Thinking the Unthinkble

by

Although you have read it many times here, lately.

Fed may need to raise if nothing catastrophic happens to goose the economy.  See Fed Governor Bowman says additional rate hike could be needed if inflation stays high (cnbc.com) for the primer.

Risks and Uncertainty in Monetary Policy: Current and Past Considerations

Governor Michelle W. Bowman

At “Frameworks for Monetary Policy, Regulation, and Bank Capital” Spring 2024 Meeting of the Shadow Open Market Committee, hosted by the Manhattan Institute, New York, New York

Graduate students and fellow researchers hit https://youtu.be/rsrEImDo-6g for more. Scroll to 3:33…

Write when I am…oh wait, I’m up and order of fries (with a coupon) but the day is not out and only the brave or foolish would go long over the weekend – not advice!..

George@Ure.net

11 thoughts on “Thinking the Unthinkble”

    • I would be concerned about a set-up in the PM-backed securities. I’ve seen this sort of thing with agricultural futures; the foreign companies book futures contracts for crops directly with farmers, then evaporate if the price is unfavorable.
      Hiding physical assets in foam mattresses can be a real challenge; however, keeping at least some physical PM’s somewheres for contingencies is not unwise. Too much becomes a security issue. Buying too much from a single source over a short time span paints the crosshairs on Ure back.

  2. They’re saying on the radio there was a SECOND, LARGER quake in north-central NJ around 6pm.

    There have been a few aftershocks in the 2.0 Richter range through the day; but the first one, early, was 4 point something and the 6pm shakeer was stronger.
    my memory can’t be trusted to quote a number — just BIGGER.

    Plus, we had a small one in the western NC hills early this morning. 6am-ish.

    73

  4. The Statue of Liberty was shaking yesterday.

    Live cam shows the impact of 4.8-magnitude earthquake in NYC — with the Statue of Liberty visibly shaking…

    https://nypost.com/2024/04/05/us-news/live-cam-shows-the-impact-of-4-8-magnitude-earthquake-in-nyc-with-the-statue-of-liberty-visibly-shaking/

    WORLD WAR III SERIES
    NEW YORK CITY A GHETTO PRISON
    Nostradamus Quatrain IV-16
    La cité franche de liberté fait serue:
    Des profligés & resueurs faict asyle.
    Le roy changé à eux non si proterue:
    De cent seront deuenus plus de mille.

    Nostradamus Quatrain IV-16
    The free city of liberty [New York] enslaved:
    Of profligates and dreamers made an asylum [sanctuary].
    The king changes and is not so violent:
    From one hundred becoming more than a thousand.

    G.A. STEWART: Since my interpretation of Quatrain IV-16 has not changed since 2007, I suppose I was predicting “Sanctuary Cities” before the mayors of major U.S. cities were declaring their cities “Sanctuaries” for illegal immigrants.

    https://theageofdesolation.com/nostradamus/2024/02/18/the-free-city-of-liberty-enslaved/

  5. As you have noted … it is a Presidential Election Year and the incumbent is up for re-election. NO WAY will the POITICAL Fed raise interest rates before a close contested election when the majority of the Fed’s party candidate is trying to get re-elected.

    People may think the Fed is Non-Political … nothing is further from the truth.

    People get appointed to the Federal Reserve Board BECAUSE they campaign for the job, just out of the sight of everyday Americans, but the campaigning is always hot and heavy. In doing that those who finally get appointed become accomplished politicians and get a sixth sense of which way the Political Winds blow during times of storms, and now is certainly a time of storms. (why else would they have taken interest rates so low other than because at their core they are politicians? there was no logic or history that going that low would do anything good in the long run for the economy).

    NO RATE HIKE before the election no matter what the data shows . You can take that to the bank.

    • Seems “take it to the bank” only works if banks are open.
      Joe needs a 9/11 on steroids. With a big enough domestic attack:
      1. He could see prepper goods
      2. Quash any online dissent of mention of alt. candidates
      3. Make himself into the “don’t changes horses during mid war” candidate
      4. Get Hunter and other son off all pending hooks.
      5. Veto anything genuinely useful out of capitol hill (a long shot, sure)
      6. Complete the sell out of America to China and the corporatese.
      7. Set up intergenerational succession. I have recurrent nightmare of a Chelsea-Hunter ticket…

  6. “I have recurrent nightmare of a Chelsea-Hunter ticket…”

    Wash your mouth out with soap and save me the trouble.

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