"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Jerome Powell has just been referred to the DOJ for criminal charges for perjury related to his $2.5B “renovation” to the Federal Reserve Building
cool cool very normal functional government moment
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan
trump was undoubtedly going to fire him last week. he had a congresswoman who adores him leak it on twitter, if you call that a leak. she's doing his bidding tonight again with the next distraction. but w/n 24 hours the epstein matter (i think) backfired horrifically from what he expected and he backtracked, denying everything. still impatient, he's making another run at it with the doj angle. his playbook is uber-obvious. the market won't like it in the short term, but hard to think it will matter for more than a few days.
honestly if youre bothering to read the boz' posts youve already lost the internet game.
let temu nicky pipes be as awkward and wrong as he wants, its not your problem and its not mine either.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
fair point. they all just lie so much about the real inflation # tho.
https://twitter.com/intocryptoverse/status/1947704416280174789
tine, if san doesn't get back in here i think these types of conversations and even topics will follow the natural order of things.
it was a good run despite our differences.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Yo Tella you big ol’ liberal you. Lulz aplenty. Trust me, I get more ideas from you, swami.
Trump floated the rumor of sacking Powell and monitored the markets reaction. The response was poor so he taco’d. Nothing wrong with that. That’s what the market is for. Sonatine shared a rumor. Rumors are the mother’s milk of traders and degens.
Also: Inflation is like pornography. You know it when you see it. I see it.
I pay no mind to the CPI & PPI statistics. I pay little more mind to the revised numbers a month or two later.
Cutting rates just increases inflation. Investors know this so they demand higher rates on 30 year. THEY KNOW WHAT IS COMING down the road.
BTW, the 20 year is effectively 5% and the 10 year rate is about to break out. Even at these rates there are no buyers.
Instead, the government aims to roll over (perpetually) the debt into t-bills. All the while praying long bond rates fall somehow at some point. Meanwhile, 6 month t-bill is 4.3% today. Not much better than the long bonds. If the government borrows t-bills this is printing money into existence and inflation goes up.
(By the by, this harkens Trump’s interest in stable coins often backed by treasuries. He found a new market for t-bill paper. Bank regulations regarding how much treasuries they can hold will be relaxed. As usual, I digress.)
Again, the only entity interested in buying US bonds in quantity is the Federal Government. The Fed’s balance sheet is gonna go up and we are going to have fresh QE. Fresh inflation. Good luck ever seeing long term rates fall (in your lifetime anyway).
Whether Powell gets wacked or not will have little effect on things. Go ahead and find some podcaster to lower treasury rates. Doesn’t matter. Believe it or not central planning doesn’t have final say. Maybe in China.
Again, Inflation and money supply will grow. Assets go up. If you proudly leverage up you likely will outrun the dollar drop and inflation.
If Powell is disappeared I’ll buy the dip.
We lived our prime years when rates kept falling and debt didn’t seem to matter. As of several years ago (Groman) that era ended.
This is my world view. I’m a gambler not an economist so maybe I didn’t type the scrambled thoughts in my head as clearly as I ought to.
My confidence is good. It really hasn’t changed in years. You be you.
EoT ™
i mean, there has always been a 'the boz' here. they come and go. posts/threads like this dont make sense to them. but they make sense to us, because we want more from the world than an audience.
we want catamarans and rolex bubblebacks.
and the people who get things like that do so by knowing that when the wires light up about how the EU and the US closed a tariff deal at 15%, this is what happens to spooz:
while people like the boz would laugh and clap in their kiddy pool filled with adolescent rage and father issues about how iT WaS JusT a RuMOr anD ThERe WAs No SIGnED TrADe DeaL you and me and tel are scalping the pullback.
and thats how society is meant to work, is how i see it.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
And another “rumor” the fat fuck was wrong about.
This guy can’t get anything right in life, which is why he’s fat and sitting alone right now, as always.
And no one can claim I’m wrong about him.
But, I know, he ate chili with a few of you.
Druff’s shame still.
Nope, this is why you belong at Druff’s other forum. You are a parlay sucker bet prop gambler looking for home runs. The type guy the books and Wall Street loves.
Rolex’s? No clue if you have any but it still won’t get you laid fat fuck.
Catamaran’s? Again, pure BS, you aren’t healthy enough to learn how to sail.
Thanks for this exercise in showing how you are full of shit, and are a degenerate gambler at heart who missed the greatest wealth building technique in history, the S&P 500 while playing make believe here, the most important place in the world to you.
Now go shit today’s chili out, that toilet must have done some bad things in a previous life to deserve you on it 3 times a day.
One of the mandates of the Fed was to maintain employment. A healthy employment rate meant more tax receipts from workers. This used to be perceived as desirable
Who gives a fuck about employment rates if we are aggressively cutting taxes anyway?
See how liberating that is? Who needs the Fed anymore?
Whispers and thought balloons about Treasury absorbing the Fed. Printers still have ink
macro guy me:
we print fuel to keep society from collapsing during covid and flood the engine a bit, result is inflation
we reclaim liquidity from the market by creating a bunch of 'tariffs' which immediately get passed to the consumer, creating a second order of magnitude synthetic inflation event
dollar collapses, which is the third order event
current/future looking concerns;
AI creates a really significant layoff event in the exact segment of the economy responsible for paying the highest individual share of income tax
robotics is about to come for the jobs below the tech sector
consumer spending pancakes because no one can afford anything
ad based jobs vanish
management jobs vanish because theres no one to manage
non-essential tech companies vanish or downgrade to irrelevance
like whats the prognosis there? spy 260, palantir is the new berkshire, private prison etfs?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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