Bill’s Commentary:
“We have never been this overvalued!”
Market Valuations Don’t Matter…Until They Do
After the market slid lower all week, testing the 20-DMA on Thursday, Jerome Powell’s speech at Jackson Hole turned sentiment on a dime. The S&P 500 returned to record highs, and the Dow surged 900 points. Investors took his tone as confirmation that a September rate cut is in play. Specifically, Powell noted the slowdown in employment as a key reason for the shift in stance, as noted in the key paragraph from his speech.
“In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside—a challenging situation. When our goals are in tension like this, our framework calls for us to balance both sides of our dual mandate.
Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance.
Bill’s Commentary:
“Trump needs to own up to this… the “beautiful vaccine” that has destroyed so many lives and families!”
RFK Jr. May Roll Back Major Achievement Donald Trump Called ‘Monumental’
President Donald Trump and Health and Human Services Secretary Robert F. Kennedy Jr. are allegedly planning to ban the COVID vaccine “within months,” years after Trump labeled the vaccine’s development during the pandemic as a “monumental achievement,” according to an associate of Kennedy’s.
Newsweek reached out to HHS via email for comment.
Trump said in December 2020, during the height of the COVID-19 pandemic, that the development of a vaccine as part of Operation Warp Speed was a “historic” success.
Bill’s Commentary:
“Trump now has a majority on the FRB Board… bye bye dollar!”
Trump says he’s removing Federal Reserve Gov. Lisa Cook, citing his administration’s allegations of mortgage fraud
President Donald Trump is removing Federal Reserve Governor Lisa Cook effective immediately, according to a letter he posted to Truth Social on Monday night.
In the letter, Trump writes: “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.”
Trump cites a “criminal referral” from Federal Housing Finance Agency Director William Pulte, in which Pulte accused Cook of mortgage fraud.
Bill’s Commentary:
“Erik with many uncomfortable facts.”
The latest from Erik –
BillHolter.com 
Thank you pamelamoves@gmail.com
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offer some solutions for what everyone is doing wrong please
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Quit bitching and start a political movement run for office, or support someone who has the internal fortitude to do so. End of story!
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