Market Shocker: Regulator’s Losses Skyrocket to $203 Billion
A staggering figure has emerged from the Federal Reserve’s latest data release: a cumulative loss of $203 billion. This monumental deficit has sent shockwaves through the financial community, leaving many wondering how this could have happened.
The Mainstream Media’s Response
The news was met with a mixed reaction from the mainstream media. Reuters, for instance, reported on the story, but failed to provide the full context and implications of this massive loss.
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About the Author
Avi Gilburt, CPA, is the founder of Elliot Wave Trader and a seasoned accountant and lawyer. He specializes in identifying major turning points and market trends, helping investors make informed decisions.
Important Disclosures
Note: The author has no stock, option, or similar derivative position in any of the companies mentioned and has no plans to initiate any such positions within the next 72 hours. This article expresses the author’s own opinions and is not receiving compensation for it. Past performance is no guarantee of future results, and any views or opinions expressed may not reflect those of Seeking Alpha as a whole.
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