Seriously?
We don’t offer investment advice, but we can help with clear thinking. The 1/2-point Fed rate cut is bullshit. There are only a couple of options.
- They are really Political – and this is designed to spike the punch ahead of the Harris presidency that Wall St. liberals want. (Until they don’t but that will depend on Wealth Taxes on unrealized gains – always a Marxist hole card…
- OR They see some nasty shit coming our way that no one wants to fess up to, just yet. They just don’t want to talk about it. Which could it be?
- Israel – having wiped the command and control of Hezbollah is going to Beirut. Walking in probably overnight.
- Taiwan: China could impose a sea and air blockade any time – likely right after BRICS.
There are more – and we can roll with some of it tomorrow. But if you believe with inflation at core still running 3.2 percent – and what grocery prices have you seen come down – and now that oil is firming, are they effing kidding?
Nonsense. But markets usually figure things out after Main Steet… we look for the market to sober up quickly now.
Cue the music, Jester! “Won’t get fooled again!” Jack it up – super loud – someone’s gotta match the costs of living.
Thank God for Michelle Bowman!
“WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.
Bowman clearly stated that she believed in a quarter point cut.
The Fed’s other 11 voting members all cast their ballots in support of reducing the Fed’s policy rate by half a percentage point.
Fed Chair Powell said that “.., they are not a consensus governing body. Dissents happen.”
Write when it gets honest,
George@Ure.net
Godfather III
“Finance is a gun. Politics is knowing when to pull the trigger.”
https://youtu.be/pbGXnUUi9n4?si=yA-vR2ykW76VgzmG
Never Forget that all of Manhattan, and therefor Wall Street, is in Teapot Jerold Nadler’s House district, and has re-elected him for over 30 years.
They vote for it.
“There are only a couple of options.”
The groups/departments can message whatever they want but they work together. The Werewolf game. “The spouse is always the last to know.”
Think about the illegals for a moment. We read opinion that the ‘Libs’ are ‘bringing them in’ and feel good that we aren’t a Lib.
When we look and see what’s happening illegals somehow get into FL and TX. Then Republican governors there forward them into the country. Non-libs cheered when Lib NYC was being flooded. Now Ohio and Alabama are being flooded. All four have Republican governors. Lib/Republican alike they’re all in on it.
Trump supports DeWine to point out inconstancy gets one a DTS label.
Kam/Trump – Powell is protecting the machine and working toward whatever goals they want to accomplish. Keep running up debt.
I think this is all obvious by now because I’m not the quickest runner.
Sylacauga is a far out SE suburb of Birmingham.
Full of middle class bedroom communities of Birmingham commuters, dispersed among Good ‘ole Boys and Girls.
All armed about as well as I am. Not telling anything specific but its a 3 digit number.
Mayor says there are only about 60 of them there now.
I won’t be really concerned until I see video of any of them holding arms, like the people in the video from Aurora CO. Who bought the guns for them? Who is buying them all the cars they can’t drive?
I lived out in CO a few years ago and it seemed to be a big red state with a Big Blue dot on its map, controlling elections. The people were incensed about a gun control bill and recalling state senators stepwise to flip the senate. They got to the last one they needed and he resigned in a parliamentary maneuver to allow the Gov. to appoint his replacement and stop the recall. The people there seemed to be as well armed as Alabamians. But in poorer neighborhoods the poor, especially single women, own less guns. So Their apartments may get overrun.
I don’t for see anything like Aurora in Sylacauga because they would all get shot, and the government can’t ship them in fast enough.
“OR They see some nasty shit coming our way that no one wants to fess up to, just yet. They just don’t want to talk about it. Which could it be?”
Since we have been given a choice I’m going with Option 2, NOT option 2-1, 2-2, or option 1…….
With Interest payments on the National Debt exceeding $1T per annum, The Von Mises outcome is clear. Large scale systems dont fall down quickly, the rate of failure is beyond perceptions of the average sixpack who wonders why their paycheck only buys 1/4 of the groceries that it used to. Complex systems collapse over months / years.
It starts as errosion of purchasing power slowly, then ALL AT ONCE.
The solution will be clear in 2025.
Got Block Chain.?
Russian oil exports down to 7mb day. Assum light crude required for Saudi processing heavy crude. Was Saudi gehwar light crude now Russian light crude. End Russian light crude due depletion. No Russian or Saudi crude. 15 minute cities. 25% 100 barrels works ‘was’ production all oil is now food.
“They see some nasty shit coming our way that no one wants to fess up to, just yet. They just don’t want to talk about it. Which could it be?”
MARTIN ARMSTRONG: Fed Confirms Recession is Unfolding & War
https://www.armstrongeconomics.com/world-news/central-banks/private-blog-fed-confirms-recession-is-unfolding-war/