I must be among a small handful of clueless contemporaries who had been blissfully unaware of the existence of the Youtube blogger PewDiePie, a Swedish millenial who apparently amassed over 50 Million subscribers and raked in over $7 Million a year in ad revenues. My first thought was that I must be doing something horribly wrong or that I may be in the wrong business. So just as I was getting all oiled up to deliver my first shirtless videocast I became aware of what all the hubbub had been about and thus quickly changed my mind.
Frankly this relentless rally is getting ridiculous. But who are we to complain? We didn’t just happen to nail what I would deem a picture perfect entry but thus far have managed to ride this advance like Jess Lockwood on steroids. Yeeeehaaaaa!!! These are the types of campaigns dreams (and fortunes) are made of and I hope you were wise enough to hop on the bull two weeks ago when I posted this entry.
It’s that time of the month again and that means blood spills all over the place and rapid changes of emotions for no apparent reason. Of course I’m talking about a Fed announcement day which is the financial menstrual cycle determining the fertility of your bond holdings and thus implicitly the value of the remaining currency in your pockets. Not wanting to get pregnant ever again after one too many abortions the Fed chose a multi-level regiment of birth control measures in 2008 and then proceeded on a financial partying spree, with apparently no end in sight.
Once again I am seeing a lot of bad comedy trickling out of the Federal Reserve, and in particular preceding FOMC rate decisions or announcements. A salient example scrolled across my twitter feed just moments ago with Jeff Lacker allegedly having stated that the Fed should raise rates sooner rather than later. Apparently Mr. Lacker is once again engaging in the verbal equivalent of smashing pumpkins, given that chairwoman Janet Yellen is scheduled to speak today as well as tomorrow and will most certainly continue the FOMC’s dovish course. In particular as President Trump has continuously highlighted a strong belief in a weaker Dollar.