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washparkhorn

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Everything posted by washparkhorn

  1. As mentioned above, Newsom promised the seat to an African American woman during his recall election. https://www.cbsnews.com/news/gavin-newsom-dianne-feinstein-california/ Personally, I am not a huge Schiff fan because he is so polarized after his work on impeachment. I love Porter, but her seat is not a blue lock. Ro Khanna is in a safe blue NorCal seat (South Bay/Silicone Valley). And, like Alex Padilla, has a relatively low profile that makes him more difficult to target in a State with the largest number of MAGAt voters. Schiff is an easy target for the MAGAt machine in California. I would love for Kamala to return to the Senate, but I cannot see her giving up the VP role and front runner slot to replace Biden when it is “her turn” in line It is time for DiFi to step aside and has been for some time. Her staff has done a great job navigating the limitations.
  2. Bullard said the Fed may go to 7%. On that news, yields rise, USD rise, equities drop.
  3. Sticky wicket: weaker USD brings higher import prices to the import-dependent US consumer.
  4. 2/10 inversion steepens. US consumers relying more on credit cards with steepening interest rates. Target shoppers becoming Walmart shoppers. Gridlock prevents deployment of fiscal stabilizers. 2023 recession looking like a hard landing.
  5. Upset of the year by Marie Gluesenkamp Perez. She won because she talked about real issues. Her opponent was tinfoil hat wearing MAGAt. Well done.
  6. Good PPI news. Also good news for Fed’s demand destruction plan was household debt rising in the face of high interest rates. Households are running out of money and racking up credit card debt. From the Bloomberg: US household debt climbed at the fastest annual pace since 2008 in the third quarter, with credit-card balances surging even as the interest rates that lenders charge to consumers hit a multi-decade high. Households added $351 billion in overall debt last quarter, taking the total to $16.5 trillion, according to data released by the Federal Reserve Bank of New York on Tuesday. That’s an increase of 8.3% from a year earlier, the most since a 9.1% jump in the first quarter of 2008. The debt figures aren’t adjusted for inflation. Happy days are here again - JPow. ————— bad news - Russian missiles land in Poland killing 2. Article 5 risk for NATO/economy.
  7. The question is a good one because it recognizes the fiscal tools for combating inflation are far more precise than the Fed’s interest rate hikes, which create massive collateral damage. That said, there is no political appetite to use those precision fiscal tools. And since the Fed has a mandate to combat inflation, the politicos gladly defer to the Fed to do the dirty work.
  8. Beto brought out crowds, but not votes. DFW and Houston turnout was dismal. Some of that is Biden (who was largely neutral in most states aside from Texas and Florida where he was an anchor for Dems). Dems in Texas need a candidate to get out the vote to have a chance at replacing the embarrassingly awful Ted Cruz in 2024. If Biden is at the top of the 2014 ticket, no need to waste Dem money on Texas.
  9. https://worldnewsera.com/news/finance/stock-market/ftx-collapse-puts-its-auditors-in-the-spotlight/
  10. FTX leaders spread the grift around; that’s how it’s done by the big boys. “Regulatory Capture” is the term. From the Bloomberg:
  11. CBS News - 2022 Election (win or projected to win): 155 Republican election deniers in the new House. 9 in the Senate. 7 Governors. 5 AG’s. 2 Lt. Govs. 3 Secretaries of State. The Clown Car is still bursting at the seams. Repubs will lick his boots again.
  12. The job is not done. Re-elect Warnock and give Sinema an ambassadorship.
  13. RIP - one of his last political posts:
  14. Masters: Hold my 4Loko bruh . . . someone alert the pizza huts
  15. from @Firemans4Horn link above. If true, the “external auditors” will need to contact their E&O carriers, while preparing their backdoors for no lube at all.
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