All is well in the wonderful Land of Oz.
Munchkin had that same dopy-faced, thumbs-up look when he was drifting on his plastic bubble bed in a warm pool back in December somewhere in the Carribbean after assuring the world via tweet that he had called all the major US banks to make sure they had adequate reserves to survive the impending run on banks. Whew!
He, then, gave that same thumbs-up to the pool boy to let him know, “We’re O.K. I’ve just let the world know we’re O.K.” Delighted with the fingertip potency he had just displayed to his pretty wife, he floated over to the poolside bar and ordered his fifth piña colada for the morning.
Until that moment of Oz-like scarecrow If-I-only-had-a-brain wizardry, the world had not realized numerous bank failures were imminent.
Likewise, in the photo above, we’re O.K. now, too, because the Munch has just convinced the Fed-up that the economy is about to crash. We can rest assured once again because the Fed will preemptively make its first rate cut during a period of economic greatness to save the investor’s land of Oz.
We’re O.K. The Munchkin who dances along the Goldman-bricked road has this covered. The fantasy Land of Oz continues to live another day while the evil witch of Western capitalism lies dead under the Fed’s Eccles building.