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J Powell killing everything but inflation.
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Again, it’s transitory
He’s got over 6% inflation left to curb, there are probably a few more hidden doors
J Powell right now:
What absolutely backwards thinking.
He should have gotten aggressive as shit right from the start. But he’s probably more worried about what the institutions think. Not a leader at all.
Inflation is the last to go. The LAST thing people are going to do is stop buying gas, food, or housing- meaning you have to see people foreclosing, moving in with family, getting laid off, even selling off positions before inflation takes one on the chin.
Forcing poor people to sell their assets so the rich can swoop it up like always
Bonds are getting fairly cheap. Buying bonds now means a decent profit when rates come down in something like a year. To hell with crypto. Equity will be at a premium buying opportunity in 1-2 months. As for unemployment…. I’m applying for a government job. Best bene’s around.
Yeah, you know your model of shit is fucked when you say that unemployment is “too low” and that it’s a problem.
Sadly, there isn’t a human alive right now who really understands the wackiness of today’s labor market. This is going to be brutal.
Federal reserve is like a heart doctor that only has shock paddles. Great if you’re having a heart attack. Not what you want if you only have high blood pressure.
Worst fed ever
Housing next im sure
The whole system needs to collapse
Worst Fed chairman in my professional career
This is a generational wealth transfer. Only an idiot would think the FED and Government are here to help people, it’s exactly the opposite.
A sad state of our reality, J.P. does not give 2 shits about people! He is saving the insiders, friends and those with money will by buying things on a fire sale for pennies.
More call’s on Powell’s butt mayonnaise?
Jpowell is TIME magazine’s person of the year
We needed Powell to be transitory badly, and yet he’s becoming as entrenched as inflation.
J Powell is the first to admit he doesn’t know what the hell is going on.
Everytime I open my portfolio and see everything trending red I know this mf said SOMETHING
Remember when everyone wanted the second and third stimmies? Yea that was fun.
JPow gonna cut rates slowly until the whole economy is dead and we have 20% inflation. Because the economy is transitory.
In stemming a wage-price cycle, you hope that reversing frothiness in asset markets will be enough to prevent early retirements and increase labor supply. But in reality, you usually just end up burning through all that wealth so you can hit labor demand on the firm side to fully stem the cycle.
Inflation is fiscal in nature. They’re going to have to hike a lot harder to kill it
Funny enough that is exactly what is happening destroying everything but inflation
I mean how the fuck do you stop inflation that is driven by a lack of supply?
Please use small words I’m a ratard.
His new name from now on is J Poopypants
You missed the real estate market…or is that the next door after the next door?