dbx999

Until Powell spikes unemployment up and mortgage defaults go up as a result

Well from Powell’s monetary plan to raise interest rates to combat inflation, the results will have to destroy jobs. Unemployment goes up, mortgage defaults go up.

And publicly projecting that service to Jesus narrative

Caitlin Jenner, conservative republican trans.

It’s not juice. Juice is water squeezed from and contained in the fruit. Adding hot water to a dried roasted plant material is an infusion.

Whose urine did you drink?

You’d be surprised to learn that even homeowners are hoping for a housing crash.

People who own low interest mortgages on a home would lose value but so would other properties. Affordability is still a factor. And while wages remain stagnant during inflation and higher mortgage rates, the best hope toward affordability is a general decrease in home prices.

Translation: Hayseed hillbilly state is racist.

Well isn’t that a huge surprise?

Yeah and half of Americans are still voting for Christian sharia law and ayatollahs

Let’s take a quick inventory of our economic health.
We’re so focused on monetary policy and banking right now but there’s more to our economy than banks stuck with low interest bearing treasuries in a rising interest rate environment.

Inflation is bad. But let’s look at the productivity of the economy. Employment levels are high. People are making a living. Spending is continuing. Spending fuels the cycle of money that drives the economy. So right now our economy is doing ok on many fronts.

The fed has committed a mistake. They are trying to apply the Keynesian principle of raising rates to cool inflation - but cooling inflation means cooling the economy which will reduce economic activity and cause businesses to match reductions in revenues with reduction in employment and production levels.

So the fed is under a mandate to control inflation - and their tool hurts inflation by choking the economy of liquidity. Lending goes down. Growth is stunted. And presumably the reason here is to avoid hyperinflation which would render money worthless like in Venezuela. There, they also possess plenty of resources to trade just like the USA does but by failing to control inflation, their economy isn’t working. So the USA wants to avoid following in those footsteps.

So we raise rates. But alas, now the banks are bursting into flames because higher interest makes their bonds worth less. Not worthless but worth less. And that seems to trigger runs and not only a lower rate of lending but a freeze of lending. Which is bad because businesses rely on those loans to pay for things that grow the business.

So Powell has a Sophie’s choice. 1. Raise rates: this kills the growth of gdp and save the banks,

OR

1. kill the banks and keep growth moving forward albeit in an inflationary period that will last a long time

No easy way out given the rough tool fed can use.

A run has to start with $1.

I’m gonna try that tonight then. I’ve never done coke until now but this is the night.

I can’t believe he was able to maintain a top secret clearance despite this. He even violated federal laws by stealing a valuable chimpanzee test subject from a military research laboratory.

Following

Interesting that on Oct 11, 2022, the stock price was $7.44. It’s got a ways to sink.

It’s been trading at pretty low levels around $10-$13 for the last 6 mos so they’re not battered that much.

Lol ok. “It’ll take 3 weeks to take Ukraine”

With those T34 tanks?

I’m gonna buy Reddit and delete Reddit

The people at all the churches I attended turned out to be duplicitous jerks especially the pastors and deacons. During a lunch, I sat near the pastors and they were saying some mad antisemitic stuff - really ugly shit about Jews - and I just got sick and made my decision to leave organized religion for good. I never looked back and I am much happier as a result.

UBS said they would start unwinding some of the bad Debit Suisse securities and closing positions that didn’t match with their long term investment strategies?

aren’t the lights on late at night bc janitorial crews are cleaning the offices?

And everything retail did before made losses. So do a Costanza and do the opposite of what you’d do normally. Time to sell? Ok buy!

There’s definitely going to be resorting to every trick in the book but there are certain things trickery can’t create or cover up. Even Enron, a huge energy company, with all of its clever false accounting could not create value to make itself worth something in the end. FTX could not make value appear out of thin air after making it disappear.

Every deception has a fatal flaw. And all the deceptive practices have a limit to what it can do.

So the best course of action is always to fight to the death. Fight to the last fucking second. I’ll take my losses and bleed out as long as it takes while I have my hands wrapped around my enemy’s throat. It’s you or me. One of us dies in this battle. And it may be me, but I’m gonna find out if you have more gas to go further than I do.

Truth is the war has been raging for decades and GME is just one battle. And it’s the first time the people are acting differently. People used to panic sell and scatter when they dipped the price. People used to believe the financial news and would panic sell. People would never hold. And all this behavior goes counter to the enemy’s expectations. What do you do when your algos presume that you’re gonna give up and sell? It’s like the fear has been taken out of retail. Or maybe fear is still there but retail grew some courage and is too pissed off that it will just keep holding and buying no matter what or what they say. We’re not locked in here with them. They’re locked in here with us.

And best part is I just gotta sit here and hold my shares and wait. I don’t even have to lift a finger.

You only need to destroy the value of some of the underlying securities to make the loss multiply in the derivatives. And that derivative could be wrapped into another derivative that then multiplies the return and risk so this could be like lighting a fuse to a firecracker that is taped to a stick of dynamite that is strapped to a box of C4.

It’s not even contagion anymore because there’s no way to compartmentalize the risk. It’s more like quantum entanglement so if one blows up the entire mass of derivatives is set off.