Monday Nov 15 2021
We have five waves down from the top, then an ABC retracement and now down again. Notice the actual price has not gotten above the multiple moving averages. Biden's approval rating continues to drop this would be another sign we are making a top in stock prices.
Money Supply
Milton Friedman and the Univ Chicago group popularized the idea that money supply drove the inflation rate and the economy.
This graph explains why inflation just hit a 30 year high, the FED and Congress have dumped trillions of dollars into the economy. We have supply chain shortages, too many dollars chasing too few goods, hello! And yet the Dems want a fourth stimulus, how much inflation do they want?
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