Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday I like to take time to reflect on what’s happened over the past week, and then share it with you…
So I get up early, sit down and start typing.
Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues effecting the markets, or the economy.
Here are three thoughts for this morning:
1. The new Minecraft movie craze, “Chicken Jockey,” doesn’t really prove Snow White’s woke performance wrong, but it does prove the difference of writer’s who are tuned into their audience and those who are not.
“Chicken Jockey” is a rarest of the rare enemies in Minecraft.
It is a child-zombie riding a chicken called “Chicken Jockey.”
The chance of it spawning in game is about 0.26%.
So when a child zombie drops from the ceiling to ride a chicken inside of a wrestling match against Jason Mamoa, Jack Black points and yells, “Chicken Jockey!”
Whole theatres are going wild.
Popcorn is being thrown into the air.
Teenage boys are jumping on other boy’s shoulders.
The whole theatre is banging, cheering, shaking.
And, all is right in the world…
The new Minecraft movie tunes into its audience, teenage boys, while Snow White tries to impose some dominating overarching narrative on all of humanity.
I don’t really look at it as wokeness vs right wing politics…
I look at it as reality proving its worth.
2. That being said, have you seen how the majority of retail investors are treating the speculative stock market in a time of extreme, off the chart uncertainty? It’s surprising, but true.
This chart is surprising.
According to the US Economic Policy Uncertainty Index, uncertainty levels in the economy are nearly double the pandemic peak.
Seems high.
Despite this uncertainty, last week retail investors doubled down throwing $2.5 Billion into one of the NASDAQs most leveraged ETFs.
If there was ever a time when you can point to clown activity in the markets, it’s now.
Even though the S&P dropped about 20% two weeks ago, the top is still with us. Speculation is still hot on the minds of the masses.
So you know, this kind of speculative buying doesn’t happen at the bottom. Markets have a lot of downward movement left.
3. “Liberation Day” wrecked the dollar and the 10-Year Treasury Bond. Will Trump’s economic plan create freedom or will it speed up the destruction of the USD?
Last week, I wrote about Liberation Day.
How tariffs would wreck the economy…
But Trump believes tariffs are going to turn things around.
Only time will tell, I guess.
All we have to look at is what’s happening right now.
So what’s happening?
“The dollar usually moves in lockstep with US yields… until ‘Liberation Day.'”
Then the dollar went down.
The price of bonds went down. Yields went up.
Which all indicates the world is losing faith in the US economy, and the dollar.
As far as the actual purchasing power of the dollar goes, more money is still being printed, and government spending is higher than ever…
And devaluation accelerates.
Since we only have what we have to look at right now, it doesn’t look like the markets are going well.
