Have you ever made your way into the kitchen around midnight, flipped on the light and were shocked to find roaches partying on your countertop? It’s kind of ugly, but roaches and other household insects prefer to conduct “covert operations”, under a blanket of darkness. After all, you were supposed to be sleeping… get back in bed where you belong, can’t you see the bugs are busy? 🙂
Finally, almost one year after the fact, the once again confirmed head of the Federal Reserve, Jay Powell, confessed yesterday that his leading of the Federal Reserve has been, [for lack of a better term], quite shitty. With inflation roaring over this past year, and his leadership lacking, his U.S. Federal Reserve is now way behind on tightening the money supply and raising rates – way behind! Let’s see, inflation including food and energy running around 15%/year and yet short-term interest rates set @ .75%, even less than 1%? This team has not even scratched the surface of how behind current U.S. Monetary Policy is… [1% rates vs. 15% inflation?], those two numbers don’t even belong in the same Universe!
Then I’d have to say that the roaches have been partying their asses off, it’s past time to get out that can of “Raid”! So here’s my 2-cents worth prediction of what you’re about to witness –
Our Federal Reserve is going to have to take a page right out of the terrorist playbook. The Fed is planning to undergo a covert operation at this point, no doubt. It’s really quite surprising as it will be totally out of character for this very woke, very liberal, very leftist Fed to do such a thing, but we’re going to see it happen just the same – soon we are going to wake up to find that our Fed, yes this pansy-led Federal Reserve actually had the balls to not only hike interest rates, but in-between regularly scheduled meetings, and while we were fast asleep mind you. Furthermore, they will announce an immediate 3/4-point hike, or at least another hike of 1/2-point. Yikes! This is something they should have done a few times 12 months ago right? The markets will roil over this at first as absolute calamity will break out in the early pre-market, prior to the opening on Wall St. Then, as time wears on, what you’re going to see is the street will gradually begin to realize that this was the medicine required all along and not only end up thanking this Leftist Pansy Federal Reserve Board for showing some balls [in battling inflation], but will even ask them for more, more, more!
This is my latest prediction, they are planning a sudden rate hike, and it will occur in-between their regularly scheduled meetings… it is our only hope for getting a [true] handle on the economy and slowing this devastating inflation trend… Therefore, fasten your seatbelts friends!
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Funny, in March I had a one year memory pop up on FB. There I was bitching about QE and 0% rates. The roaches were the only ones listening, even got a standing O. People don’t want to hear of something avoidable, only the train wreck. Then, they can bitch about the train wreck!
Same here. When I would speak about the economy over Communist Dictator Book, very few people would comment on those kind of posts. Same thing I get on here, several will read it and never comment. Most people walking around out there don’t think “economics” applies to them. They think that somehow all they have to do is focus on their individual circumstances and they won’t be affected. Their whole world is like an ice cube floating in a sea of water, where they focus only on their own ice and not what the sea is doing. The economy is the sea. The temperature and turbulence of the sea is going to determine how long before their ice cube melts, not them.