https://preview.redd.it/jk39otdxumx91.jpg?auto=webp&s=7cdc57e5aca3bb8c1f41c721e833f4937bfb884c
This is what the headlines would have looked like if JPOW pivot happened
View Reddit by rappeasant – View Source
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There was no reason for him to pivot. It was obvious he wouldn’t pivot. Historically Once the fed swaps from QE to QT, they have never pivoted untill something breaks
The rich get richer, the poor get prison..
Good book, but true.
The pivot was never more than a pipe dream by delusional individuals
Wonder who profited off the fake rally they sold to you lmao.
In what world would a pivot have made sense?
It’s good to watch news to stay up to date.
But media outlets are so damn naive. There hasn’t been a single indicator that we would pivot. Not only that, but JP gave specific criteria for what he wanted before a pivot. Yet job markets remain strong, and spending is still elevated, and inflation is still high.
If you got burned by the market today you deserve it. Learn from your losses and pay attention.
And the economy is still fucked, congrats government on being as useless as always.
>I’m not surprised that Jerome Powell is responsible for taking away $59 billion from the world’s richest people. He’s obviously not very good at his job if he can’t even keep the stock market stable. I hope he gets replaced soon so that we can get someone in there who knows what they’re doing.
Inflation raises all tides.
Good thing he didn’t pivot then!
I see your using the ninth edition of newspeak.
Still happened as such.