THE 20+ YEAR EMERGENCY DECLARATION THAT DRIVES THE DEMOCRAT POWER GRAB
IS FIRST PREMIER BANK A LEGAL LOAN SHARK?

FEDWATCHER

All things considered, I would posit that the Federal Reserve will hike rates by 100 to 125 basis points and, if they were serious, by 150 basis points.

The current Federal Funds Rate is 233 basis points, and the potential target will likely be between 450 and 550 basis points before year-end.

As with all things Fed, the market has taken their probabilistic projections and priced them into their offerings.

Fedwatch-21

Bottom line…

This is a reminder that we have a supply-side problem, not a demand-side one, exacerbated by wasteful government spending, causing stagflation. We need to ramp up production, not curtail consumption -- assuming our logistics chain will support greater economic activity.

The Wall Street Wizards will continue to create their own narratives to generate profitable volatility.

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS

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