Lone Candle
Champion of Truth
So before regulation, the great tycoons of the era just acted like greedy unethical thieves in financial markets?
https://www.youtube.com/watch?v=Yp6EggtUBYI
“Warsh has been critical of the Fed in recent months but is seen as a conventional choice for the role. Warsh has a background in the Bush administration, and he was appointed by former President George W. Bush as Fed governor, serving in that role during the financial crisis from 2006 until 2011.
Although he is considered a relatively safe pick, Warsh faces an uncertain path ahead in the Senate due to potential Republican opposition. North Carolina Sen. Thom Tillis, whose vote is needed to advance the nomination out of the Senate Banking Committee, reiterated that he would oppose any Fed chair pick until the Department of Justice’s investigation into Fed Chair Powell is resolved.”
https://finance.yahoo.com/news/live/federal-reserve-chair-nomination-live-wall-street-reacts-to-trumps-fed-pick-kevin-warsh-as-hurdles-remain-in-the-senate-182518657.html
The wisdom of the crowds and the efficient market hypothesis require an amount of independence of the people in the crowd. With the internet and social media, people are much more connected and therefore much less independent. The same fads, cults, and appeals that warp people’s political views may also warp their market views. So, markets may have gotten dumber.
https://www.youtube.com/watch?v=e1Iok2wyoCw
Why the Stock Market Hasn’t Crashed Yet – with Paul Krugman
https://www.youtube.com/watch?v=qGxFLOw7KW8
Trump administration eliminates the SEC crypto fraud unit, then Trump appears to make tons of money on illegal crypto schemes.
https://www.youtube.com/watch?v=ybTPyNwIFv0
Is The S&P 500 Overvalued?
https://www.youtube.com/watch?v=qTJn7xG7v2E
For renters who are disciplined with their investing, their wealth often matches or beats people who own a home.
https://www.youtube.com/watch?v=lBG-g1CKfgs
“Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout.”
…
“”Markets are struggling with a lot of uncertainty and that means volatility,” Powell said on Wednesday. Still, he added, the volatility reflected the significance of the policy changes, rather than abnormal behavior in the markets.”
https://www.msn.com/en-us/money/markets/fed-chair-powell-sounds-alarm-on-tariffs-sending-stocks-lower/ar-AA1D3nX5?ocid=msedgntp&pc=NMTS&cvid=a623618c76614cedb4ce655c834e89c8&ei=10
“”The trade war is now turning into a direct confrontation between the US and China … we could again be seeing escalation and de-escalation at the same time, pulling markets in different directions,” Rabobank analysts said.
And though a wider trade war is on hiatus, risks remain to the health of the US economy, and Trump’s move is “merely the end of the beginning,” according to JPMorgan.
Other parts of the president’s trade-policy overhaul are still in effect, including a 10% baseline tariff on most trading partners, 25% duties on steel and aluminum imports, and 25% duties on auto imports. Those elements could still lead to consequences analysts have warned about, such as rising prices and slower economic growth.”
https://finance.yahoo.com/news/live/stock-market-today-dow-tanks-1300-points-sp-500-nasdaq-slide-as-focus-turns-to-trump-tariffs-on-china-133050269.html
China tends to make cheaper things than lots of Americans can buy. Americans tend to make more expensive things. The average Chinese person has less disposable income than the average American, so it doesn’t make sense for them to buy more from the U.S. than the U.S. from China.
https://www.youtube.com/watch?v=dBBDbz7mC8k