TOPEKA, WA - Elderly man considering strongly worded letter to editor about armed intruder ransacking his home "optimistic" about potential for public response. "I think it could really get an important discussion started," he was heard mumbling, under the sound of a glass display case in his living room being smashed. As heavy footsteps approached his bedroom door, he continued, "people need to learn a serious lesson about public responsibility and the rule of law." At time of printing repeated calls to the house, last seen darkened, with an open and only partially hinged door, were unanswered.
Of course, what will the FED do when the fake conservative government didn't really cut spending but only put on a show for fox news?
> The market appears to be stuck in the trees, and is oblivious to the forest. In this case, the "forest" was bluntly and worryingly mapped out for us by Powell
I agree that this market is irrational but everyone knows the popular saying about that. In the meantime, you can probably make some returns by assuming the money printer will keep stocks propped up for a bit longer. This isn't financial advice. This year has shown that the dollar losing value = higher stock prices. Calls it is.
It's somewhat disturbing to see pop economics discourse recently - if I turned this in as a paper in a 200 level+ class at my middling statue university, I'd get D >= X >= C+, where X is my grade. The reason beings:
- I lead with a thesis about health care jobs.
- I immediately discount it as unknowable based on the data.
- It's a novel idea to worry about job concentration in a particular industry in a modern capitalist economy.
- Adding 20-50% taxes on imports is a hare-brained, earth-shattering, idea. I can't think of an analogue in computers, other than legislating computing is only secure moving forward if we use terenary instead of binary.
Call me whatever but I'm not reading an article with an obvious ai image as the first thing you see.
The Fed is far from helpless. They can combat inflation by speeding up the run off of their egregiously large balance sheet and keep El Jefe happy by lowering interest rates.