I wonder why no one ever said, "The Fed's gonna do ZIRP and QE until something breaks"? 'Cause something got broke. fred.stlouisfed.org/series/WFRBSN4…

Remember Me…

If you want to see the real inflation numbers go to ShadowStats. They use the 80s calculations. Right now inflation is around 18%.

Please will someone introduce secession while everyone is primed

This is the biggest inflation fight Central Bankers ever had to engage in over 35 years. In my opinion, there can't be any realistic and sustainable pivot unless actual & convincing progress on inflation is achieved. For the records, we had NO progress so far.

*FED'S DALY: JOBS SLOWDOWN ''COMPLETELY WORTH IT'' TO TAME PRICES If you get fired, be happy: you losing your job was ''completely worth'' the outsized fiscal stimulus followed by MBS purchases with inflation at 7% already.

Me when someone asks why I question whether the Fed knows what they’re doing:

RIPGary Rossington. Here he is in a alltime dudes rock performance playing the Freebird slide solo w a lit cigarette in his hand

So the Fed will be bringing onto its balance sheet some of the mark-to-market losses from the banking sector? The Fed already is bearing a significant amount of mark-to-market losses--and actual net income loss--on its own treasury holdings and this will add more. The Fed, then,

I just subscribed to The Daily Feather dimartinobooth.substack.com/subscribe?utm_…

Hiking rates to bring down inflation is not a "policy mistake," it's the Fed's #1 job. The true policy mistake was believing that 0% rates, buying billions of mortgage bonds in a housing bubble, & increasing the money supply by 40% in 2 yrs would have no negative consequences.

Existing home sales takeaway: Number of homes for sale fell 6.1% YoY to 1.08M units, lowest in data to 1999 The 2008 great debate inside the Fed was whether MBS QE could mortally wound mobility to economy’s long term detriment. I believe that debate settled Huge policy error

Only 1 employee at espn is untouchable x.com/sanieldohn/sta…

The US added - checks notes - $275 billion in debt in, uh, ONE DAY Total US debt is now $33.442 trillion, hit $33 trillion just 2 weeks ago, and on pace to rise by $1 trillion in 1 month. WTF is going on x.com/zerohedge/stat…

Doom scrolling is back

Janet Yellen is a delusional national embarrassment.

Top 10 Charlie Munger quotes: 1. "Spend each day trying to be a little wiser than you were when you woke up." 2. "The best thing a human being can do is to help another human being know more." 3. "It is remarkable how much long-term advantage people like us have gotten by

Maybe letting Lehman fail was the only thing we did right in 2008.