That is a B, B as in billions

 

All you need to know where this is going. 

Thank you United States Federal Reserve Bank. 

From the mouth of Michael Burry years ago.........................

Accept the world for what it is. Work hard to exploit the opportunities it presents.

Ignorance is willful.  Our policies are unable to honestly examine what is wrong.

Markets are not efficient.

I have tried to bring you a coincidence of intelligence, clarity, vision and honesty.

Declines in education, public safety, public policy and healthcare are coming.

Michael Burry

An EPIC INJUSTICE to AMERICA. Thank you Chairman Powell

My portfolio is near an all time high and there isn't much to do.  It is summer.  Markets are rather thin in some of the names I own.  Bids can get pushed on extremely light volume.   Beaches in the Hamptons are again full.   It's the way it is.   

So, with nothing to do but sit,  and never forget it is the sitting that can make the big money I wanted to say something about the United States Federal Reserve Bank.

If you ever hear the words, " We are from the Federal Reserve Bank and are here to help",   run, don't walk away.

The entire system is predicated on debt expansion and cheap money.   That is it.  They know it, I know it, you know it.

There is no path to normal.   The Fed balance sheet has doubled to over $8,000,000,000,000.00 and going over $9 trillion soon.

First inflation, then hyperinflation.  The only unknown is the time line.  And that boys and girls, you can take to the bank!

  

SOUTHWEST AIRLINES, DELTA, American, Frontier, United

Not much to say about the state of flying in America these days.  Sitting in a metal tube, five miles high, covering 8 miles per minute knowing that airplane parts were bought from the lowest bidder, well, okay.

Airline employees are just doing their job.  They have to be assholes, it's their job.  They ALL know the bullshit of requiring passengers to wear a mask on the aircraft is just bullshit.  The science is so simple yet the mask diaper storm troopers and face diaper Nazi's are everywhere.

It's not just American, it's not just Delta, it's not just Southwest.  It's all of them.  Just hard working employees having to do their jobs.

I was sitting in the Denver International terminal this week waiting to board a delayed Southwest Airlines flight to Nashville.  Watching the pilot and his co-pilot come down the stairs from the aircraft and walk to the back of the plane I knew what was coming.   I stood up and stood tall myself.

These two flying cowboys put up the finest, crispest, smartest salutes I have ever seen from the ranks of  commercial pilots.  Wow.  Good on them.  It was impressive.   

May God hold the families of this fallen warrior in his hands until they meet again.   Thank you pilots for your respect and carrying this veteran to his final resting place.  

Downhill with Biden!

 

President Biden’s been in office for 176 days. What we’ve seen: -Border crisis -Crime soaring -High gas prices -High grocery prices -Unemployment -Critical Race Theory pushed -July 4th politicized -Israel attacked -Cuban protestors abandoned

24.41% YTD

2021. It was a solid first half. 

There are tough times ahead but stints like these past 6 months are unforgettable. 

Make hay when the sun shines Mom said.  I'll take it.