Volckerno — Getting to be a “thing”.

Just a quick refresher — A Volkerno is the stock market’s response to the Chairman of the Federal Reserve speaking into a microphone, usually to tell the world how the American economy is on its death bed.

Volkerno is named after Paul Volker, “who served as the 12th chairman of the Federal Reserve from 1979 to 1987″, says Wikipedia. ‘Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s. During his tenure as chairman however, the Dow Jones averages remained at or below their 1965 levels until 1982.

If you’re an optimist, it’s possible that stock values will suck for just another 3 years.

Yesterday, Dec. the 14th, less than 5 minutes after the current Fed Chairman spewed the latest Vokernic eruption, American stock markets dropped about 2%.

Here’s a suggestion.

Have the current Fed Chairman wear a full face mask any time he’s on camera and speaking. Of course we would know who it is but, the entire financial world might be more inclined to listen to the facts and react more rationally.

Worth a try?

I think so.

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