“The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.”
We are looking for the real dancing to begin in a half hour with Warsh’s first presser.
The momentary market drop is a minor Belief (delusion) wave about rates going lower falling apart,
Watch it here; The Fed – Live Video
~ure
(“We have a task force for that..”) Statement on Longer-Run Goals and Monetary Policy Strategy
Some syrup with those waffles?
I’m not surprised at all Mr. Ure.
https://youtu.be/0UhExp_Kh70?is=DSuOtzHTE4fGTSq6
At 5:00 the DTCC, tokenizing $94quadrillion in settlement at 98% efficiency. That pencils out to ~ $940 XLM or if we consider that Stellar foundation burned half of the supply back in 2019…. $1880 XLM
https://www.cryptopolitan.com/stellar-burns-half-of-xlm-supply/
And then there is that web3.0, 4th turning word again: “digital twin”.
Not advice get your own hallucination and seek out a liscensed professional lol.
Gomer Pyle: Surprise, surprise, surprise!
“All Along The Watchtower”
“There must be some kind of way out of here
Said the joker to the thief
“There’s too much confusion
I can’t get no relief
Businessmen, they drink my wine
Plowmen dig my earth
None will level on the line
Nobody offered his word
Hey!
re: Ascot Day 2
feat: canary yellow
Berkshire punters at Ascot Day 2 witnessed the King and Queen’s carriage trailed secondly in procession by that of the Prince and Princess of Wales. Princess Kate wore a striking canary yellow dress. It had last been seen at the 2022 Wimbledon women’s singles final according to the “Daily Mail”. Then Moscow-born Elena Rybakina prevailed over the first Islamic woman to make the finals, Ons Jabeur. Presently Ms. Rybakina stands second in the world rankings. As chance would have it, today is her 27th birthday.
The Princess’s dress is a piece from the anglo-serbian Roksanda collection headquartered in London. Apparently Mrs. Roksanda Ilin?i?’s first name coincides with that of the wife of Alexander the Great whose meaning is said to derive from Old Persian for “bright, radiant, shining”. According to ChatGPT, the fashion designer’s surname derives from Serbian as “descendent of Elijah”. In light of The Bible’s 2 Kings 2:11 passage, some of the Jewish faith might tell us to anticipate Elijah’s return prior to the coming of the Messiah.
Oh Baby – we gotz us a real Chairman at the Fed now, see dem Dots?…Hello Higher Rates.
As if Housing/Single Family homes arent expensive enough already..WTF, Over ?
Inflation be raging, most ill advised War in modern history COSTS have not even hit the Ledger yet, let alone Grocery store shelves. Nor have the Oil shocks..patience required at this point in game play I suppose.
In all my 63 short years of Life – I do not recall a time on this green Earth when so much was so FUBAR on a global scale. And now Shitsinky in ukraine be slaughtering Belarussian Kids..that is NOT going to end well for anybody sakes.
And now Starmer is giving that classhole Nuclear Material. Not a chance in hell Pooterz preempts the delivery…nahh.
Vladd may be the biggest failure in this whole shooting match.
5 Years on and he is still FAILING TO PROTECT his CITIZENS.
Yerp, another WTF, Over?
*It was while pondering the Global Shit Show the epstain empire is orchestrating, when my ole buddy and friend resent a message had I received a few years ago..
“Did not the Mayan Prophecy tell you that I, Bolon-Yoke, the Shining One, has a score to settle with the 9 Lords of The Night ?” -BY
The END is nigh peeps, “oblivio venit”
Tretaverse responds with benevolence. Olivious
re: “Ironweed”, 1987
feat: ‘Hard Times and Good Times’
Say, can anyone help a brother out here? What role did new Fed Chair Mr. Warsh play in his alleged filmography cv for the film “Ironweed”? The movie saw release two months following Black Monday 1987, and box office receipts appear to have totaled almost $20 million less than budget spent according to Wiki.
Spoiler alert: two homeless people try to cope with situations in New York state during Depression year 1938.