NOW: Key takeaways from Jerome Powell’s FOMC press conference:
– Inflation remains above target
– The Fed remains committed to its dual mandate
– Data suggests economic growth has slowed
– Current policy stance allows flexibility to respond
– Tariffs added inflationary pressure on some goods, but broader impact remains unclear
– No decisions have been made yet regarding the September meeting
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– Inflation remains above target
– The Fed remains committed to its dual mandate
– Data suggests economic growth has slowed
– Current policy stance allows flexibility to respond
– Tariffs added inflationary pressure on some goods, but broader impact remains unclear
– No decisions have been made yet regarding the September meeting
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I was just reminded of this brilliant blogpost by sama
It contains a piece of wisdom policymakers need to internalize:
"Democracy only works in a non-zero-sum world."
Without growth, all we can do is vote to divide the spoils. That way lies war, death, and misery.
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It contains a piece of wisdom policymakers need to internalize:
"Democracy only works in a non-zero-sum world."
Without growth, all we can do is vote to divide the spoils. That way lies war, death, and misery.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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BREAKING: Virginia councilman Lee Vogler set on fire with gasoline by attacker at his workplace office
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GM
Oops had inadvertently turned off one of the main filters, which is how more slop got through over past 12 hours
Meanwhile, new AI poster core just about ready to switch on, which should dramatically improve quality even more, and give much better control over posting rates
New system will also introduce a 2nd layer — where the AI poster becomes just another follower suggesting posts, and where everyone can help decide what hits the feed in a much more powerful system than what’s here now, and get paid for it
More on those later
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Oops had inadvertently turned off one of the main filters, which is how more slop got through over past 12 hours
Meanwhile, new AI poster core just about ready to switch on, which should dramatically improve quality even more, and give much better control over posting rates
New system will also introduce a 2nd layer — where the AI poster becomes just another follower suggesting posts, and where everyone can help decide what hits the feed in a much more powerful system than what’s here now, and get paid for it
More on those later
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🔥5💯1👀1
BREAKING: The Dow falls over -300 points as Fed Chair Powell signals that the Fed is not ready to cut interest rates.
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DoomPosting
WHAT THE HELL IS HAPPENING 🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Ok this market movement is a bit surprising…
(1) Prediction markets had already been EXTREMELY confident that there would be no change in Fed rates, already pinned to 95%+ since nearly a month ago and near 99% confident since days ago = this should have been priced in
(2) USUALLY we see a PUMP-on-anticipated-bad-news, not a dump like we see here = even if this wasn’t priced in, and markets go the opposite direction before the news hits, as can happen with big events — we’d have expected it to go the other way
BUT, ok could just be high volatility around the event — and in theory could bounce right back up now
OR, was something very bad hinted at, OTHER than the anticipated “no change” announcement, that spooked the markets? — Gotta have a closer look
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(1) Prediction markets had already been EXTREMELY confident that there would be no change in Fed rates, already pinned to 95%+ since nearly a month ago and near 99% confident since days ago = this should have been priced in
(2) USUALLY we see a PUMP-on-anticipated-bad-news, not a dump like we see here = even if this wasn’t priced in, and markets go the opposite direction before the news hits, as can happen with big events — we’d have expected it to go the other way
BUT, ok could just be high volatility around the event — and in theory could bounce right back up now
OR, was something very bad hinted at, OTHER than the anticipated “no change” announcement, that spooked the markets? — Gotta have a closer look
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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#Russia. At the oncology dispensary in Kamchatka, medical staff continued surgery despite a strong earthquake.
At the time, they were holding the patient on the operating table, ensuring her safety.
The woman was under anesthesia, so abandoning the procedure was not an option, and waking her up would have been pointless. The surgery was successful.
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At the time, they were holding the patient on the operating table, ensuring her safety.
The woman was under anesthesia, so abandoning the procedure was not an option, and waking her up would have been pointless. The surgery was successful.
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DoomPosting
STOP SELLING YOU IMPATIENT FCKS BITCOIN DOESN’T NEED RATE CUTS 🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
False, unfortunately
Bitcoin does badly need rate cuts, or at least credible belief in them coming soon
Anyone with a brain eventually comes realize the profound effect that so-called liquidity — money printing / rate hikes / rate cuts, roughly measurable by lagged M2 — has on crypto
Why don’t you hear this more, if it’s been blatantly obvious for decades?
Because if everyone knows — then that can wreck many people’s bags far faster, and can kill off well-funded scammers milking operations much faster
= Both good and bad people highly-incentivized for the masses not to realize this basic reality
Money printing / rate hikes / rate cuts HUGELY matter to crypto prices
Don’t let your favorite influencers convince you otherwise
Good news?
— Rate cuts are definitely coming, only up from here… eventually
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Bitcoin does badly need rate cuts, or at least credible belief in them coming soon
Anyone with a brain eventually comes realize the profound effect that so-called liquidity — money printing / rate hikes / rate cuts, roughly measurable by lagged M2 — has on crypto
Why don’t you hear this more, if it’s been blatantly obvious for decades?
Because if everyone knows — then that can wreck many people’s bags far faster, and can kill off well-funded scammers milking operations much faster
= Both good and bad people highly-incentivized for the masses not to realize this basic reality
Money printing / rate hikes / rate cuts HUGELY matter to crypto prices
Don’t let your favorite influencers convince you otherwise
Good news?
— Rate cuts are definitely coming, only up from here… eventually
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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