Rat fucking sounds like Pagan performance art. I blame Mutual of Omaha’s Wild Kingdom and their wrestling with animals in the dirt and mud.
AI will need to delete that programming to prevent the development of hippies and goat-ropers.
The Fed turned off the $120 billion a month subsidy to the markets (in place since March 2020) and intends to raise rates several times this year to combat inflation (which hurts tech that relies on cheap financing).
Chairman Powell (Repub) has turned hawkish.
I guess we could blame Biden for renominating Powell as the Fed Chair, but the nation made it clear they are scared of inflation.
This is the inflation medicine - Paul Volcker style.
The markets are falling because the Fed is no longer pumping $120 billion a month into markets and will raise rates this year - in order to combat inflation. The Fed has turned hawkish and that is deflating some bubbles.
TLDR: Brrrt has silenced.
The end of the Fed’s $120 billion a month subsidy to the markets and promise to raise rates rapidly this year (all to combat inflation) is drying up excess liquidity for Tech and crypto.
The Fed is using its inflation tools.
Reminder about China - they are still pursuing COVID-zero. We gave that up a long time ago. The Olympics will be interesting given China’s stance on eliminating COVID.
Zion National Park - Today is the deadline to obtain a permit for hiking all the way to the top of Angels Landing. The permit gets you access to the chains section of the hike. They went to the permit system because of crowding at the top on the chains. https://www.nps.gov/zion/planyourvisit/angels-landing-hiking-permits.htm
I watched the speech and the press conference in their entirety. The President went deep on policy. I was impressed with his command of the issues and his directness.
But few Americans care and the Press spins and sells headlines rather than engaging in the substantive issues.
For those concerned with his grasp of the issues, watch the presser. I think you might find some solace. He wasn’t my choice for the nomination, but the handwringing is overplayed and wheezy. YMMV
Fierce. Love the art. The patina surrounding the stars connotes strength and reliability in my eyes. The stories it could tell.
what is the pronoun for coins among collectors? She or it?
If the Treasury holds gold as a fallback, it has value. Interest is down. This type of inflation is misunderstood when the Fed is turning off the spigots rather quickly. Since it was artificial ($120 billion a month since March 2020), there was no play in gold longer term. It looks to be priced well given the Fed hawkish pivot to control inflation. If the inflation risk is low long term, gold waits. It’s not going anywhere.
cryoto has not behaved as an inflation hedge in this go around.
Fantastic. If you don’t know the plot or have trouble with lyrical prose by Shakespeare, I would definitely watch with captions. The cinematographer nailed Joel Coen’s aesthetic for the film.
Best Denzel since Training Day. YMMV.
beautiful and well-acted film