Doesn't JPow know the difference between money printing and inflation? Or is he listening to President Trump too much?
I don't know the answers, but I think he's acting like Trump actually knows something about how money works. Or how the economy works. But THIS will show him!
Unfortunately, it will show us that one doesn't know what he's talking about, and the other one is acting like he's wanting to give it good and hard against everyone that supported Trump last year. And the next few years may show us whether a President can get impeached for insulting a bankster.
I assert Powell doesn't want to give it good and hard to Trump supporters but directly to Trump. The question is is Powell cynical enough to leave the Donald runaway inflation as a parting gift?
Yep, the three cuts this year were each 0.25%, so that’s 75 basis points. When I mentioned a one-percentage-point drop, I was referring to the cumulative decline since December last year, not just this year. I should have been clearer. Thanks, Andy.
That was probably the most concise description regarding the mechanics of the bond market Ive read. Of course the Fed and its ilk are masters of evading the rot they created.
I wish it was cheaper to sign up.
Well, if there was any question we were fucked, that pretty much zips it…😆
That last “translation” paragraph regarding making wages go up faster than inflation made me laugh out loud- it’s spot on-💯!
Explains the jump in Silver prices. Over $60 now.
Yep—I mentioned that in the P.S. Quite a rip. Meanwhile, Bitcoin and the rest of the crypto universe dumped like a lead balloon.
So well written. Thank you.
Thanks, Eva. Appreciate it!
Doesn't JPow know the difference between money printing and inflation? Or is he listening to President Trump too much?
I don't know the answers, but I think he's acting like Trump actually knows something about how money works. Or how the economy works. But THIS will show him!
Unfortunately, it will show us that one doesn't know what he's talking about, and the other one is acting like he's wanting to give it good and hard against everyone that supported Trump last year. And the next few years may show us whether a President can get impeached for insulting a bankster.
I assert Powell doesn't want to give it good and hard to Trump supporters but directly to Trump. The question is is Powell cynical enough to leave the Donald runaway inflation as a parting gift?
.25% x 3 = 1.0% ??
Yep, the three cuts this year were each 0.25%, so that’s 75 basis points. When I mentioned a one-percentage-point drop, I was referring to the cumulative decline since December last year, not just this year. I should have been clearer. Thanks, Andy.
Thanks Lau.
That was probably the most concise description regarding the mechanics of the bond market Ive read. Of course the Fed and its ilk are masters of evading the rot they created.
Lying bloody bastards in truth.
Thanks, Pete. Appreciate it.