WTF! Fed literally JUST quit

[Applause]

you just can't make this up anymore you

just can't make it up anymore look I've

become more jaded over time I've

somewhat always been jaded and I like to

always share my transparent Theses on

the channel I feel like every day I try

to be as transparent as possible but

I'll tell you this it drives me nuts

when people

or or end up being wrong just end up

quitting they disappear into Oblivion

and it literally just happened to the

Federal Reserve Mr Bullard yes yes he's

a non-voting member this year big deal

he's still an influential voice at the

Federal Reserve guess what

turns out two days after well actually

with two days in a row two days in a row

of inflation reports that basically

scream inflation is transitory which I

know that's offensive to some people

like let me quickly get the Spiel out of

the way yes prices have gone up a lot

guess what the Federal Reserve doesn't

care about lowering prices for you let's

wake up to reality here okay yes prices

are more expensive for airfare Insurance

food and everything learn the game so

you can learn how to play it and

actually make money and build wealth

rather than complaining about the

players in the game okay hate to play I

hate the game not the players point

being that doesn't care to lower prices

we got to get over that the FED cares

about stable prices so prices can be

very unstable for a short period of time

they Skyrocket as long as they stabilize

if that's happy and guess what they'll

go right back to printing money that's

how the game is played and that's really

excellent for risk assets it is

phenomenal for risk assets why do you

think nickel is up 60 it's because

everything floats up in a risk on mode

all the shorts get squeezed and even

though the Nike Swoosh mentality

suggests that we should see a slow

squeeze some squeezes happen a lot

faster the nickel is probably one of

those today

so what just happened well Mr Bullard Mr

Bullard was literally the guy arguing

for seven percent interest rates

for less than six months ago he's been

one of the most hawkish members of the

FED calling for a 100 basis point hike

he's been calling for the highest rate

hikes he's denied the possibility that

inflation could be transitory and what

happens

after two low reports yesterday's CPI

suggesting

the drum Powell is going to stick a

transitory inflation Goldilocks soft

landing and don't get me wrong things

could still change inflation could

reanimate right we know that but what

happens after two days in a row of

reports that suggest oh man inflation's

potentially transitory

so it took longer than expected but

still what happens after two days he

quits he literally just quit

you can't make this stuff up

this is the reality of our world today

and it's sad when people are wrong they

get so embarrassed they quit and now you

have Mr Bullard who is a respected

hawkish member of the FED quitting what

does this mean it means one less hawkish

complainer at the FED it actually

reiterates to the feds probably going to

go right back to money printing don't

get me wrong I'm not saying that's right

an unmanipulated Market is very

different but I want to be very clear

if you listen to all the Bears that say

don't play the game because it's all

rigged then you're going to miss out

on the game you'll miss out on the game

you set out the game and you miss out on

the game they'll always be complaining

about missing out

but the reality is this fed is geared

towards raid Cuts again within the next

few years be it next year next the year

after that who cares the days of easy

money will come back

because the path of innovation drives us

down a path of deflation that's just the

way it is I understand it's hard to

think how it's possible that prices

could possibly go down after going up

this much but they will they will slowly

start trending down and they will still

be way higher than 2019 levels but guess

what

the fact that even if we just go way up

we could literally double car insurance

prices and rents and then come down one

percent we could literally double car

insurance from 100 bucks to 200 and then

the fed's like oh no this is horrible it

goes down to 199 guess what fed goes

hell yeah deflation let's print more

money boys and girls let's go what does

it do send stocks to the moon real

estate to the Moon come on it's all a

game but what blows my mind

is when you get people who are wrong

they just disappear

and I think it's powerful to say look

I was wrong

for example I was wrong when I thought

when I warned in January of 2021 that

stable coins were going to collapse

I thought the brokerages would be safe

and that stable coins would collapse it

was exactly the opposite of course I

made mistakes before everybody makes

mistakes in 2022 as we all know was a

very challenging year for everybody

because it was yeah the thesis of okay

yeah it makes sense to sell in January

but when do you get back in if you get

in too early you're gonna ride the wave

down more you get in too late and you

end up sitting super high in cash in

June or July 2023 where we are now and

oopsie Daisy oh I'm under allocated to

socks there's no right or wrong answer

until we get to hindsight and then you

realize if you were right or wrong and

then if you could be right twice over

and over and over again on a selling

Bible That's challenging right

anyway but what drives me nuts is that

people just disappear and now all of a

sudden where is bowler going to Academia

because yes that's where we need people

who were wrong and then end up quitting

going to teach people in college in my

opinion this is disgusting it's

absolutely disgusting to bail out after

being wrong

that's all I have to say

at least if you're wrong own up to it

and try harder next time it's that

simple that's my take maybe I'm

Different maybe I'm too jaded maybe I'm

just pissed off today maybe I just need

a glass of wine I don't know but that's

just my thought now if you want to

Shadow me and you can see the raw Kevin

behind the scenes there's so much to see

so many large surprises to see make sure

to check out the links down below check

out the courses on building your wealth

coupon expiring next fed day which is in

one week and six days we'll see you next

one I'm out of here bye