’re a relative return investor . . .
I continue to subject myself to the NYTimes conversations with Trump voters and it just confirms how hopelessly naive these people are, but at least these surveys provide some evidence that more people are getting it.
Yeah, wait 2 weeks until empty shelves are in stores and images thereof are all over the news. I’m expecting a brief bout of hysteria in line with toilet paper during the initial stages of the COVID shut down.