Zero Hedge: Earlier today we made the observation that after the brief post-FOMC freakout, stocks have risen for two weeks straight, making new all time highs virtually every day, and all that was necessary for this ramp higher was for Joe Biden to meet with Powell, Yellen and Gensler the morning of Monday, June 26. What happened next is familiar to all.
But it’s not just stocks where one can find the impact of Powell’s not so invisible finger. According to the just released May calendar notes for the Fed chair, on Tuesday, May 11 at 11:15am, Powell met – in person and not by zoom as most of Powell’s other meetings – with Coinbase CEO Brian Armstrong (less than a month after the company went public on April 12, along with Republican Paul Ryan. Read More
“And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev. 6:6