Frog Capital(@FrogNews) 's Twitter Profileg
Frog Capital

@FrogNews

29 years in the TBTF financial world and counting. Not allowed opinions in real life, but have been published. Mostly here to vent.. not selling anything.

ID:727465726810968064

calendar_today03-05-2016 11:51:59

57,0K Tweets

18,2K Followers

735 Following

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Yesterday, colorado governor polis, signed legislation to attach a code to gun and ammo purchases with banks and credit card companies.
Compare and contrast to what Governor DeSantis did today..

Yesterday, colorado governor polis, signed legislation to attach a code to gun and ammo purchases with banks and credit card companies. Compare and contrast to what Governor DeSantis did today..
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Trying to figure out if there's any way I can sneak another gun safe into the house.. It's not going well.

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Nearly all healthcare is government subsidized. The largest portion of our job gains, and retail sales are people buying and administering drugs..

Nearly all healthcare is government subsidized. The largest portion of our job gains, and retail sales are people buying and administering drugs..
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Nearly all of the growth in our economy is coming from the healthcare sector. People buying diabetes drugs to look better in tiktok videos.
Really.

Nearly all of the growth in our economy is coming from the healthcare sector. People buying diabetes drugs to look better in tiktok videos. Really.
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Ok, this is really the last one.
Inflation is high because your fed printed trillions.
Jerome has been 'un-printing' some of this.
He detailed the end of this today.
Jerome took the 'L' on inflation, because he's worried about a liquidity crunch and preserving his 'legacy'

Ok, this is really the last one. Inflation is high because your fed printed trillions. Jerome has been 'un-printing' some of this. He detailed the end of this today. Jerome took the 'L' on inflation, because he's worried about a liquidity crunch and preserving his 'legacy'
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Ok, last one on the Fed.
The news from today is the balance sheet taper.
It was a gift to markets (not you)
Jerome is leaving enough cash in the system for joe to keep subsidizing the economy..
He's gonna keep saying 2% and live very happily with 3-4%
Sorry about your currency.

Ok, last one on the Fed. The news from today is the balance sheet taper. It was a gift to markets (not you) Jerome is leaving enough cash in the system for joe to keep subsidizing the economy.. He's gonna keep saying 2% and live very happily with 3-4% Sorry about your currency.
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Jerome ends talking about how diverse his Fed is. This is the main reason the financial media paints him as a hero..
The fact that he cost you more purchasing power than any chair in 40 years is secondary..
We're pretty much screwed.

Jerome ends talking about how diverse his Fed is. This is the main reason the financial media paints him as a hero.. The fact that he cost you more purchasing power than any chair in 40 years is secondary.. We're pretty much screwed.
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The idiot has said 'we will bring inflation down to 2%' at least a dozen times.. Except he gave the institutions a cut today. This is a terrible look.

The idiot has said 'we will bring inflation down to 2%' at least a dozen times.. Except he gave the institutions a cut today. This is a terrible look.
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Jerome just said the balance sheet isn't his primary tool..
Markets screaming because the balance sheet taper is giving big business and banks a cut, but not the average American.
jerome is a moron.

Jerome just said the balance sheet isn't his primary tool.. Markets screaming because the balance sheet taper is giving big business and banks a cut, but not the average American. jerome is a moron.
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Jerome doesn't really know when he's gonna cut.. but remember, this means he's gonna keep paying banks.
The biggest companies don't borrow. Markets could care less about high rates, the Balance Sheet was the gift for markets today.
Only consumers lost today.

Jerome doesn't really know when he's gonna cut.. but remember, this means he's gonna keep paying banks. The biggest companies don't borrow. Markets could care less about high rates, the Balance Sheet was the gift for markets today. Only consumers lost today.
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Jerome says is confidence is worsening that inflation is moving lower..
But the idiot is easing by reducing taper.
Friedman is spinning in his grave.

Jerome says is confidence is worsening that inflation is moving lower.. But the idiot is easing by reducing taper. Friedman is spinning in his grave.
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Jerome fumbles the wage question.. He knows the wage spikes are driving inflation but gave a real political answer here. He thinks wages will stop rising..

Jerome fumbles the wage question.. He knows the wage spikes are driving inflation but gave a real political answer here. He thinks wages will stop rising..
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.Chris Rugaber asked him about cuts. Jerome starts going into a hypothetical. He doesn't generally do this. He doesn't want to answer this question.

.@ChrisRugaber asked him about cuts. Jerome starts going into a hypothetical. He doesn't generally do this. He doesn't want to answer this question.
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Jerome noting that inflation isn't going down like he thought it would (surprise).. and he's prepared to keep rates higher for longer.

Jerome noting that inflation isn't going down like he thought it would (surprise).. and he's prepared to keep rates higher for longer.
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I won't live tweet the whole thing.. but I've never missed a fed press conference. I think the biggest surprise is how quickly Jerome shifted to ending QT.
We're seeing signs of a liquidity crisis. I'd expect a more doveish jerome to try to calm that down a little.
He'll fail.

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