bill fleckenstein
@fleckcap
Followers
45,823
Following
105
Media
87
Statuses
7,078
my daily column (since 1996) plus Q&A. Author, "Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve ".
Joined July 2014
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Kendrick
• 312668 Tweets
Taylor
• 269338 Tweets
Super Bowl
• 265988 Tweets
Drake
• 181034 Tweets
JENNIE
• 143530 Tweets
#TommyHilfigerNYFWxPPGF
• 135587 Tweets
Giants
• 119073 Tweets
Steelers
• 110551 Tweets
Wayne
• 109626 Tweets
Bears
• 107010 Tweets
JISOO AT NYFW WITH TOMMY
• 88689 Tweets
NYFW24 WITH GEMINI FOURTH
• 88034 Tweets
#ZEVENT2024
• 84828 Tweets
Cowboys
• 83096 Tweets
Bengals
• 81657 Tweets
Browns
• 77959 Tweets
Panthers
• 68387 Tweets
Falcons
• 56552 Tweets
重陽の節句
• 50656 Tweets
Raiders
• 48045 Tweets
Chargers
• 41890 Tweets
Seahawks
• 39660 Tweets
Broncos
• 35109 Tweets
Daniel Jones
• 32642 Tweets
Baker
• 29577 Tweets
#GHDBT1
• 27124 Tweets
Caleb Williams
• 27112 Tweets
Seattle
• 27046 Tweets
#わたしの宝物
• 25776 Tweets
Cleveland
• 24594 Tweets
Deshaun Watson
• 23619 Tweets
Tom Brady
• 22196 Tweets
Forbes
• 18281 Tweets
Diggs
• 13220 Tweets
Zeke
• 11999 Tweets
Bo Nix
• 11030 Tweets
Will Levis
• 10962 Tweets
チャウヌ
• 10186 Tweets
Pinned Tweet
@StuntPope
@ttmygh
how this period of govt interference in all aspects of daily life ends is such an important topic, that the blowback is worth it...big principles (like free speech) are in jeopardy these days and are vastly more important than any grief i get or how many followers i may have.
27
35
377
@disclosetv
censorship again. notice "fact checkers" never censor people who have been dead wrong repeatedly, they only snuff out views they disagree with...you may not agree with his opinions but since he helped discover/invent mRNA, he ought to be able to share what he thinks.
47
205
2K
for anyone who still thinks that the US stock market is some sort of real or actual market, the spoos turning green tnite, ought to make it clear that 20 years of momentary madness (and 12 of true zaniness) has turned it into just another video game.
87
296
2K
@EndWokeness
yes, he was spewing too much truth and CNN couldnt handle the truth, so they had to go back to the regularly planned propaganda.
34
48
1K
for many people these days, free speech has become "only speech i agree with", and all else should be banned....did all the "censorship & re-education" advocates sleep through their history classes??
66
159
898
the problem with bubbles (which the fed has created) is that when they burst (and they all do), everyone gets hurt,even those who werent actively playing the game-like everyday citizens who ultimately lose their jobs etc...the serial bubble blowing fed is public enemy
#1
, imo.
30
193
874
there is no "mis" or "dis" information...its all information, it's up to each person to ferret out what makes the most sense. those championing censorship only do so because their favorite arguments fail any intelligent analysis ..thus they wish to silence their opposition.
83
156
825
the central banks are the problem...retweet if you agree.
35
415
645
Just to be clear this is a function of the completely irresponsible monetary policy pursued by the fed,over and over, that has caused massive bubbles and wealth stratification...as it has eviscerated the middle class.
41
77
502
that pretty much sums up the situation.
The FED is trapped. Raise rates to end speculation and we end up in a depression.
Let the speculation continue, the bubble gets bigger and it crashes. We end up in a depression.
There is no way out of this. A useless organisation that makes things worse.
90
225
1K
36
68
417
i wrote a column today explaining how the fed could lose control of the bond mkt,its a concept i have discussed often, but people have had a hard time understanding how this could be possible...hopefully this will help illuminate how it could happen...
27
82
421
looks like the president is, once again, trying to escalate the trade battle knowing that if spoos get spanked as a consequence, that outcome will pressure the fed to cut more-which he wants...he is playing a very dangerous game, that could easily blow up.
40
84
391
im surprised so little was made on fintwit r.e. brainard speech tday, “Today’s low-inflation...requires...a new strategy to address the persistent undershooting of the inflation target" .."rate caps" etc.... fed/ecb will force inflation to run hot soon...i think gold got the msg.
36
66
393
an example of insane policies.
1) Block a pipeline to Canada to stop oilsands.
2) Reopen trading with Venezuela to re-start oilsands
🤡 🤡 🤡
29
225
879
26
48
380
the fed has trapped itself, few understand this....🙂
After years of not seeing much opportunity, Bill Fleckenstein is now getting interested in starting to short the market again
To find out why, as well as the trigger he thinks will pop the markets, watch today's interview with
@fleckcap
5
16
103
23
24
367
as the left& right battle over whats wrong in america and who will best "fix" it....lets not forget that the Fed and other central banks are who have destroyed the middle class and trying to create more inflation will only make the problem worse...the CB's are a menace to society
18
67
355
powell- "the risk of low inflation is greater than higher [inflation]", as they print money like mad...save that quote along with "sub prime is contained" -bb and "real estate cant have a bubble"-easy al.
14
73
354
great chart tavi.
11
37
355
ptj on gold -watch this..."the best trade for the next 12-24 months"...
11
125
328
@DoombergT
its is just stunning to watch the ease with which politicians lie and the media parrots the falsehoods....
14
27
330
very timely on the hugely important topic of the passive disaster in the making. this was the single best disussion i have heard (seen) with mike
@profplum99
, and i even been part of a few. everyone should take the time to listen and think about what it means. well done guys.
Out now - how Mike Green is seeing things:
- Friday's sickly jobs report is just the beginning
- recession in U.S. is a near certainty
- "momentous" sell-off is possible if true panic sets in
- as stocks decline, passive investing will amplify stock market volatility, just as
66
153
969
12
45
335
yes why aren't they?we were forced to get shot with this garbage, which didn't stop transmission but did produce tons of adverse consequences-its time to stop pretending and to start discovering what the long term ramifications are of these mandated shots...stop the charade!
Why isn’t the CDC investigating the condition of SO MANY YOUNG PEOPLE dropping dead from heart conditions they never had before the vaccine?
437
1K
7K
28
33
326
@QTRResearch
chris,imo, when it feels like this,and its been down this non stop i.e. 17/21 days (basis dxy), is usually about when it bounces pretty aggressively ...just ,fwiw.
14
7
283
this is a spectacular expose on regulatory capture, doj corruption (14:00) and an accurate statemnt on the actual genesis of the "homeless" (mental health) problem(23:00)...in preview/summary the government is far more corrupt than you think. its beyond disgusting.
2,851 Miles by
@bgurley
from the
@allinsummit
now available in full on
@x
(0:00) 2,851 Miles
(24:44) In conversation with
@bgurley
273
2K
7K
13
59
285
@michaelpsenger
@RitaPanahi
brain dead imbeciles acting as dictators.dead wrong and refusing to learn from their mistakes...the very definition of stupid. they should be begging for forgiveness from those of us with side effects from their failed policies.loss of confidence just continues to escalate.
15
13
276
im retweeting this ,just to have it to go back and refer to..wow,never seen this level of end zone dancing ,ever.
Portnoy's end of day comment for June 8.
Highlights ...
"Buffett is an idiot"
"All I do is make money, this game is fucking easy. Literally the easiest game I've ever played. All I do is print money."
“I should be up a billion dollars.”
137
114
797
40
20
263
yes, everyone should. she is going to precipate more smaller banks runs,because she doesn't really understand the situation..recall it was just a few years ago she said we wouldnt have any more financial crises.
26
32
271
@Bamabroker
agree 100%-basically you can never leave qe/.nirp/zirp..or get very far trying to leave, before it all bows up! just imagine if all cb's stopped qe/zirp/nirp at the same time, but of course they won't because they can't....bottom line these are failed policies.
28
32
253
@EndWokeness
this stupid fuvk doesn't even understand our constitution and is just another wannabe totalitarian dictator. these pussies label everything they dislike as misinformation as if that means anything, while they lie constantly.
20
15
272
well stated tavi.
No folks, this is not the price of another tech stock over time....
It's the aggregate free cash flow of the top 50 gold & silver miners for the last decades.
Trust me, the party hasn't even started yet.
34
307
1K
4
34
255
👇👇👇
Druckenmiller this morning on the Fed's policy…
"Who really lost? Poor people in the United States ravaged by inflation, the middle class, and my guess is the US economy for years to come."
43
544
3K
10
40
252
amen mike
10
26
248
(BN) Raises Gold Target to $3,000 as ‘Fed Can’t Print Gold’
...they can't ? who knew?🤒
14
29
235
perhaps the single dumbest financial headline of all time by an organization that ought to know better.
20
28
245
business week nailed a low in equities in 1979 with its infamous death of equities ( their main culprit? inflation) cover.....i think they will be going 2/2 with this one.
20
58
241
"stealth" YCC"...buckle up.
Intriguing NY Fed announcement after brutal CPI/PPI reports & weak auction which led to rising long-term Treas. yields: "AS A RESULT OF THESE CHANGES, ALLOCATION ACROSS THE 7- TO 30-YEAR NOMINAL COUPON MATURITY RANGE WILL INCREASE BY 3 PERCENTAGE POINTS"
19
51
227
10
55
236
money printing enables fiscal can kicking,which ensures fiscal problems only get larger, more complicated and thus much harder to fix. al was bad but ben/janet/jay have all been worse (the recent bit of sobriety by jay not withstanding). though, of the 4 of them, only janet had
28
23
232
@WallStreetSilv
this might explain why almost no "bank" executives were prosecuted after the 08 financial meltdown, when so many executives were obviously guilty of filing inaccurate financial statements (a clear violation of SOX).
9
15
232
essentially we have allowed politicians and bureaucrats with absolutely no business sense to take over most of the businesses in america,as only they can decide what gets to operate and how..this is is a bad precedent which will lead to all kinds of unforeseen problems.
10
45
215
@rinsana
"this could be an event"? you want rate cuts because the yen rallied after they supressed rates at zero for too long and now the leveraged speculators (who capitalized on that phenomenon) are getting blown out? bad central bank policies, like nirp and zirp, have consequences
20
22
220
I'm not sure how much of an "expert" I am...but I do have an opinion on the topic😉
Does A "Generation-Long" Bear Market In Bonds Lie Ahead?
Investor & analyst Bill Fleckenstein of
@fleckcap
thinks so
He expects inflation to be more entrenched & central banks less able to deal with it as the bond market "takes the printing press away"
30
22
162
20
20
217
well stated larry.
It must be nice to be an airline CEO. You can recklessly engage in share buybacks to enrich yourself and when ur behavior catches up to u, np just tap the Fed & taxpayers. Capitalism without consequences is not capitalism.
Via
@tylerwinklevoss
47
170
884
8
25
212
@DefiantLs
if someone sincerely apologizes, I'm completely willing to accept that because we all make mistakes....but almost all the vaccine mandate folks have doubled down on lies and hypocrisy.
13
2
213
it was very cold today so the hummingbirds gathered often at this particular feeder, that has warm-ish sugar water. usually the fight but not today.
15
4
211
its a concise and solid summation of where we are..
The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets. |
@JeffDeist
6
75
158
7
40
202
@NorthmanTrader
wow, (after getting in my face on a related subject) he woke up, better late than never...the fed (by causing massive capital misallocation, dramatic wealth bifurcation and abetting decades of can kicking) is our biggest problem, though most dont see it that way, yet.
17
21
207
if you aren't politically correct be sure to watch "armegeddon", the lastest from ricky gervais on netflix..if you are, have fun staying grumpy...😆 in any case, merry christmas to everyone.
15
6
208
I was at the bnp tournament Tuesday afternoon when this happened..it was on tennis TV Instagram, but I only found out because 2 friends in serbia told me...small world.
14
2
205
@biancoresearch
it's actually hard to comprehend how someone can know so little about how businesses work that they could say something so silly out loud.
23
6
196
@JoelHeyman
if this information is correct ( and i heard a similar story from a reliable source), the next question is,what does that mean for china and the yuan,if they are really that low on reserves?? (kyle bass has made this very point many times.)
9
21
155
lol-this is priceless.
FED'S WILLIAMS: FED RATE HIKES WERE NOT THE CAUSE OF THE RECENT BANK STRESS.
129
42
274
12
17
196
@ZubyMusic
you left out the media, without a complicit media, the government can't do what its done.
6
20
178
0.0% chance mr. blutarsky.
FED'S WILLIAMS: I ANTICIPATE ACHIEVING 2% INFLATION BY 2025.
54
50
232
21
13
191
it sure does.
10
32
185
"according to fact checkers" is what the censors say when they read something they disagree with...it has nothing to do with actually trying to discuss a topic in an intellectually honest fashion.
15
16
187
@KeithMcCullough
they are both currencies, they just find favor with different classes, really big money has been buying gold, its too hard to store silver in BIG$ size, when the public finally joins in they will buy silver as well as gold,imo.
15
14
176
pay special attention near the end when he discusses what might may him change his mind...it could be closer than we all think, as note in the addendum.
29
20
178
as bad as greenspan was (especially post about 1997, when his ego got so big)...he is like Volcker, compared to the current crop of fedheads.....that's how dangerous and clueless i think they are.
2
1
4
19
18
178
bullying/cancelling has got to stop. w/o free speech and debate(where we must endure speech we dont like)how are we supposed to sort out complex controversial topics? this is like when the mob/church tried to cancel galileo,copernicus etc. for proposing radical yet correct ideas.
HOLY MOLY.
The president of Thomas Jefferson University in Philadelphia may be about to lose his job. Dr. Mark Tykocinski is a 70-year-old immunologist with an spotless academic record.
His crime appears to be liking my tweets.
Academic freedom is dead.
1K
9K
37K
15
21
179
fire nailed this. i would only point out that the credibility that the market has given them post volcker has been undeserved. the asset bubbles they spawned made enough people enough money that their policies really weren't questioned much. lets see what happens in next year.
13
19
176
@QTRResearch
chris, you will get a kick out of this, bubblevision just called to see if I'd come on to discuss aapl...sadly, I wont be able to😎
10
7
169
i second that opinion about kyle in this clip.bravo.
This is excellent. Kyle Bass breaks everything down in 5 minutes.
He thinks switching the Treasury auctions from long duration bonds to t-bills enabled the Treasury to throw another $2 trillion of liquidity into the market.
He then gets into the Yen/carry trade. 👇👇
105
835
4K
12
27
183
@VigilantFox
so we are more concerned about American citizens masquerading as potential terrorists, than we are illegal aliens that we know exactly zero about. sadly it's perfectly in keeping with the twilight zone we now inhabit.
6
31
177
what the Boe just did and the boj before that, illuminates the addiction to QE on the part of cb's and governments.
@Corgi_dad
@PauloMacro
they have been trapped by qe since they started it, because they though it was benign, so they got away with it until they didn't (2022)..but no one wants to say it out loud...they can never exit qe/nirp/zirp...just watch, its like an addiction...
2
3
28
21
19
176
the irony here is brilliant, imo..
11
23
170
6
13
160
@DefiantLs
" incident at rally", " mostly peaceful protests". CNN is such a disgrace as is the bulk if the MSM.
3
7
176
from the local paper today...there is a huge overlap between those (who lack the ability to think critically and clearly) that wanted to defund the police and reduce sentencing, and the supporters of terrorists that slaughter woman and children.
13
13
175
@shellenberger
@EmmanuelMacron
X may become online version of "radio free europe", if the totalitarian govt censors keep cracking down on free speech.
3
18
174
we covered a lot of topics in some detail, hopefully this podcast will provide food for thought, to those who wish to listen.
9
15
161
amen to that, they are the real problem
Wait until the ‘crowd’ really understands what central banks have facilitated for the last 30+ years...
Right now it’s about ‘evil short sellers’ but, at some point, destiny will bring the mob with the pitchforks and the appropriate targets for their righteous anger together
103
323
2K
12
21
158
lol-nailed it!
So basically the bull case is recession and 8% inflation?
87
97
1K
3
18
160
@BillAckman
@Harvard
@MIT
@Penn
you're right about these scumbags and the moral depravity they represent. but you have over estimated the value of an " Ivy League" education.
12
11
161
@michaeljburry
talk is cheap,let's see what they actually do going forward. they are all empty suits in essence.
13
6
156
fire, the fed has flinched due to a falling stock market since the fall of 1998, so longer than 13 years,fwiw...Imo, they may "care" about inflation but they won't have the nerve to stay with the fight, when the stock market starts to really decline in ernest.
23
11
158
@neelkashkari
you obviously weren't paying attention when anyone with half a brain criticized the polices that you championed, because we knew the disaster they would lead to. your (& feds) lack of self awareness, about the damage caused by policies you cheered for is staggering yet consistent
7
4
153
@QTRResearch
gold is broken???does the btc end zone dancing ever stop?? have none of these people ever succeeded in anything before? well done on btc but why act like 3rd graders?
26
2
154
bingo....
A sentence to sum up the covid era: The government censored dissidents to suppress public realization that the government was the primary source of pandemic misinformation.
215
3K
9K
6
19
157
@menlobear
0.0% chance of that adam....haven't you watched these clowns in action for the last 5,10,15 or 25 years?
24
7
149
this is just disgusting but not the least bit surprising...in just a couple the CDC and FDA totally shredded whatever credibility they once had.
Who could have possibly predicted that the CDC and Big Tech companies colluded to ensure that anyone with dissenting opinions would be censored?!
Absolutely shocking to hear that both groups care more about enforcing preferred narratives than open discussion
21
177
745
10
19
149
serious q:anyone who can spell gold has an opinion about it, but so many who spew views on twtr act like they have seen next weeks papers..yet are usually wrong but never admit it...the best i've found is msa
@Oliver_MSA
as for the worst i'll leave that to others to make a list.
29
3
143
@GerberKawasaki
@love_to_learn
you're pathetic, jim is 100x the analyst you claim to be but the environment favored gullibility over analysis..the fed and vanguard have warped the system in such a way that idiots are perceived as geniuses.....for now.
4
4
142
This is spectacular, it's one of the most useful tweets I have ever read regarding how to analyze the "non financial statement aspects" of any potential position, epecially from the perspective of the short side. The points he makes are exactly what can go wrong (speaking from
I dont know WHO THIS IS BUT THIS IS THE TWEET OF THE MONTH $ENVX
19
29
228
7
13
146