The Khrushchev speech was interesting. Trump, to his credit, tried to negotiate with the North Koreans and was made out to be a naive fool for doing so. No doubt the “Deep State” did their best to sabotage those efforts. Speaking of North Korea, I can’t recommend “Nuclear War: A Scenario” by Annie Jacobsen highly enough. Reading it and seeing how our “leaders” are playing chicken with Russia over Ukraine, shows how crazy the neocons in DC are. They’ve completely abdicated their chief responsibility: keeping us safe.
The August CPI report claimed that “food at home”, aka groceries, inflated at just 0.9% over the past year. None of the MSM reporters will ever investigate whether this is even plausible. Why? The entire system is corrupt, and the MSM is merely a propaganda arm of the Democratic Party. Ultimate proof of that came this summer when, for a few brief weeks, the MSM DID practice journalism by blowing the lid off the lie that the President is just fine mentally. They only did so due to fear of losing the White House for sure, and as soon as Kamala was anointed, they went back to business as usual. None of them are even asking if we have a functioning president, let alone whether groceries really only went up 0.9% over the past year.
I hear ya RW. It's discouraging. You and I see what's coming and while I think we'll make it,so many will suffer at the hands of these economists. But Larry Fink and Janet Yellen will be fine.
Yes, very discouraging. Both parties are really corrupt and it's hard to see how things end up well for young people. I know people in the Berkshire world and they usually counter my gloomy outlook with Buffett quotes about an American tailwind. In my view, this became a headwind after the financial crisis and the headwind is getting stronger, at least for ordinary people!
Man, this edition is feature packed! When former POTUS called for lower interest rates he was vilified as interfering with the sanctified Fed. But, we get this, “…until Sen. Warren called for 75 bp a few days ago…” and we’re good to go with a 50 bps. Nothing to see here. Move along.
The story about Springfield was a wonderful reminder of what actual journalism looks like.
One would think that the MSM with their million dollar reporters and billion dollar budgets could have figured all that out in a couple of days. It’s a good reminder also that they don’t give a shit about anything really. Only pushing the latest narrative and taking Pharma money. On that note…
Why is it when I think of the MSM (or Mark Elias) a woodchipper pops into my head. Must be one of those ultra-terrestrial things…yeah that’s it.
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
Bullard equates sales targets - where you increase value - to inflation - where you decrease value! I’m getting a migraine over here!!! AND,I still get to music yet. Lol
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
Damn, didn’t even get to music yet and you’re going hard core, “ (If anyone would like a semi-log version of the above SPX chart, please feel free to make your own.). Oophfa!
Loved: [Stocks have reached] "a permanently high plateau." Anyone.....anyone know that juicy tidbit? Rudy, we're not worthy!
The Khrushchev speech was interesting. Trump, to his credit, tried to negotiate with the North Koreans and was made out to be a naive fool for doing so. No doubt the “Deep State” did their best to sabotage those efforts. Speaking of North Korea, I can’t recommend “Nuclear War: A Scenario” by Annie Jacobsen highly enough. Reading it and seeing how our “leaders” are playing chicken with Russia over Ukraine, shows how crazy the neocons in DC are. They’ve completely abdicated their chief responsibility: keeping us safe.
The August CPI report claimed that “food at home”, aka groceries, inflated at just 0.9% over the past year. None of the MSM reporters will ever investigate whether this is even plausible. Why? The entire system is corrupt, and the MSM is merely a propaganda arm of the Democratic Party. Ultimate proof of that came this summer when, for a few brief weeks, the MSM DID practice journalism by blowing the lid off the lie that the President is just fine mentally. They only did so due to fear of losing the White House for sure, and as soon as Kamala was anointed, they went back to business as usual. None of them are even asking if we have a functioning president, let alone whether groceries really only went up 0.9% over the past year.
I hear ya RW. It's discouraging. You and I see what's coming and while I think we'll make it,so many will suffer at the hands of these economists. But Larry Fink and Janet Yellen will be fine.
Yes, very discouraging. Both parties are really corrupt and it's hard to see how things end up well for young people. I know people in the Berkshire world and they usually counter my gloomy outlook with Buffett quotes about an American tailwind. In my view, this became a headwind after the financial crisis and the headwind is getting stronger, at least for ordinary people!
Man, this edition is feature packed! When former POTUS called for lower interest rates he was vilified as interfering with the sanctified Fed. But, we get this, “…until Sen. Warren called for 75 bp a few days ago…” and we’re good to go with a 50 bps. Nothing to see here. Move along.
The story about Springfield was a wonderful reminder of what actual journalism looks like.
One would think that the MSM with their million dollar reporters and billion dollar budgets could have figured all that out in a couple of days. It’s a good reminder also that they don’t give a shit about anything really. Only pushing the latest narrative and taking Pharma money. On that note…
Why is it when I think of the MSM (or Mark Elias) a woodchipper pops into my head. Must be one of those ultra-terrestrial things…yeah that’s it.
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
Bullard equates sales targets - where you increase value - to inflation - where you decrease value! I’m getting a migraine over here!!! AND,I still get to music yet. Lol
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
On price stability, the FOMC adjusted its strategy for achieving its longer-run inflation goal of 2 percent by noting that it "seeks to achieve inflation that averages 2 percent over time."
Here was my thinking when I heard this the first time: When you read this you kinda have to ask yourself some questions like: over what period? What’s the high end? And, how do you (the Fed) intend to manage this. Bottom line, if you can’t measure it, you can’t manage it. So, what are their measuring sticks?
Damn, didn’t even get to music yet and you’re going hard core, “ (If anyone would like a semi-log version of the above SPX chart, please feel free to make your own.). Oophfa!
It’s PTSD from Twitter.