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Everything posted by Jimi

  1. Short end Desired effect Demand is hot Pushing upward Coming down Eye-catching Another tick up Less effective tool Soft Flexible Healthy thing to be happening Unusual situation Blackout Come up Threshold Moderating at an acceptable pace Headed down Up where we think it should be Appropriate to slow down now Declare victory We think this job is done Sensitive More than just some pain External forces Seeking a job Capacity constrained Post Participation is high Various groups Service Alone On its face Reduced confidence Expecting progress Important for expectations Core inflation Changing habits Watching very carefully Going down Good shape Healthy growth level We watch everything Softened Fluid back & forth Strong position Parts Members Inserted Move One piece In hand Lagging Confusing Overshoot Undershoot Roll that we can play Preliminary Michigan Reading
  2. I’m trying to hear sexual innuendo in everything said at Powell’s presser. It’s all subtle pillow talk.
  3. “At one point decades ago, Mrs. Powell can confirm growth was here. But she will also confirm the materiality of Fed tapering….”
  4. “But at least there’s a normal yield curve….” “I’m told that the yield curve may be slightly inverted…”
  5. He said he was really, really sorry for his contributions to the financial mess he helped to create; he understands & regrets the cynicism Fed policy has caused; and he is selling all his worldly goods, donating the proceeds to the Red Cross, and taking an oath of poverty & silence, only to spend his remaining days in a tiny Nepalese ashram.
  6. Seriously, right?! There was some old joke I can’t remember whose punchline was that it was created by an EU bureaucratic committee in Brussels. That statement reminded me of that.
  7. ECB’s statement: 🤔🤔🤔 15 June 2022 Today the Governing Council met to exchange views on the current market situation. Since the gradual process of policy normalisation was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks. The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the uneven transmission of the normalisation of our monetary policy across jurisdictions. Based on this assessment, the Governing Council decided that it will apply flexibility in reinvesting redemptions coming due in the PEPP portfolio, with a view to preserving the functioning of the monetary policy transmission mechanism, a precondition for the ECB to be able to deliver on its price stability mandate. In addition, the Governing Council decided to mandate the relevant Eurosystem Committees together with the ECB services to accelerate the completion of the design of a new anti-fragmentation instrument for consideration by the Governing Council.
  8. I shudder at that prospect & what it would imply. The capitulation to plutocracy in 2007/08 perhaps sealed our financial fate: it was the last chance to require consequence of risk. Now the debt load is only larger, and the necessary price to be paid only greater, and the breadth of fallout will only be wider. Perhaps they can jam another set of QE pennies into the fusebox for another cycle, but doing so “solves” nothing. Rather, it forestalls everything just a little longer. It’s just horrible what policy has understood of “the public interest.”😢
  9. I’m so outta touch, I didn’t even realize it’s Fee week.
  10. I’ve been thinking they could go surprise interim hike. “Volker Light” massacre. 75 or 100. To try to reclaim the narrative and convert non-believers, and thereby ultimately curtail hikes sooner/lower.
  11. Get off the mat, Bully!! You don’t want to paint a lower low for your opponent!
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