Powell is bought and paid

Interest rate in USA unchanged, but they were talking about no ratecuts this year. When Powell stands on the podium he also LIES about inflation going down. This is because he is bought and paid for by the Biden Administration. He is indeed a democrat man, and will do as much as possible to keep the market up to the election. Then Trump probably will have to ratehike. So on the Podium today there were much of the same as earlier FOMC statements. We need to look at the numbers bla.blaa. But he was less dowish than before, because he fucked up. Said before seven ratecuts, and now Fed says maybe no ratecuts. Powell said probably no ratehike going forward, but should we belive him?

Jerome Powell (Chairman of the Board of Governors of the Federal Reserve System)

The problem now is that because of interest rates, many can’t pay their mortgages which worries the banks. But the industrys is also struggeling. Starbucks and carcompanies came with horrible numbers yesterday. And on top of all this the inflation is high. So Powell is now between saving housing, banks and industry, or saving inflation.

Bigboys are seeing this as sell stocks, crypto and indecies, and buy bonds and commodities. Equals, away from risky assets, into firm assets. Tesla went up 25% after earnings on air and love, because of selfdriving AI in china and cheap SUV Model. Only thing that can save the market is Nvidia. Anything else is shit. Banks are nervouse, real estate are nervouse, industry are nervouse. Europe is going so shit that they soon need to lower interest rate to save everyone from living in the streets. So there will be a Forex-crack between USA and Europe. That is why we dont have our Forex robots running lately, because of this crap. So there will be a correction. End of story.

Best regards

CEO J.E.V