“The recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive”- Powell

🌈 🐻

JPow is conspiring to make me lose all my money 

Tlt is going to moon ?

Rents are rising as mortgage payments rise.  The longer time spent at elevated rates the more rent inflates. They need an owners equivalent rent for actual rents, they can call it renters equivalent rent.

Jerome is more of a politician than a central banker. He looks to save face at every opportunity

A cut is a cut

This day was fuckin stupid.

Remember these dips aren’t panic selling, they’re HFT bots trying to beat other HFT bots expectations of a panic sell.

“Do not, my friends, become addicted to water. It will take hold of you, and you will resent its absence.”

Screw that. People trying to pretend everything from hurricanes to the heat death of the universe is priced in already can die as far as I’m concerned.

Here is another past Powell comment that didn’t age well.

>While recent inflation readings are “a cause for concern,” Powell told the Kansas City Fed’s annual Jackson Hole economic symposium, responding to what he sees as likely to be a temporary trend by tightening monetary policy could be a “particularly harmful” mistake.

Aug27, 2021
[https://www.reuters.com/business/why-fed-chair-powell-still-thinks-high-inflation-is-temporary-2021-08-27/](https://www.reuters.com/business/why-fed-chair-powell-still-thinks-high-inflation-is-temporary-2021-08-27/)

.50% was the catch. It was supposed to be a slight jolt to get things to pertibate based on the new paradigm.