How long before the auto industry and airline industry get in line for more government handouts? Maybe they wait for the recession to hit first? It seems like it is about time the taxpayers hand more money over to them, as well.
Bitcoin & Bullion Surge After Fed Bailout, Rate-Hike Odds Plummet https://www.zerohedge.com/markets/bitcoin-bullion-surge-after-fed-bailout-rate-hike-odds-plummet
S&P and NASDAQ futures now up 1%+. Crazy times.
Don't forget that Janet was very busy doing all of her highly-paid speaking engagements for the banking industry. $ millions per year if I recall correctly. Probably didn't have time to do her day job.
He may keep hiking - hasn't he pretty much acknowledged there could be collateral damage along the way while trying to reduce inflation?
It's a recurring one-time thing. This is the only time we'll do it (until next time).
Big moment for J Powell, Yellen and others here. Data and Powell's comments last week suggest more rate hikes are coming, yet things are starting to break. Does Powell have the conviction to see this through until inflation comes down or will he flinch and leave inflation high in order to prevent more failures?
GM plebs. Get some popcorn and get ready for the fiat system circus tomorrow!
Thanks. Just set up Nostr and a relay today. Still figuring it all out. Using amethyst on Calyx OS phone (will check out iris) and snort on PC.
Opinions on best client for android device?
What Comes After The Great Liquidation? https://www.zerohedge.com/markets/what-comes-after-great-liquidation
Eating bugs?
Sadly, not surprising. Likely see many similarities to 2008 behaviors.