DocRayZzzzMD
1.2K posts

DocRayZzzzMD
@drroakie
MD - Trained at the University of Oklahoma and UCLA. MBA - Pepperdine University. Studies Austrians: Mises, Hayak, Rothbard and Ron Paul. Hard money. #EndtheFed



@HollyCabot boomers use up TRILLIONS of dollars of social security, medicare, and medicaid PER YEAR. All paid for by the youth FOREVER. These are unsustainable services that will implode just as the boomer dies. "The boomer's greatest fear is discomfort" - Tim Dillon



@NiedsG @MiscreaRichard Life wasn't easy for them but they had paths available to them that don't exist for young people today. Many young people today do the math and see that no amount of scrimping and saving will get them on the housing ladder without having to live in the ghetto








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?



GRADUATE STUDENT LOANS WILL NOW BE CAPPED AT $20,500 PER YEAR AND $100,000 TOTAL, PER THE HILL.


NEW: Health experts warn hantavirus may be “more contagious than thought.”



HANTAVIRUS patients rushed into Atlanta hospital Medics in FULL head-to-toe hazmat suits wheel them on stretcher from ambulance









