The Fed expanded the money supply by nearly $9 trillion under Powell.
Inflation has averaged >4% per year over the past 6 years.
Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control.
The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.
@nicksortor The chances of Comey being convicted are near zero but how nonsensical and partisan it looks in the eyes of independent voters is priceless for Dems. This looks like political vendetta period. But go tell you boss that 😀
🚨 BREAKING: Disgraced FBI Director James Comey is officially UNDER ARREST, per CNN
He has surrendered himself at the federal courthouse in Alexandria, Virginia, and is now appearing in court.
However, he’ll have to travel to NORTH CAROLINA to face a judge there, as that’s where he’s been charged with multiple felonies.
@BarbellFi That yield indicates expected inflation so not sure $50K will be enough to cover same expenses next year (or the years after that). Just saying. . .
I’m 36 & want to retire now
30 year treasury yield is 5%
My annual expenses are $50k
I can buy $1 million of these bonds
Get $50k/year to cover my expenses
For 30 years
Get my $1 million back in 30 years
Then at 65 collect social security
I’m strongly considering this 😳
@EricLDaugh The plan that economic crisis is enough to force Iran to capitulate is such a fallacy. We’ve seen this game before and these regimes always outlast the pressure.
🚨 JUST IN: Scott Bessent reveals Iran’s KHARG ISLAND is about to MAX OUT on oil, set to cause damage and -$170M DAILY 🔥
“Tehran’s inflation doubled and its currency has rapidly depreciated.”
PERMANENT oil damage coming. China can’t do a thing about it!
@philarekt Wait, this makes absolutely no sense. Nobody in the fucking world is expecting Fed to raise rates, which last two scenarios would mean. Everyone is expecting Fed to stay pat. What’s the purpose of this post??
🚨 BREAKING
🇺🇸 FED WILL ANNOUNCE ITS INTEREST RATE DECISION TOMORROW AT 2 PM ET!
< 3.50% - MARKETS WILL PUMP HARD
< 3.75% - MARKETS WILL NOT REACT
< 4.00% - MARKETS WILL DUMP HARD
EXPECT GIGA HIGH VOLATILITY IN MARKETS
🚨 BREAKING:
🇺🇸 TRUMP JUST REVEALED A MASSIVE TAX CUT PACKAGE HE CLAIMS WILL BE THE LARGEST IN U.S. HISTORY — EXPECTED TO ROLL OUT NEXT MONTH.
HE SAYS U.S. FAMILIES COULD SEE AN EXTRA $11K–$20K STAY IN THEIR POCKETS EACH YEAR.
IF PASSED, THE EFFECT ON THE ECONOMY COULD BE IMMEDIATE. 💸🔥
TRUMP SAID IRAN WANTS THE STRAIT OF HORMUZ REOPENED AND MAY ACCEPT AN INTERIM DEAL TO END THE US NAVAL BLOCKADE WHILE BROADER WAR-END NEGOTIATIONS CONTINUE.
@mmpadellan Plus Vietnam was a war and according to his administration this is not even a war. Press has been so neutered by his ad hominem they don’t ever dare to ask him the tough questions
Anybody else find it enormously OBSCENE that trump keeps invoking Vietnam, as a defense for his timeline on the Iran War, while that fucker got FIVE DEFERMENTS to avoid serving in Vietnam for his phony bone spurs?
Fuck that jackass.
@SMSalas14@sirDukeDevin So it’s a race to the bottom? Man, Dems have issues, but 29% approval is really really bad. Dems may not be the answer but neither is Trump. Get out of that cult and make GOP great again 😀
I’m my opinion, the most beautiful car ever made. The classic Aston Martin DB5. An icon of British culture and James Bond. What do you think is the most beautiful car ever made?