Kfc used to have some amazing gravy that could salvage cold fries. Their new gravy sucks balls so they gotta be hot and fresh imo.This quote is hidden because you are ignoring this member. Show Quote
Kfc used to have some amazing gravy that could salvage cold fries. Their new gravy sucks balls so they gotta be hot and fresh imo.This quote is hidden because you are ignoring this member. Show Quote
wtf they changed their gravy. fuck life.
Or… BoC overnight rate and the 1/5yr bond yields are similarThis quote is hidden because you are ignoring this member. Show Quote
Excuse me sir, this is the french fry thread.This quote is hidden because you are ignoring this member. Show Quote
The most fascinating thing about this past year is that it's the most rapid rise we have seen in interest rates in less than 1 year since we've had a central bank. Rates have gone up by a multiple of 13 times in 7 months from 0.25% to 3.25%. The worst we have seen in the past is about a quadrupling in approximately a year in 2010 after the economic crisis from 0.25 to 1%. Before that it was a doubling in the from 79 to 81.This quote is hidden because you are ignoring this member. Show Quote
What happened in each of these past cases is an approximate decline in rates at the same rate in which they increased. I understand that double of the rates that existed in the 70's and 80's is quite different because we are comparing above 10% then to below 1% now, but the affect is the same in terms of increasing costs on the public.
While increases were expected, I don't think they were expected at this pace. I wonder if the assumptions are true, that they will decline as quickly as they climbed? They aren't going back below 1% I wouldn't think though.
I still believe that sometime in the next year that inflation target will get adjusted upward so that they can modulate the rate increases they are doing right now.
Inflation is sticky.
Historically speaking it's not super sticky. We've seen these types of rises and falls before.This quote is hidden because you are ignoring this member. Show Quote
I guess we also haven't seen this much money injected into the economy before either.
I always thought it was the location by us that watered down the gravy or something. Sucks they changed itThis quote is hidden because you are ignoring this member. Show Quote
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Seemed like the same gravy when I slummed it with KFC a week ago.This quote is hidden because you are ignoring this member. Show Quote
The older I get and the more history I have in the Financial Services (tm) industry, the more I think that central bankers are ritards.This quote is hidden because you are ignoring this member. Show Quote
They're also becoming more ritarded at the same time.
Aren’t they mutually exclusive?This quote is hidden because you are ignoring this member. Show Quote
Potato, poh-tah-toe
"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."
-H.P. Lovecraft
The BoC is often wrong. They tend to be too hawkish when raising rates. Then again they're too dovish when times are good.This quote is hidden because you are ignoring this member. Show Quote
Probably budget cuts causing reduction in duck fat in itThis quote is hidden because you are ignoring this member. Show Quote
Updated: March 10, 2022
My list of random For Sale (some free) stuff
They just don't know what the fuck they are doing in general.This quote is hidden because you are ignoring this member. Show Quote
David Dodge was the last decent one. At least he realized that inflation was a killer. He was still too hawkish though.This quote is hidden because you are ignoring this member. Show Quote
Is it that? Or is it that they take direction from the government for the most part(who we all know is actually full of retards), and then BoC/Fed step in hard to save the plane from it's death spiral before it crashes and burns?This quote is hidden because you are ignoring this member. Show Quote
Meanwhile these central planners all profit from massive corruption at the expense of us plebs whether things are going great or terrible.
Once you realize they don't actually have any desire to make things good for the middle class, it all starts to make more sense.
Yes, MMT is just an excuse to officially comingle executive powers with central bank powers.This quote is hidden because you are ignoring this member. Show Quote
Govt is the swiftest way for people to enrich themselves...and has always been used to rent seek.
This is why anyone with half a brain comes to the conclusion that small-state libertarianism is the only thing that approaches fairness. (Capitalism's foibles pale in comparison to govt enabled rent seeking).
I don't think anybody wants to deliberately send an economy into a recession as it pretty well guarantees an election loss.
Can you help them understandThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
They don't know they're ritardedThis quote is hidden because you are ignoring this member. Show Quote