Wall Street dances in the ballroom of the Titanic.

Hey, Peter Navar here with this week's market and economy rap for the week ending January 19th,

2024. It is deja vu all over again as Hedge Fund Melgels and Pension Fund managers

on Wall Street continue to party even as danger lurks behind every door.

Talking about hooty missiles, North Korean rockets, China's tightening noose around Taiwan against the backdrop of its faltering economy, a war

that appears to be turning with the Russian tide. A headlong plunge into war with Iran,

a looming fiscal cliff and ever more prolonged future of higher interest

rates, following real wages across Blue-Coller America, a Congress with all the discipline of a baby's bowel movement, a Republican party at war with itself

pitting rhinos against a vast mag majority, a Democrat party saddled with an octogenarian they can barely remember his name a

coming artificial intelligence tech tsunami that may finally fulfill our worst fears about a machine takeover of humanity and an

alphabet soup of legacy media, ABC, CBS, and B.S, and PBS, PBS, CNN, this NBC, and that in-resident Fox in the Trump

henhouse, Fox News, that refuses to tell us the real truth about just about

everything. So this week yet again the band on Wall Street

played on with all the concern about the gathering storm as the intelligentsian landed

gentry who danced in the titanic ballroom

had for the water that was gushing into their ship.

Only two things I can tell you are this.

As I have noted, following the old two things I can tell you are this.

As I have noted, following the old Wall Street adage

that you shouldn't fight the trend,

yeah, that's one, and two, try not

to get sucked into this game of musical chairs and music will stop.

...