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![David Watson 🥑](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="96" height="96"><rect fill-opacity="0"/></svg>)
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Note, this happened without much increase in the unemployment rate--less of an increase than the FOMC had expected in late 2022 and early 2023 (although on track with their forecasts for the last year or so).
The "ecosystem" remains exactly the same. Money markets are filled with dollars, stock indices continue to rise with decreasing volume. Now, we also see a rise in nominal rates driven by higher demand for term premium—large enough to offset the declines in inflation expectations.
Core inflation is exiting Covid & Bidenomics about 100 bps higher than it entered.
I heard that Trumps tariffs will add 1 to 2 % points to inflation
Jason - wouldn’t it make more sense to compute these numbers with current rent lease inflation? That’s sitting at 1% as opposed to 5% for CPI rent
Jason - I respect your opinions greatly. What if DJT proposed cutting SS rate to 5.0%, but took the cap off. Wouldn't it be revenue neutral or better for tax collections, but give poor, working class, and middle class a tax cut, and fight income/wealth inequality? MAGA indeed.
The FOMC was foolish to cut by 50 and then follow with another 25.
The incompetence at our central bank is breathtaking.
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You can go to basically any grocery store in America right now. And there will be plenty of pies and turkeys. Underrated supply chain marvel.
Campaign strategy debates will be with us forever, but it's worth asking a movement-wide question — if conservatives acted like progressives, how would they have responded to Trump saying he wouldn't sign any federal abortion ban and what would the consequences have been?
Might as well create a Federal Pokémon card reserve. It’d be just as speculative and unnecessary, but at least we’d get the physical cards out of it so we could catch ‘em all.
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tony romm
@TonyRomm
NEW: Trump has called for creating a new federal stockpile of bitcoin. Some crypto executives want him to place a risky bet -- and spend billions of dollars to create in the hopes maybe it'll pay down the debt?
A controversial idea, and one to watch. Link below.