E

[E @shadow_hansng]

@dailychartbook @sam_gatlin not sure if this data is correct. Large spec is net long 🤷

[E @shadow_hansng]

@baynkr 😂

[Kurt S. Altrichter, CRPS® @kurtsaltrichter]

Warsh has signaled he wants to change the Fed’s preferred inflation gauge.

The Fed has used Core PCE, which excludes food and energy, as its benchmark since 2000. Warsh favors Trimmed Mean PCE, which removes the most extreme price movements each month instead of excluding whole categories.

The practical difference: Trimmed Mean PCE currently reads 2.36%, well below the 3.20% reading on Core PCE. Depending on which measure the Fed follows, the case for rate cuts looks very different.

This is not a minor procedural change. The metric the Fed uses to gauge inflation directly determines when it judges the economy to be at target.

If Warsh moves the committee toward Trimmed Mean PCE, he is mathematically moving the Fed closer to a declared victory on inflation, which creates runway for rate cuts even as headline readings stay elevated.

You’d think with 400+ Ph.D. economists and 500+ researchers on the payroll, the Fed would run the most sophisticated macro forecasting operation on the planet, leaving Bloomberg and every major hedge fund in the dust. Not even close. When the data doesn’t cooperate, just change the data.

Same thing I saw in the Army when time or weather worked against higher leadership, and we would quietly move the goalposts rather than admit the standard couldn’t be met. Can you tell why I didn’t stick around for the full 20 years?

[E @shadow_hansng]

@darioperkins @tyillc besttt 🙏🙏🙏

[E @shadow_hansng]

@MBjegovic @TotemMacro marko. you should remove the paywall otherwise noone knows what you’re talking about sir 😂

[Thrilla the Gorilla @ThrillaRilla369]

To be truly fluent in English,
you must know your shits

Dogshit: Very poor quality
Bullshit: Not true
Horseshit: Nonsense
Apeshit: Rambunctious
Batshit: Insane
Chickenshit: Cowards
Ratshit: Poor quality
No shit: Obviously
Holy shit: Unbelievable
Hot shit: Very good
Dipshit: Total dumbass
Tuff shit: Take it or leave it.
Jack shit: Nothing
The shit: Perfection

[New York Fed Research @NYFedResearch]

Repo and the Liquidity Risk Premium

By Adam Copeland and Owen Engbretson

https://t.co/dBN9P3r0Ik

[E @shadow_hansng]

@OGshoots find a job in the investment industry. learn their crafts and go from there

[E @shadow_hansng]

@darioperkins 😂 can’t find better wordings than this

[E @shadow_hansng]

@dampedspring @DumbMacroMan @NikLentz @MikeJamesOnline @rorotrader @DsrPrivate @DSMMAprivate @Jimmyjude13 im on the 10% individual side and my learning curve has been on steroids. Can’t stop taking it 😂

[E @shadow_hansng]

@Markos_mom C

[E @shadow_hansng]

absolutely

[BuccoCapital Bloke @buccocapital]

If spending five days being present with loved ones derails your business you never stood a chance in the first place

[E @shadow_hansng]

@JacobNi73591016 @darioperkins @FT use https://t.co/44s9oEAeLj sir

[E @shadow_hansng]

@bennpeifert nice shirt sir 🙏🙏🙏

[E @shadow_hansng]

@investingidiocy @ZenomTrader here they are https://t.co/Nh09WT4aPW. They are pretty big in retail prop trading. I’ve been trading with them for the last 3 years. Would love to read your take on this

[Fed @lord_fed]

I’ll gift 5 free monthly subs to people who like + RT this post. You’ve got until I hit 50k.

Will tag winners once I hit the mark. If you’re already a sub and win, I’ll extend your access.

[E @shadow_hansng]

@jason_kint it’s weird leg cross tbh