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washparkhorn

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Everything posted by washparkhorn

  1. Absolutely. They are the reason we have a Republican House. Time to clean house, NY Dems.
  2. The House reeks of booze, fromunda cheese and cheap cologne. I can smell this photo:
  3. Watching cspan and wishing the House members were obligated to wear their special interest/corporate logos on their clothing.
  4. Looks like the 80231. It will be warmer in Denver today than it here in Clemson. I miss Colorado weather.
  5. Services inflation is the sticky wicket as we go forward. Goods inflation has peaked or will peak shortly. Services inflation remains elevated — and is reflective of rising wages according to JPowell. Monetary, not fiscal (politics), decisions are driving policy.
  6. I believe this will be the first engineered recession in modern history. There is no playbook to follow, only theories of how the animal spirits will react. “Demand destruction via unemployment” is the play called by the Fed. In a consumer driven economy like the US (roughly ⅔ of GDP is consumer spending), the Federal Reserve is meddling with the primal economic forces of nature.
  7. BOJ bends the knee. “Tighter BoJ policy would remove one of the last global anchors that’s helped to keep borrowing costs at low levels more broadly,” Deutsche Bank analysts told clients, noting the BoJ move had come as markets were “already reeling” from the European Central Bank and Federal Reserve’s hawkishness last week. Many economists now expect the BOJ to raise interest rates next year, joining the Fed, the ECB and others after a decade of extraordinary stimulus. https://www.bloomberg.com/news/articles/2022-12-19/asia-stocks-set-to-fall-as-inflation-fight-endures-markets-wrap?srnd=premium
  8. https://www.captiongenerator.com/v/2284647/elon-reacts-to-twitter-implosion
  9. Hell of a drug for many social conservatives. The science backs it up: The authors investigated the role of homosexual arousal in exclusively heterosexual men who admitted negative affect toward homosexual individuals. Participants consisted of a group of homophobic men (n = 35) and a group of nonhomophobic men (n = 29); they were assigned to groups on the basis of their scores on the Index of Homophobia (W. W. Hudson & W. A. Ricketts, 1980). The men were exposed to sexually explicit erotic stimuli consisting of heterosexual, male homosexual, and lesbian videotapes, and changes in penile circumference were monitored. They also completed an Aggression Questionnaire (A. H. Buss & M. Perry, 1992). Both groups exhibited increases in penile circumference to the heterosexual and female homosexual videos. Only the homophobic men showed an increase in penile erection to male homosexual stimuli. The groups did not differ in aggression. Homophobia is apparently associated with homosexual arousal that the homophobic individual is either unaware of or denies. https://pubmed.ncbi.nlm.nih.gov/8772014/
  10. From 2009 - 2021 the Fed pumped up the equity bubble. Anyone who “followed the Fed” and brrrt during that time had an easy time. Contrarians were crushed over and over again. Those days are over, until the Fed restores the Greenspan Put (which will happen, because the Fed will not allow international capital to to suffer). Same as it ever was, until it’s not.
  11. https://www.bloomberg.com/news/articles/2022-12-17/pension-wealth-funds-dump-100-billion-of-stocks-in-quarter-end-rebalancing?srnd=premium The world’s biggest money managers are set to unload up to $100 billion of stocks in the final few weeks of the year, adding to a selloff that’s snowballed since Jerome Powell’s unequivocal message that policymakers will press on with aggressive tightening at the risk of job cuts and a recession. Notwithstanding their losses this week, equities gained over the quarter, driving up their value relative to other asset classes and forcing managers with strict allocation mandates to sell them to meet targets. Bonds are the likely beneficiaries of sales by sovereign wealth, pension and balanced mutual funds looking to replenish their fixed-income holdings, according to JPMorgan Chase & Co. and StoneX Financial Inc.
  12. Down here in the southeast - people are dreaming of a white Christmas.
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