Thursday, March 23, 2023

almost cut my hair

 It happened just the other day

It's gettin' kinda longI coulda said it wasn't in my wayBut I didn't and I wonder whyI feel like letting my freak flag flyYes, I feel like I owe it to someone (D. Crosby)


It was like a scene out of a movie as the Police and SWAT teams swarmed past my house last night , racing as fast as they could to Norwood Ave and the campus of Monmouth University. The Long Branch students were under attack and it wasn't from the Chili at Jacks Goal Line Stand. No Sir , an active shooter was reported on campus and soon thereafter social media was flooded with Tik Tok videos of the brave students cowering in closets and hiding under beds. China watches and XiXi Pingpong laughs ....why waste a missile on these asexual snowflakes ?

Thankfully cooler heads prevailed as the Police concurred that the active shooter was really just a student with a curling iron (i wish i made that up) , but never waste a crisis.....classes today were delayed until Noon......ya know, so everyone can grab a double espresso latte in the student union and share videos about their near death experiences the night before. (kind of glad David Crosby is dead and didn't live to see his classic tune dragged into this display )

in the real world Chairman Powell raised rates a 1/4 point as most people with a clear head expected, but still seemed to rattle the markets...or so that's how it is being reported this morning.....NOT TRUE.....i watched Powells Q&A live in the yard with a cool refreshing glass of beer.....he announced the hike at 2:00 .....around 2:20 the markets were actually up close to 300 points.......it seemed to change when a reporter asked how many banks received a "HEED THIS" alert from the Treasury Dept and how they can ensure that the troubled banks actually do stop what they are doing and heed this warning........first he said " I don't know"....yikes.......then someone off camera told him 6 banks recd the panic level alert.....and then he concluded we really don't have the tools to ensure that they do in fact heed this warning.......well then......in the next 90 minutes we gave back the 300 point lead and closed the session down 500 Plus. He then explained how the current quantitative easing isn't really quantitative easing (even though it involves the Treasury printing more money) Powell insisted that the reason for printing money was different now......but umm....won't printing money increase inflation ? and you just said you won't really stop raising rates until inflation is under control (2% target is absurd, we are at 6%......if he can get it to 4% i would be impressed) and so it goes........print money and raise inflation then raise rates to fight inflation.......vicious cycle.

I don't envy his position and he seems like a conflicted human...but if you are raising rates to slow inflation then you accept that some institutions will crash under higher rates and you need the unemployment # to rise to really slow the economy......well then you can't step in with a printing press to bailout all the mismanaged institutions to are crashing under higher rates and give $$$ like Sanity Klaws to the newly unemployed.....that's the definition of being counter productive ..........me head hurts, thank God i have a fridge of beeeeer

When I finally get myself together
I'm going to get down in that sunny southern weather
And I'll find a place inside to laugh
Separate the wheat from the chaff
I feel like I owe it
To someone, yeah


4 comments:

Anonymous said...

No "cool refreshing glass of beer" just JACK, JACK, JACK from now on...

Anonymous said...

Must act quickly

Anonymous said...

The end is coming

$30+ trillion

Interest expense up approx 30% YOU

and full 12 month rise not impacted

Rates still rising

What’s the word I’m looking for?

Unsubstainable

Curling irons won’t help

Alvarez

Anonymous said...

YOY

alvy