General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDOW up 680.
Another object lesson on why not to time the market. IIRC someone here said something about feeling good yesterday about cashing in.
Fiendish Thingy
(22,259 posts)And yes, timing the market is a fools errand.
gab13by13
(31,386 posts)The Supreme Court appears to be going to rule to leave Lisa Cook on the Fed. If the SC had ruled that Krasnov could remove her he would have rigged the Fed with his cronies and taking interest rates to zero would be catastrophic, but it would crash the dollar for Krasnov.
Just_Vote_Dem
(3,556 posts)Disaffected
(6,199 posts)the object lesson still stands.
BTW, why does Krazynov want to crash the dollar - to make it easier for him to pay off his debts?
gab13by13
(31,386 posts)It may scare people who think their investments in cash are safe.
Krasnov wants crypto currency backed by the dollar, he plans to then simply wipe out the dollar, wipe out the debt and he and his billionaire friends can party in cyber-currency. I don't entirely understand it, a week ago I posted a breakdown about how cyber-currency replaces the dollar.
Heck, even my credit card company asked me if I wanted a cyber-credit card.
yellowcanine
(36,728 posts)Trumps buddies probably made another insider trading killing.
GreatGazoo
(4,504 posts)so the Fed is shored up for the moment. Gold dipped at the same time.