The Clown Horn Report v.003

August 31, 2022
CNBC: Who wants to be a billionaire? 6 in 10 Americans strive to be mega-wealthy, report finds

Six in 10 adults say they even want to become a billionaire one day, according to a recent report.

If 60% of Americans get their wish, then hello hyperinflation. Talk about unintended wish consequences.

Some 44% of U.S. adults believe they have the available tools to become billionaires, largely fueled by speculative investments such as cryptocurrencies, according to the Harris Poll’s recent Americans and Billionaires Survey.

Gone is the old school illusion of prosperity era. All hail the new and improved delusion of prosperity era! 44% can't be wrong!!

The Clown Horn Report v.002

 

This chart is for the naysayers who thought we’d never hit 10% total annual credit market growth again. They clearly did not factor in Donald J. Trump’s business and pandemic acumen.

It wasn’t easy starting with $73.49 trillion in Q2 2019. We did make it to $81.08 trillion in Q2 2020 though, for a 10.3% gain.

$7.59 trillion in extra debt here, $7.59 trillion in extra debt there, and pretty soon we’re talking real money.

The Clown Horn Report v.001

Welcome to this blog's first clown horn report. It's a historic moment. Enjoy!

May 11, 2016
The Fed never anticipated low rate impact on financial sector: Fisher

Fisher said Fed policymakers did not anticipate the scope of easy money's impact on the financial sector.

"Bank's interest margins are being hammered. Money-market funds are trying to squeeze out a return. This is the kind of stuff, to be honest, sitting at the table, we did not foresee at the FOMC," he said, referring to the Federal Open Market Committee.



Who could have possibly imagined, in their wildest dreams, that highly liquid short-term money market funds would struggle to squeeze out returns if highly liquid short-term treasury bill investors were struggling to squeeze out returns?



Two clown horns? This is shocking, unprecedented, and highly irregular!!