Still think TITNC3: Return of the Iceberg was peak

Not really sure what people expect of the Fed. They can make money cheaper or more expensive. Super blunt instrument in an economy made of intertwined nuances. Like trying to do surgery with a log.

Employment is fine, so they're going after inflation about as aggressively as they can - really, governmental overspending is why they can't get rates up near parity with CPI.

 

Trust me. It won’t be long or deep.

 

I’ll definitely be right about something eventually. Maybe

 

It’s the distraction …

 

Stops FOMO into GME and keeps the rubes duped.

 

Alright...what did $CRSP announce at 14:30 today? Stock tanked on massive volume

 

Algos be algoing

 

Not this:

Inflation is Transitory.
Inflation is worse then we thought.
We will kick inflation in the nuts!

That's not planning. That's reacting.

 

Don't forget the soft landing that's now a semi-soft landing!!

 

Maybe their "plan" was to look like they where reacting? lol

 

“These bottleneck effects have been larger than anticipated, but as these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal.”

• Jerome Powell July 28, 2021.
• June 2021 inflation rate: 5.39%

"Many find it counterintuitive that the Fed would want to push up inflation... However, inflation that is persistently too low can pose serious risks to the economy."

• Jerome Powell August 27, 2021.
• July 2021 inflation rate: 5.37%

"So there are many, many different inflation measures, of course, and that's why we have this thing called the CIE, which is an index of market-based measures... if we did see them moving up in a troubling way and running persistently above levels that are really consistent without mandate, then we would certainly react to that."

• Jerome Powell September 22, 2021.
• August 2021 inflation rate: 5.25%

"I don't think it's time to taper. I don't think it's time to raise rates. Our policy is well-positioned to manage a range of plausible outcomes."

• Jerome Powell October 22, 2021.
• September 2021 inflation rate: 5.39%

"We understand the difficulties that high inflation poses for individuals and families... Let me say that what's happened, is that inflation is coming higher than expected. We see that just like everyone else does, and we see that they're now on track to persist well into next year... I do think it would be premature to raise rates today."

• Jerome Powell November 3, 2021.
• October 2021 inflation rate: 6.22%

"The word 'transitory' has different meanings to different people. It's a confusing word that needs to be retired."

• Jerome Powell November 30th, 2021.
• October 2021 inflation rate: 6.22%

"We're always just going to do what we think is right for the economy and for the people we serve."

• Jerome Powell December 15th, 2021.
• November 2021 inflation rate: 6.81%

"The old system was in place for decades and then suddenly it was revealed as insufficient... We do take the need to protect our credibility with the public very seriously."

• Jerome Powell January 11th, 2022.
• December 2021 inflation rate: 7.04%

"I'd say that the inflation situation is about the same or slightly worse... It hasn't gotten better and that's been the pattern... What we're learning is it's just taking much longer, and that raises the risk that high inflation will be more persistent."

• Jerome Powell January 26th, 2022.
• December 2021 inflation rate: 7.04%

Jerome Powell re-elected as Chairman of the Federal Reserve System.

• Jerome Powell February, 2022.
• January 2022 inflation rate: 7.48%

"The inflation that we are experiencing is just nothing that we have experienced in decades... All the things we did during the pandemic, we turned our dials as hard as we could... Part of what we did and what Congress did is the reason why inflation is so high."

• Jerome Powell March 2nd, 2022.
• February 2022 inflation rate: 7.87%

"These higher prices have real effects on people's well-being and it takes a toll on everyone. If you're at the lower end of the income spectrum it's very hard because you are spending most of your money on necessities, but it's punishing for everyone... We can't blame the framework. It was a sudden, unexpected burst of inflation and then it was the reaction to it, and it was what it was."

• Jerome Powell March 16th, 2022.
• February 2022 inflation rate: 7.87%

"The rise in inflation has been much greater and more persistent than forecasters generally expected... We're not expecting near-term progress on inflation."

• Jerome Powell March 21st, 2022.
• February 2022 inflation rate: 7.87%

"It is appropriate in my view to be moving a little more quickly... We had an expectation that inflation would peak around this time and then come down over the course of the rest of the year. These expectations have been disappointing in the past and now we want to see actual progress... Are we going back to the old economy? Probably not. What's the new one going to look like?"

• Jerome Powell April 21st, 2022.
• March 2022 inflation rate: 8.54%

"We have a good chance at a soft or softish landing... There's a false precision in the discussion that we as policymakers don't really feel... the economy is doing fairly well... I think we have a good chance to restore price stability without a recession."

• Jerome Powell May 4th, 2022.
• April 2022 inflation rate: 8.26%

"I have said, and I will say it again, if you had perfect hindsight, you'd go back and it probably would have been better for us to have raised rates a little sooner... So the question whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

• Jerome Powell May 12th, 2022.
• April 2022 inflation rate: 8.26%

"We all read the inflation reports very carefully, and look for details that look positive, but truthfully, this is not the time for tremendously-nuanced readings of inflation... Sometimes the landing is just perfect, sometimes it's a little bumpy. It's still a good landing, you don't even notice it... There could be some pain involved in restoring price stability, but we think we can sustain a strong labor market."

• Jerome Powell May 17th, 2022.
• April 2022 inflation rate: 8.26%

"We're not trying to induce a recession now, let's be clear on that. We're trying to achieve 2% inflation and a consistently strong labor market... We think that the public generally sees us as very likely to be successful at getting inflation down to 2%."

• Jerome Powell June 15th, 2022.
• May 2022 inflation rate: 8.60%

 

Their plan was to sell the peak (which they all did in Nov) and say it was for "transparency" and now they dgaf while they wait for everything to collapse so their rich buddies can buy it all up again

 

Thanks to whoever put that together. My point was way more succinct but they get my idea. lol

 

Reddit says you're welcome, probably.

 

Good shit today...Now we know every good shit ends with a flush...that's probably tomorrow..

 

Jpow and his soft landing is like me trying to go hard and party at near 40 like I did in college. There is nothing but a catastrophic and painful imminent collapse in either scenario.

 

That's kinda my point though - did you guys every actually buy in to all that malarkey?

I've pretty much gotten what I expected from the Fed, if you know what I mean.

 

I only believe what Cramer tells me to believe

 

Your dog avatar..."I saw what you did...."