FED'S GOOLSBEE: THERE SEEMS SOME CONFUSION IN THE MARKETS TO HOW THE FOMC ACTUALLY WORKS.
(People are confused as to IF you guys & gals even work at allโฆ)
@MacroAlf Sadly i am positive that ship sailed a long time ago these people have been and continue to be clowns they have zero credibility remember transient inflation remember contained do i need to go on
Raising your inflation target from 2% to 3% BEFORE actually hitting your 2% target first makes any Central Banker look like a clown
That matters because the biggest asset of a Central Bank is not policy rates or QE/QT and so on
It's credibility
Hurt that for good and it's over
I don"t know seems like this merits some consideration here again we cant quite figure out why people are so angry...well "rules for thee but not for me" ...seems like a good place to start
CNBC (lol):
"Daily trading in zero-day options hits a record $1 trillion, fueling concern of โVolmageddon 2.0โ"
It appears they've done the opposite: prevented the market from moving very far away from intraday high volume nodes.
we either need to get rid of these stupid 0d options or we need to impose a 90% tax on profits.
Look forward to the Congressional investigation after the blow up.
People being forced back to work (part time jobs spiked) because consumer debt numbers have gone to the moon. I am not sure the market is connecting the dots yet.
Atlanta Fedโs Bostic said he hasnโt decided between a 50bp or 75bp rate hike in September. โAt this point, Iโd toss a coin between the two.โ https://t.co/KGP4vLbqMr
well then that settles it I mean if someone who clearly has a vested interest in controlling this narrative says no recession then I guess no recession... just please do not look at any of the data that clearly shows we are in a recession but hey you know rock on Joe
as good a place as any to start house cleaning.. perhaps from there we can move on to the federal reserve where apparently their only utility is to line there own pockets by front running there own policies God knows they have been wrong on literally everything
Joe Rogan built a career off marijuana culture but the only governors he's ever praising on his show are in favor of criminalizing marijuana and destroying millions of lives over it. He went from Bernie/Yang to Ron DeSantis in 2 years. This is a fundamentally unserious man.
Blind Faith was a great bandโฆ shitty way to go through life though.. Fed is about 3 1/2 years behind the curve.. yet we continue to bow at their altar and believe their bullshit
yes a "broad sell off" ...most all the way back down to where they were 3 days ago... for the love of god can we stop with the nonsense click bait headlines