@MassDailyNews Soon nothing but illegals will live in mass. The taxpayers base will be gone. Healey and will will retire, and the devastation liberals left behind will be all thats left of a once great state.
Sad.
@robprogressive In Mass I pay 41k to the govt for every 100k i make thanks to STCG taxes... And God forbid you pay them all by April once you square up all your accounts and qctually see how the year ends.. if you dont pay QUARTERLY you pay fines for under withholding.
Absolute robbery
@EPBResearch exactly, and you don't get this type of financial repression when inflation is trending lower than rates... so all of that is a bunch of bs
@HushWealth@DrJStrategy and demand is tanking, as consumers get hosed with shelling out 0.7% more cash just to receive a fractional 0.3% more in non-discretionary items... As energy falls, and folks tighten their belts, demand side falters. we get deflation.
@BlacklionCTA folks are shelling out 0.7% more cash just to receive a 0.3% more in actual goods and services. They arent buying more stuff bc the economy is expanding; they are burning through wages to cover higher nominal costs of non-discretionary items - late cycle stuff, deflationary
@jam_croissant All is true except that bessent has been very vocal about not letting the bond market deteriorate further and he plans to pin inflation down under rates..hes said this many, many times...
@MPelletierCIO combine with commoditization of chips and memory, over buildout of AI infra, and a hollowing out of the spending power of the upper K via years of inflation and now AI job losses... and you understand that long duration is now the convexity nobody expects or is positioned for
You can't have financial repression with inflation trending way lower than the federal funds rate. If financial repression is executed via forced institutional compliance in a deflationary crash, it acts as a massive, artificial structural bid for long-duration bonds!
$TLT $TMF