Another data point that a government engineered economic downturn is coming. Congressional finance committee members are shorting the stock market. They are buying PSQ, HDGE, and SH. All are funds that short major indices in the market. This indicates that Congressional Financial Committee members are anticipating an economic downturn.
Why? What do they know?
17 Comments
Dirty Dingus McGee · September 3, 2023 at 6:00 am
Just lucky guess’s on their part. At least that’s what they have been claiming for years.
Who are we to question their luck?
Joe Blow · September 3, 2023 at 6:35 am
I’m a regular investor, everybody is shorting the market right now… thats why it will go up.
On the longer timeframe, smart money will see the cycle is turning. There are better instruments than those, however. Curious where the data was published? They usually try to hide that stuff best they can, for as long as they can.
EN2 SS · September 3, 2023 at 6:53 am
The same way they know which businesses to invest in to get rich after election. Government makes the rules, they make the money.
Lenny Ladner · September 3, 2023 at 7:15 am
Who are the members of the Congressional Finance Committee?
Divemedic · September 3, 2023 at 8:42 am
The only specific name I have is Sen Thomas Carper of Delaware. Just bought 30k shares of PSQ
EN2 SS · September 3, 2023 at 12:46 pm
house; https://financialservices.house.gov/about/members.htmf
senate; https://www.finance.senate.gov/about/membership
Matthew W · September 3, 2023 at 7:33 am
“What do they know?”
1: They will never be held accountable for insider trading
2: They will always profit off of the pain of the masses
3: Epstein did not kill himself
poppi · September 3, 2023 at 8:25 am
anticipating?
or creating?
poppi · September 3, 2023 at 8:29 am
Actually, i don’t think TPTB want a collapse or major downturn just yet; a stock market crash, or even just a long slow prolonged decline, would be bad for the reelection odds of Dems at all levels of government.
OTOH, as soon as Trump gets back in, i have little doubt they will put metal to the pedal before running off the road.
Anonymous · September 3, 2023 at 8:32 am
Do you have a source on this you can publish?
Divemedic · September 3, 2023 at 8:43 am
A group called unusual whales. They track reported stock purchases of major players.
Weather Underground Government · September 3, 2023 at 12:21 pm
They know the CBDC is coming after the engineered collapse under Beijing Brandon and the sabotage masked as incompetence charade?
It only gets worse under Long March quisling traitors but there is always opportunity in chaos and the end is really just the beginning.
mike fink · September 3, 2023 at 6:43 pm
I worked at an Internet startup in the long long ago. They were generous with issuing stock options in the pay of employees in the first few years, very generous in the case of the company executives. Some of them were getting 1000’s of shares each pay period that were 100% vested and they were getting them at a token 5 or 10 cents a share instead of the $70 or so market value of the stock in that period. In a couple years these guys were all millionaires on paper just from the stock options, and they missed no opportunity to talk up the stock in front of the employees. ” We are are all getting rich together” was their mantra. We used to review the stock price a few times a day back before the Y2K crash, and you could pull up the insider trading data if you wanted. It showed the names of the executives and the numbers of shares sold, at what price, and what they were issued at. One year in August, the stock reached all all time high and then started a steady decline it never came back from. It took a couple of weeks for the insider data to catch up, but it clearly showed a concerted effort by all of the company’s officers to sell the bulk of their shares all at about the same time. Batches of them every few days by different executives for 2 million here and 3 million there. Nobody told us little worker bee types it was time to bail out, we were still locked down in the boiler room shoveling coal. After about 6 weeks of falling, due mostly to these guys all selling, the company was bought of by a competitor and the intellectual property was absorbed, and personnel were disposed of. Lesson learned. This class of people are all insider elitist scumbags. They will break the economy for good this time, it can’t stand the stain. Most of them have no idea how to do anything useful or produce anything of value. I will be fun to watch them struggling in poverty. Most of them won’t make it.
EN2 SS · September 4, 2023 at 1:13 pm
Most of them won’t make it? Just how many can outrun something chasing them at around 3000fps?
dave in pa · September 4, 2023 at 2:38 pm
a long time ago, used to work for a medical imaging company. they where buying up all the small centers they could. and quite a few people who worked there, bought company stock. I didn’t. they bought the company I worked for. my boss made out bigtime. but I just had a feeling and
didn’t trust the fuckers. anyway, what they also did was put a lot of the 401k money into the company stock. then it dropped from 21 bucks a share to less that 2 bucks.
I was accused of betting against the company from a few people. I told them, no I was not.
I just rolled my 401k into something else that “they” had no control over.
shame, but most of them lost almost everything they had saved up.
Steve · September 5, 2023 at 7:29 am
@Dave in PA
A rule of thumb I’ve heard is that if a company will only allow you to put your 401K stock in the company, you can expect to lose it (and your retirement), although the insiders (bosses) will make out big time. Enron, MCI, and others serve as examples of that. Another thing to look at is when the company is doing repeated stock buy backs, and then the higher-ups sell (big) blocks of their stock. That is a legal “pump & dump”, and if you find out the company is doing that, drop the stock, or you’ll be left holding the bag.
Putting your 401K in multiple stocks spreads your risk (obvious), and can help insulate you from losing everything.
Anonymous · September 8, 2023 at 8:06 am
I had a guy that I played in a jazz band with; who worked for MCI world com. He kept bragging about how much money he made and how his 401K was worth millions. Company went other. He had to give 30 days notice before he could unload his options. He lost EVERYTHING! House, cars, wife, boat, toys, etc.; they say that “Pride Commeth Before The Fall”.
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