in 1987, then-Federal Reserve Chairman Alan Greenspan said, “If I seem unduly clear to you, you must have misunderstood what I said.”

Wall Street has crazy and lier ato the point of being on par with the financial markets under Chinese Communist Party rule. Powell clearly didn't signal a September rate cut, yet the entire Wall Street interpretation was that a September rate cut would happen, and stock prices skyrocketed. This reminded me of a scene I learned during my MBA in Australia.

Speaking to a Senate Committee in 1987, then-Federal Reserve Chairman Alan Greenspan said, "If I seem unduly clear to you, you must have misunderstood what I said." I wonder if current Fed Chairman Jerome Powell is thinking the same thing.

So this is the current state of the US asset market: rife with bubbles, emotion, and ignorance. The US president constantly belittles and insults his own chairman. It's comparable to the leadership of the Chinese Communist Party.

As Biden said, that's what the American people desever.