Who are we fooling here?

The Fed is about as “independent” as a tether ball

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AUGUST 13, 2024       Hey y’all, “Gaslighting” is a term that is overused these days, but boy, it just feels like we’re all experiencing it left and right lately. And it’s one of my biggest pet peeves. Once upon a time, there was an independent media and politicians who had to face tough questions and scrutiny.  Now, they collaborate in making up narratives that are just obviously false and forcing them down the public’s throat until we believe them. And before we go further, I’ll be clear: this isn’t me picking a side or showing my colors. BOTH sides do this indiscriminately. Take these latest headlines:    To the shock of no one, former President Trump is railing about how the White House should have more power over the Federal Reserve. But the “gaslighting” element here is the idea that the Fed isn’t already abundantly political.  Now, Trump was an often very vocal critic of Fed Chairman Jerome Powell during his time in office, and now, he’s making it part of his campaign agenda.  And, naturally, the other side is fighting back, trying to “white knight” the situation.   So, then, it’s settled, right? One side wants to interfere with the Fed and dictate its behavior, the other side believes in a strong, independent, apolitical Federal Reserve, right?  Well, hold up a second… What’s this now…   Well, that certainly seems like a politician trying to directly influence the Fed. And last I checked, Senator Warren isn’t on Trump’s side. It’s almost as if both parties are full of you-know-what and want the Federal Reserve to do exactly what they want all the time. Which honestly isn’t shocking. What’s surprising (or annoying, at least) is the constant attempts to say it’s the other side’s fault. Can we just be adults here?  When it comes to politics, the answer is “probably not.”  But my point isn’t really to blame the politicians or criticize the Fed. As much fun as we might poke at Powell from time to time, I actually feel a lot of sympathy for him. He’s in an unenviable situation and I wouldn’t want his job.  Powell gets blamed for the overall health of the economy which is driven by many forces, very few of which are even remotely under his control. And then he’s brutalized by politicians on either side if he doesn’t give them their way. It’s ugly. As for what he’ll actually do next? Well, today’s PPI numbers probably give him ammunition to give Harris and Warren what they want, namely, at least one rate cut before the election.   But there’s a bigger moral here and it’s really important for you as a trader:  We all need to stop thinking that someone is “at the wheel” of the markets, our investments, our retirement accounts, the future, etc. The Fed is tied up in the same partisan bickering that you experience in your workplace, in your friend group, in the book club, on the golf course, wherever… There is no “adult in the room,” metaphorically speaking. So you have to be the adult in the room. Take charge of your own future, set up your family for success and prosperity and ignore the headwinds from Washington. We’re here to help. To your success, Stephen Ground Editor-in-Chief, ProsperityPub P.S.: One big way you can help yourself prepare for the worst is by checking out Jack Carter’s Recession Roadmap right here. It’s chock full of info to help you stay ahead of the worst case scenario.

AUGUST 13, 2024 Hey y’all,   “Gaslighting” is a term that is overused these days, but boy, it just feels like we’re all experiencing it left and right lately. And it’s one of my biggest pet peeves.   Once upon a time, there was an independent media and politicians who had to face tough questions and scrutiny.    Now, they collaborate in making up narratives that are just obviously false and forcing them down the public’s throat until we believe them.   And before we go further, I’ll be clear: this isn’t me picking a side or showing my colors. BOTH sides do this indiscriminately.   Take these latest headlines:    To the shock of no one, former President Trump is railing about how the White House should have more power over the Federal Reserve.   But the “gaslighting” element here is the idea that the Fed isn’t already abundantly political.    Now, Trump was an often very vocal critic of Fed Chairman Jerome Powell during his time in office, and now, he’s making it part of his campaign agenda.    And, naturally, the other side is fighting back, trying to “white knight” the situation.   So, then, it’s settled, right? One side wants to interfere with the Fed and dictate its behavior, the other side believes in a strong, independent, apolitical Federal Reserve, right?    Well, hold up a second…   What’s this now…   Well, that certainly seems like a politician trying to directly influence the Fed. And last I checked, Senator Warren isn’t on Trump’s side.   It’s almost as if both parties are full of you-know-what and want the Federal Reserve to do exactly what they want all the time.   Which honestly isn’t shocking. What’s surprising (or annoying, at least) is the constant attempts to say it’s the other side’s fault. Can we just be adults here?    When it comes to politics, the answer is “probably not.”    But my point isn’t really to blame the politicians or criticize the Fed. As much fun as we might poke at Powell from time to time, I actually feel a lot of sympathy for him. He’s in an unenviable situation and I wouldn’t want his job.    Powell gets blamed for the overall health of the economy which is driven by many forces, very few of which are even remotely under his control. And then he’s brutalized by politicians on either side if he doesn’t give them their way. It’s ugly.   As for what he’ll actually do next? Well, today’s PPI numbers probably give him ammunition to give Harris and Warren what they want, namely, at least one rate cut before the election.   But there’s a bigger moral here and it’s really important for you as a trader:    We all need to stop thinking that someone is “at the wheel” of the markets, our investments, our retirement accounts, the future, etc.   The Fed is tied up in the same partisan bickering that you experience in your workplace, in your friend group, in the book club, on the golf course, wherever… There is no “adult in the room,” metaphorically speaking.   So you have to be the adult in the room. Take charge of your own future, set up your family for success and prosperity and ignore the headwinds from Washington.   We’re here to help.   To your success,   Stephen Ground Editor-in-Chief, ProsperityPub   P.S.: One big way you can help yourself prepare for the worst is by checking out Jack Carter’s Recession Roadmap right here. It’s chock full of info to help you stay ahead of the worst case scenario.

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub