Anyone who reads this and has kids knows what I’m talking about:
A jar, half-open, is on the counter, a paw print on the fridge and a chair next to the cupboard.
Oh, and a four-year-old standing in the middle of the kitchen.
“Did you eat the jam?”
“No.”
You look at the jar, then at his face (jam from chin to the eyebrows), back to the jar. Once more: Are you sure? Of course he’s sure. It was the dog.
You don’t have a dog.
So a little firmer now… His face becomes the same colour as the jam. You’re mean. It’s not fair. Stomping up the stairs and slamming the bedroom door hard enough to rattle the picture frames.

Yesterday, somebody had jam all over their face, and I already ranted about it here: “Who’s going to prison for this?”. Long story short: a “compromise” from “sources”, only to be shot down by anyone with actual knowledge of the talks in a few hours. But the WTI contract was hammered into the 2:30 settlement anyway, same as last month.
EVERYBODY can see the fucking jam! It was the dog.
I read somewhere that market manipulation is now justified by national security... Don’t remember where, but once you look at it that way, it all starts to make sense.
Be it silver, be it oil, the full AI stack, Treasuries, the stocks…
NOTHING can find its true level anymore due to the egregious manipulations everywhere.
Gregg Smith went to prison for spoofing on behalf of JPMorgan. But spoofing on behalf of the Republic comes with a cushy pension.
Let anything reprice honestly and you’d likely get the full menu: crash, angry voters, torches, pitchforks, guillotines, you know the drill.