The presumption that the Fed raising short-term rates reduces inflation is predicated on the belief that higher rates reduce demand and investment.
But what if higher rates don’t reduce demand and investment because the demand for intelligence and energy is unaffected by higher rates because winning the race for super intelligence has a near infinite ROI and the demand for compute will remain incalculable.
Why won’t higher rates at this unique moment in history therefore lead to more inflation as interest costs are embedded in everything?
And the problem is compounded as the more the Fed raises rates, the more inflation we will have and the more the Fed will need to raise rates further and so on.
But what if the old models don’t apply to the current paradigm and the Fed is wrong?
I think the Fed might have just made a mistake. Am I right or am I wrong?
BREAKING NEWS: I am pleased to announce that the United States of America has entered into an Agreement with The Kingdom of Denmark, and Greenland, that gives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns. There will be NO COST to the United States! At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland in order to secure and defend the security of Greenland, and the United States of America. Additionally, from now on, no U.S. adversary can EVER have a base in Greenland, have a military presence in Greenland, or make sensitive investments in Greenland, without our express written approval. For over 100 years, Presidents have known the strategic importance of Greenland, but NONE of them were able to do anything about it. I am proud to be the President that permanently and conclusively addressed this very important situation. This is an “Infinite Life” Agreement, there is no end! We are very honored and proud of what has just taken place, and everything agreed to today will be cherished by the American People. We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland, of which there are many. We will work with the people of Greenland in its development and construction. This solution is a great one for the United States of America, Denmark, Greenland, and all of our Allies. We look forward to working with the wonderful people of Denmark and Greenland toward a magnificent future with respect to this large, and highly strategic, parcel of land. We will be very protective of it! This is a dream come true for the United States of America, one that is very important, historic, and special. Thank you for your attention to this matter! President DONALD J. TRUMP
The Democrat’s fundraising platform knowingly and repeatedly ACCEPTED foreign contributions in violation of the LAW.
Is it any wonder all TEN ActBlue employees pled the Fifth?
Democrats broke the law and they knew it. Republicans are exposing the truth, securing our elections, and making it harder to CHEAT.
The brilliant work of @JudiciaryGOP, @HouseAdmin, and @GOPOversight has EXPOSED ActBlue’s disgraceful conduct.
Karen Bass suddenly stepped down from LAHSA a few days ago. Today, HUD Secretary Turner just revealed that $75M of fraud was laundered through LAHSA.
Probably nothing!
Howard Lutnick lost his brother and 658 employees on 9/11.
He then committed 25% of his firm, Cantor Fitzgerald’s, profits over 5 years to the families of his employees.
Beyond distributing money, he covered 10 years of health insurance for the families and hired children of victims as they grew up at Cantor
Thinking of @howardlutnick and all the families of the victims today
🚨 This morning, the FBI and our partners arrested a subject near Los Angeles for allegedly paying homeless individuals on Skid Row in downtown Los Angeles to sign petitions in support of ballot initiatives—all using stolen identities of registered voters.
Two additional petition circulators have also been charged in the investigation. All three subjects are charged with conspiracy to commit identity fraud in furtherance of a state felony, among other charges.
Securing American elections from criminal interference is of the utmost importance to this FBI.
If you mess with our elections, this FBI will find you.
Great work by @FBILosAngeles and our partners.
-DKP🇺🇸
SECRETARY RUBIO: The left-wing destroyed Venezuela. The left-wing destroyed Cuba. The left-wing destroyed Nicaragua. The left-wing has basically destroyed every country they've gotten ahold of in the hemisphere.
Mayor Karen Bass is apparently “not available” to testify before Congress about Los Angeles’ homelessness funding on Sept. 15.
LAHSA has received over $1 BILLION in federal funds since 2021.
Surely Mayor Bass can find some time to answer questions about where the money went.
Becerra's corrupt machine is building a "Palace for the Politicians." One of the most EXPENSIVE buildings in America. Costs over a billion, more than DOUBLE what they said.
They're stealing our money. Becerra would be more of the same. Enough Is Enough: throw out the insiders!
Christians are being massacred, and their women kidnapped, raped, and forcibly converted to Islam daily in Nigeria.
This past year, more Christians have been killed in Nigeria than Palestinians in Gaza.
And still, not a single protest for them!
How many oil refineries were there in Calif when you were sworn into office? (18)
How many are there today? (11)
How many gallons of gas did Calif produce when you were sworn into office? (14.5 billion gallons)
How many gallons of gas does Calif produce today? (11.5 billion).
Gavin Newsom -- closed 7 refineries and reduced production of gasoline in Calif by more than 20%
Trump didn't do that -- gasoline refining is a state level business.
Newsom did it.
California Capitol Annex Project update:
The $5.2 million now-not-so-secret Italian stonework is being installed on the new office building for lawmakers & future governor.
The stone has been a symbol of secrecy surrounding the $1.2 Billion, taxpayer funded construction:
Yes the Italian stonework is now being installed in the Politicians Palace.
A new luxury building for legislators. Costs have now spiraled to over $1.2 Billion dollars. And the real cost is being hidden by non-disclosure agreements.
And Mike McGuire oversaw it all as the leader of the State Senate.
Meanwhile, many in California can’t afford a home or the high cost of everything in this state.
We can do so much better California.
Being black is hard...so I killed a white boy.
Being a mom is hard.....so I killed my children.
Being injured is hard.....so I assassinated a CEO.
Being LGBTQ is hard......so I assassinated a conservative.
Time to end the excuses era.
It's time for the JUSTICE ERA.
$500M net worth George Clooney could’ve permanently housed 8 homeless people for the rest of their lives with the money he spent on a single-use dress for his wife at a 4 hour event.
I will never tolerate a woke scold lecture from these people. Just be an ostentatious celebrity and own it.