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washparkhorn

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Everything posted by washparkhorn

  1. Copper is a good bellwether for global economic health.
  2. Recession is determined by the NBER. The NBER defines “recession” as: GDP “estimates” are often revised: NBER will make final determination after GDP numbers are finalized. More importantly, the economy of the US (and the world) is slowing. The Fed is intentionally slowing the US and world economy to fight inflation (via rate hikes and reducing its balance sheet). The Fed is willing to risk recession in order to defeat inflation. Everything else is politics - and not a proper topic for the 6th Street Journal. Take it to the Cloak Room.
  3. Market counting on a Fed Pivot. I don’t see it.
  4. Recession is inevitable unless the Fed pivots. I don’t believe the Fed can pivot with its objective of 2% inflation. The tools to defeat cost-push inflation unfortunately disproportionately hit Main Street with fierce pain.
  5. Fed pivot from restrictive rate hikes will not occur until 6% unemployment rate if history is any guide.
  6. World recession + strong USD = Bullet with butterfly wings
  7. The services PMI drop in perspective:
  8. Services PMI print ugly. Steep drop. Fed anti-inflation tools bringing the pain, as expected. Cure worse than the disease?
  9. All the way from where we came Built a mansion in a day Distant lightning, thunder claps Watched our neighbor's house collapse Looked the other way Fate don’t fail me now . . .
  10. The Fed’s tools to combat inflation are working: Deflationary headwinds strengthen.
  11. Imminent annihilation sounds so dope . . .
  12. Intel does not care for your tone, comrade. From each according to its relative power; to each according to its lobbying power. Citizens United v. Federal Election Commission, 558 U.S. 310 (2010)
  13. Back to inflation - the strong USD created by the Fed is forcing other central banks to raise rates or face imminent annihilation via inflation.
  14. Socialism is profitable in “Capitalist” America if one buys enough politicians. https://news.utexas.edu/2020/03/25/proposed-bailout-is-socialism-for-the-rich/
  15. I like this ad
  16. When Repugs capture Congress and the Presidency, they will enlarge the Supreme Court and kill the filibuster. The Constitution is silent on the issue. Moreover, the United States has a long held tradition of changing the size of the Supreme Court (seven times in the history of the Nation) Expanding the Court to match the number of Federal Circuits is rational. It would enhance judicial efficiency and fairness to have one Supreme Court Justice for each Circuit. Create a commission and get it done, before the Repug theocracy takes over complete control.
  17. Corrupt SOB
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