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Polish Jokes 12/15/21

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It's hilarious. but it isn't a joke. Well it is a joke but nobody gets it.  Everybody is the straight man. All the headlines are touting '3 RATE HIKES', about the meaningless Fed Funds rate.  

Fed Funds Rate?  With $1.5TN in excess reserves?  It's a non sequitur. 

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11 minutes ago, Jorma said:

It's hilarious. but it isn't a joke. Well it is a joke but nobody gets it.  Everybody is the straight man. All the headlines are touting '3 RATE HIKES', about the meaningless Fed Funds rate.  

Fed Funds Rate?  With $1.5TN in excess reserves?  It's a non sequitur. 

especially since it is "All In the Future"......

>: guess it is time to work on the Bond Ladder with all

those rate hikes coming........

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NQ has retraced more than 1/2 of its Monday-Tuesday drop--in about an hour. Impressive. Is this a result of the pay downs being put to work, shorts' testicles in a vice, an early start on resubstantiation day, none of the previous, or a combination of one or more?

I imagine it's too much to hope for Powell to say something stupid in his comments that takes 'er down. 

Guess it doesn't matter. Guess ya just gotta hold your nose and trade it. 

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