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washparkhorn

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Everything posted by washparkhorn

  1. Poor aggy.
  2. https://ddosecrets.com/wiki/Oath_Keepers Note: Torrent download from the original hacktivists (i.e., the download is provided by hackers; caveat emptor.)
  3. Both are True. A strong USD hurts domestic firms who export goods and services (the goods and services priced in USD can become prohibitively expensive for foreign importers. Likewise, foreign goods sold in the US become relatively cheaper for US consumers, which hurts US producers and US labor (a deflationary headwind stoked by the Fed, intentionally). In the end, the Fed is playing a dangerous game to fight inflation. The cure may be worse than the disease.
  4. “Shrinking” The USD is strengthening because monetary tools have been deployed to make a USD more valuable. The Fed risks recession to fight the inflation beast. The Doves became Hawks. Knock-on effects were always expected with this change.
  5. Ummmm, not really . . . Monetary base is shrinking, which causes the USD to rise. Add in the Fed’s austerity tools, and the USD grows stronger.
  6. DeSantis must be pissed right now . . . Right?
  7. The FBI is investigating the use of welfare funds to pay Farve for speeches he did not give and the construction of a USM volleyball complex where Farve’s daughter played. https://mississippitoday.org/2022/04/04/phil-bryant-brett-favre-welfare-scandal-payout/ Mississippi remains a shit stain of a state.
  8. Markets hoping for the predicted “Fed pause” after the next hike given the jobs numbers today. Next CPI report (Sep 13) looms large in that wager. I think a .75 hike is most likely as the Fed races for what they think is a neutral rate. The jobs number was mixed for Fed purposes.
  9. The subject is 2022 inflation, not 2020 monetary and fiscal stimulus. In the last quarter - Demand for goods slowed, but profits rose in a percentage greater than the go-go 90’s. Declining demand/spending in 2022. Inventories up in 2022 Profits: Again - 2022 - profits up, despite greater inventories, less spending and less demand. But keep fucking that chicken - by all means.
  10. Perhaps corporate profits are a key driver of inflation? Pre-tax: Post-tax: Capitalism requires competition on price to function efficiently. A “free market” does not equate to a “competitive market.”
  11. You’ve got to remember that these are just simple farmers. These are people of the land. The common clay of the new West. You know. . . morons.
  12. Well deserved Nobel Peace Prize winner. Gorby > Yeltsin > Putin
  13. good news = bad news (?) https://www.conference-board.org/topics/consumer-confidence J Powell is getting very angry.
  14. Dove Fed Neil Kashkari happy with stock market plunge - “market understands the Fed is serious about inflation.” https://www.msn.com/en-ca/money/topstories/feds-kashkari-happy-with-market-reaction-to-powell-speech-bloomberg/ar-AA11fv7I?fromMaestro=true Fed Thomas Barkin confirms inflation reduction is job one for Fed. tldr - “Dread the Angry Dove.”
  15. You know everything is a dildo if you are brave enough.
  16. Sorry @jimmyjazz i should have provided the data link. Here you go: https://fred.stlouisfed.org/series/M2V
  17. Velocity of money tells the story. Check out the uptick in inflation as velocity picks up. The trillions transferred to the wealthy idles was not inflationary (they tend to hoard and shelter, not spend). Give money to normals, and they spend it, usually out of necessity or perceived necessity. As for the Bush cuts, the PPP silliness made mincemeat of my argument in the early 2000’s. The lumpenproletariat business owners, with limited exceptions, care little about community or economy building; they just want to head out on a Carnival Cruise and gorge on all you can eat offerings of slop and gruel.
  18. We killed off the Philips Curve over the last two decades. Unequal distribution of wealth broke the model.
  19. J Powell chooses pain to combat inflation. The Fed will pursue lower wages and greater unemployment to slay the inflation dragon.
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