Powell Throws Cold Water on "Soft Landing"

Kirk Note: Powell is Federal Reserve Chair Jerome Powell.

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Subject:	Powell Throws Cold Water on "Soft Landing" -- Re: Treasury Rates Near the Highest In 23 Years
Date:	Thu, 21 Sep 2023 14:49:45 +0000
From:	Jas Jain

Powell Throws Cold Water on "Soft Landing"

In his press conference yesterday.

Soft Landing is Wall Street propaganda to keep people in stocks as along as possible before recession becomes reality. It happens in all economic cycles, but this time it became a mantra.

When you are hovering over the Fiscal Cliff, Soft Landing is aerodynamically impossible, even Hard Landing is not likely, and Crash Landing is the likely scenario. And after that being buried under the rubble like the sinking of Titanic below the ocean.

How Would Crash Landing of the E-CON-omy Translate Into Stocks?

All the Magnificent 7--AAPL, AMZN, GOOG, MFST, NFLX, NVDA, and TSLA--will go below 100; AAPL, AMZN and TSLA, below 50; and some to 25. A week earlier I positioned myself for the scenario that would unfold over the next 2 years. Fortune favors the brave!

Good luck to stock bulls. Stock Mkt exists to serve the Crooks and not the working people who put their savings.

Jas

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Tuesday, September 19, 2023 6:14 AM

Treasury Rates Near the Highest In 23 Years

Average over the maturity spectrum. The last time that the rates were at the current level was on 7/17/2007 and in the prior cycle it was in September 2000. Recessions and serious mkt declines followed within a few months.

When "soft landing" meets the Fiscal Cliff, watch out below.

Jas

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Wednesday, September 6, 2023 1:36 PM
 

With Inflation Remaining Higher for Longer, CASH would remain King for a Longtime 

The 3&6 Month T-Bill rate, cash equivalent, hit a new high since the end of 2000, 22 years and 8 months, of 5.5%. 2-Year Treasury rate closed above 5%.

Stocks and long-term bonds would continue to underperform as the Fed Funds rate remains high.

Jas