Chapter 892 – Powell’s Funeral
News.
We have no choice but to expand all over the world.
CNN− “Powell’s monument has been erected… “Unique tourist destination on Wall Street”
Al Jazeera− “Why does Lee Chan-wook insist on the theory of Powell’s death?”
Korean newspaper− 「Death of the Federal Reserve Chairman. Raising the side effects of BTFP”
Even if you place just one ad in Times Square, an article will appear.
It has tremendous symbolism.
This is the center of Manhattan.
A human headstone was placed.
Even that person.
〈This is the grave of Federal Reserve Chairman Jerome Powell! 〉
〈A Korean-style funeral is being held at the site…〉
〈Paul Volcker from heaven is strongly criticizing Powell.〉
Jerome Powell.
He is the 16th Chairman of the Federal Reserve System.
It controls interest rates in the United States.
The whole world is feeling that power.
Just listening to Powell’s lyrics gives me PTSD.
〈Paul Volker in heaven, come out! 〉
Rather, they ridicule it.
Look down on them.
An unimaginable scene is unfolding.
And that’s also done publicly by a famous securities company.
It is natural that public attention is pouring in.
〔Reddit − Stock〕
─Michael Burry is calling for the Big Short
─Powell does not allow the stock market to rise
─Why does Lee Chan-wook claim that Powell is dead?
─I went to Powell’s grave
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There is particular uproar among investors.
What is Lee Chan-wook’s status recently?
─I went to Powell’s grave
[Photo of Powell’s grave and memorial table. Jpg]
It was a funeral home with a very oriental feel.
According to the staff’s explanation, it is a Korean ‘ancestral rite’
The monk was memorizing something
On one side, they were bowing
The rarest thing was the resurrection of Paul Volker!
It was quite enjoyable with a street musical feel
└(KEKW Ajaekon)
└I wonder if it was really created by Lee Chan-wook
Author− The answer is a resounding yes. According to the staff member’s explanation, he bows once a day.
└Powell is dead! Not anymore!
It is absolute.
Successful investment.
Every place I touch is a huge hit.
It is natural to have followers.
There must be some reason for his current actions.
─Why does Lee Chan-wook claim that Powell is dead?
Over the past year, the Federal Reserve’s high interest rate policy has suppressed the stock market.
A rapid increase in interest rates can cause side effects.
With SVB’s bankruptcy, concerns turned out to be reality.
But what about Powell?
Contrary to previous statements that the government would risk an economic downturn, it proposed an easing response plan called BTFP.
└Powell is Arthur Burns in the guise of Volker
└The market no longer needs to be conscious of Powell 😀
└This is not Lee Chan-wook’s official position
└Wasn’t this meant to prevent serial bank failures?
It’s worth a lot of debate.
Lee Chan-wook.
It is not an official announcement.
I was disappointed.
Just as we cannot guess the company commander’s inner thoughts, we cannot yet know Lee Chan-wook’s inner thoughts.
─Powell does not allow the stock market to rise
[2022~2023 NASDAQ daily chart. Jpg]
Inflation isn’t everything it seems
It can only be concluded when expected inflation is controlled
A rise in the stock market becomes a trigger
If the market ignores the Fed’s warning and begins a rally, interest rates will rise to 7%, as Governor Bullard said.
└(Sweating Frog Cone)
└What if Powell is not Paul Volker?
└That’s right. Asset market bubbles can trigger inflation, and Federal Reserve officials understand this very well.
└Inflation is sticky
Even with common sense.
Last year.
The U.S. Federal Reserve beat the stock market like a dog.
If you raise your head just a little bit, bring down the hammer.
The fear of Powell settled deep in my heart.
─Michael Burry is calling for the Big Short
[Michael Sucker Twitter capture. Jpg]
I visited Enron today
Next, we are looking for WorldCom
He talks about companies that are likely to go bankrupt
└There is a rumor that it is Charles Schwab
└Is this accounting fraud?
└OMG
└The second big short is coming
The main character of the movie The Big Short.
Michael Burry is also warning the stock market.
Enron and WorldCom are bankrupt companies.
It was the worst outcome of accounting fraud.
It could happen again.
The U.S. Stock market is in a more serious state than it appears.
─Michael Burry, betting on a decline in the U.S. Stock market
According to data submitted to 13F
Signed a put option contract worth $2 billion
If NASDAQ falls to 7,000, he can reap the maximum profit
└(Screaming Frogcorn)
└He knows
└Isn’t Lee Chan-wook also a short-view?
└”Sell”
It’s the Americans’ seizure button.
A financial crisis like 2008 may occur.
It’s powerful because it’s Michael Burry’s words.
This is a person who experienced that time directly.
─Historically, the end of the stock market came in stages
[2008 NASDAQ daily chart. Jpg]
After reaching its peak in 2007
The rebound attempt in 2008 failed
Nasdaq is currently in 2008
Will it be different this time?
└Very interesting analysis
└The idea that this time was different was always wrong
└Beochilcheon’s followers are going wild
└I’m not afraid if I’m with Beochilcheon♪
Followers rise up.
Some people follow Bury and bet 7,000 on Nasdaq.
It is called ‘Beochilcheon’ and is an object of worship.
Although it was inciting anxiety in the stock market.
* * *
Fear.
What has been accumulating over the past year cannot disappear overnight.
‘Actually, it’s funny.’
I didn’t even pay attention until just a few years ago.
There were many people who didn’t even know Powell’s name.
Now, they are suddenly taking control of the world economy.
As if he were some kind of economic president.
“Mr. CEO, it’s been a while since I last saw you. You’ve been a hot topic in many areas lately…”
What comes out makes no sense.
I am not a person with that much firm opinion.
‘I’m not even an economist to begin with.’
He was a lawyer.
There is no basis to push one’s beliefs when it is crucial.
“I heard that they are promoting immigration to Korea. Personally, I am also interested.”
“Koreans want to come to America.”
“Oh! I didn’t know that.”
It’s been like that since the Trump era.
He is a man who has never shown that he has self-respect.
But preconceived notions.
The market is shaking with fear.
Therefore, it can be an opportunity.
“The goals are different. If you want high wages and jobs, go to the United States. If you want stable prices and public safety, go to Korea.”
It appears on broadcast.
Make your name known.
It is to increase my influence.
Something I do every day.
It is useful at important moments.
“Wouldn’t it be best to live in Korea while working from home?”
“There is actually a demand for such digital nomads.”
“It’s a pretty hot keyword these days, right?”
The whole world watches American broadcasts.
It can even be reproduced through news and articles.
There is no place like this for propaganda.
It can also be used positively.
“However, there are some concerns… I have heard about the problem of exclusion and discrimination against foreigners in Korean society.”
Misunderstanding.
It can be easily resolved with just a few words.
Dismisses useless arguments.
This is a story that often comes up in Korea.
Isn’t there discrimination against foreigners?
“One thing I want you to know is that Korea is a single-ethnic country.”
“It is a single-ethnic country. Unlike the United States.”
“I’m not familiar with foreigners.”
It is a difference in the connotation of words.
Discrimination in Korea and discrimination in foreign countries have different meanings.
‘There is no history.’
Racism.
There is a reason why this seemingly simple problem cannot be solved.
It is deeply rooted.
This is hostility and ill-feeling towards the other race.
“This is a problem that most people are not familiar with. They misunderstand the distance they feel towards outsiders as discrimination.”
There have been several incidents throughout history.
It doesn’t unravel like a twisted skein of thread.
Korea doesn’t have that.
Even if a problem arises, it can be easily solved.
“This is the first time a foreigner came to a country where only Koreans live?”
“Yes. It’s because it’s amazing. I believe it will be resolved over time because it’s not fundamentally discrimination.”
It is a problem created by prejudice.
We need eyes that see the essence at any time.
‘This situation too.’
It’s a huge situation.
It may get bigger.
They are shaking with anxiety.
Why?
Because it was like that in 2008 as well.
I am concerned that a similar situation may occur again.
“Korean immigration is also becoming an issue. Anyway… There is another reason why I called you today.”
It is the biggest topic in the United States.
This is because it is a trauma button for Americans.
Host.
The voice becomes serious.
This is the real reason I appeared on this broadcast.
“I also really want to ask! I don’t understand Chanwook’s recent actions. Are you recommending extreme buying in such an unstable market?”
We are recruiting experts.
Michael Burry.
The momentum has increased recently due to SVB’s bankruptcy.
‘He’s like a broken clock.’
Sell!
Even Android 18 wouldn’t have shouted for Cell that much.
I was anxious because I couldn’t hit a shot.
The stock market stumbled for a moment and I felt excited.
“Of course you should buy it. If you don’t buy it when the stock price is undervalued like now, when are you going to buy it?”
“That must have been a while ago.”
Isn’t this really going to be a big problem?
Aren’t you screwed?
Americans are restless.
Let’s hear from a panel of opposites.
About which one is more credible.
“What should have exploded has exploded. We at Scion Asset Management had already anticipated the current situation. Mr. Chanwook needs to remember the stock market proverb that there is no free lunch.”
It seems plausible.
It’s Cheongsanyusu.
Just like common short bugs.
‘Short bugs are smart.’
Thesis.
As economist Milton Friedman said, there is an opportunity cost in everything.
This seems very correct.
The problem is that it is not applied in real life.
“Do you have any friends, Mr. Bury?”
“Yes?”
“If a friend buys you a meal, isn’t that a free lunch?”
Casts Nimchinmu.
