Can Stocks (and Bitcoin) Survive The Banana?

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
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In this video, I discuss the current reluctance to admit that the US economy is in a recession and compare it to the 1970's when Alfred Khan was forced to use the word "banana" instead of "recession."

I believe that the Fed has now pivoted and that risk assets (stocks, Bitcoin) should do really well for the rest of the year. This does not mean that there will not be any more inflation, famine, or other human suffering.

The Fed will ultimately choose the path of inflation, since austerity will never be politically tolerated.

Not investment advice! Consult a financial advisor.

The bear market is over:
https://www.youtube.com/watch?v=AIbnO1lQd5E&ab_channel=TraderUniversity

Alfred Khan:
https://en.wikipedia.org/wiki/Alfred_E._Kahn

Banana=recession:
https://www.washingtonpost.com/archive/opinions/1978/12/03/yes-well-have-no-banana/ff66f487-7e1a-4579-a199-5750373405c9/

Biden denies the recession:
https://twitter.com/breaking911/status/1552706926080937989?s=27

Yellen denies the recession:
https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/24/icymi-treasury-secretary-yellen-says-us-economy-not-in-recession/

ECRI on recessions and negative real GDP growth:
https://www.businesscycle.com/ecri-news-events/news-details/economic-cycle-research-institute-leading-index-lakshman-achuthan-anirvan-banerji-ecri-does-two-down-quarters-gdp-mean-recession

FT thinks it's a recession:
https://twitter.com/disclosetv/status/1552644133831024642?s=27

Wikipedia edits to recession entry:
https://twitter.com/unusual_whales/status/1552795537052618752?s=27

Chart of US debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S

Elizabeth Warren applying pressure to the Fed:
https://twitter.com/senwarren/status/1552650590047444994?s=27

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