Looking more and more likely that we won’t be getting near the cuts we thought if any at this point. 🙃
53 sats \ 10 replies \ @siggy47 10 Apr
I have my popcorn out watching it live. I love some of the quotes. "There are still a few embers of inflation here and there. " Hah!
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85 sats \ 3 replies \ @kepford 10 Apr
Do words even have meaning any more? We really live in a post truth world. Trumps a liar... OK. Our whole system is based on lies told by liars being believed by people lying to themselves.
Doomed to fail.
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33 sats \ 2 replies \ @Cje95 OP 10 Apr
Little confused with where the Trump part comes into play here you help me out. I wouldn't say that everything is built on lies though I would say it was and is built upon people seeing things and presenting them in their way for the most part. They hit on what is important to them and sidestep stuff that is against them. Yeah some of them outright lie but for most, I would say they look at the numbers find the good or not as bad part, and spin them up.
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0 sats \ 1 reply \ @kepford 10 Apr
Trump doesn't but the narrative is "Trump is a liar" and the truth is there are piles of lies on lies. Nothing more. Trump was on my mind lol
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43 sats \ 0 replies \ @Cje95 OP 10 Apr
Ahhh okay! Makes sense I was just super confused lol!
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75 sats \ 0 replies \ @Bell_curve 11 Apr
Why is Biden making predictions about interest rate cuts?
I thought the Fed Reserve was independent
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75 sats \ 0 replies \ @Bell_curve 10 Apr
Transitory embers
Powell wants to lower rates so badly
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75 sats \ 1 reply \ @oliverweiss 10 Apr
I have only one question: is your popcorn more expensive than it was a year ago?
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10 sats \ 0 replies \ @siggy47 10 Apr
Damn right it is!
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75 sats \ 1 reply \ @Cje95 OP 10 Apr
The way some of them try to spin the numbers is wild to me!
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0 sats \ 0 replies \ @Bell_curve 11 Apr
https://www.texastribune.org/2024/04/09/texas-harris-county-guaranteed-income/
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60 sats \ 8 replies \ @siggy47 10 Apr
One guy from the Heritage Foundation, I think, actually told the truth on tv-the value of the dollar is deteriorating. They just move to the next talking head.
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135 sats \ 7 replies \ @Cje95 OP 10 Apr
Heritage is a very interesting place some people who work there super normal then you have some absolute loons that are good comedic relief!
I couple months ago the dropped a report on the DOE and in it included some bizarre stuff like privatizing our National Labs and just straight up firing 10s of thousands of people. They were wanting to gut the workforce that maintains our nukes and all sorts of stuff. We can def cut back on spending but ya know the guy who has trained and his whole job is to make sure the nuclear bomb is in good shape and will work when needed to… yeah I want him to keep his job! 😂
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0 sats \ 6 replies \ @siggy47 10 Apr
I don't know much about the org beyond knowing they are considered politically conservative.
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108 sats \ 1 reply \ @Bell_curve 10 Apr
They peaked during the Reagan years. They rediscovered some relevance during George W Bush years. Their influence is waning. You can see it by the declining number of donors.
Heritage is part of Conservative Inc
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10 sats \ 0 replies \ @Cje95 OP 10 Apr
Yeah under Trump they got a little boost and if anything when Trump lost reelection some of the crazier people went to Heritage which has resulted in some MAGA, not all of them but some, pay attention to them again.
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85 sats \ 2 replies \ @kepford 10 Apr
In the Rothbard circles of libertarians they are considered to be pretty milk toast at best. They do some good work but calling them conservative these days is about as useless as that term is. What does it even mean any more?
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52 sats \ 1 reply \ @kepford 10 Apr
The craziest thing to me still is that "conservatives" support Trump, a democrat. That shows us how much has shifted. Trump is a loud mouthed democrat really but everything has shifted so much that he appeals to republicans. Which I explain by the simple fact that he has the balls to fight back and doesn't care what people say about him. I get it. I see why they support him and more importantly why they don't get excited about the typical republican.
That's enough of this partisan nonsense though.
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33 sats \ 0 replies \ @Cje95 OP 10 Apr
Oh yeah I get a kick out of people calling him conservative because fiscally he is not and I guess maybe and its a stretch maybe socially he is a little bit but yeah the guy spends money is isolationist if anything.
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10 sats \ 0 replies \ @Cje95 OP 10 Apr
There also has been a change from instead of one large institution like Heritage speaking different groups specialize in certain sectors and they have gained prominence. ClearPath for the environment and energy sector has become a HUGE thing but they were unheard of 10 years ago.
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10 sats \ 3 replies \ @Undisciplined 10 Apr
Are you hearing any talk about raising the inflation target to 3%?
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270 sats \ 2 replies \ @Cje95 OP 10 Apr
Right now on the hill its kinda hard to describe because its yes and no across party lines. The biggest talking point that you hear is how 2% is just not going to happen this year and to think so is nuts. I feel like people are concerned that if they go to 3% that they wont be able to slow it down further. Forward-looking I think 2% is possible in a couple of years but right now this year I think people would be thrilled for it to hit 3% and stay there
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20 sats \ 1 reply \ @Undisciplined 10 Apr
It sounds like the de facto target is 3%, then.
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60 sats \ 0 replies \ @Cje95 OP 10 Apr
I'd say its the unspoken assumption. No one will go on record though and say it and I doubt Powell will move to that either.
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10 sats \ 0 replies \ @IamSINGLE 10 Apr
No, we are getting closer to a bounce. May be closer to a burst of the whole feudalism.
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10 sats \ 1 reply \ @kr 10 Apr
agree, wouldn’t be surprised to see only one rate cut this year
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10 sats \ 0 replies \ @Cje95 OP 10 Apr
Remember when we were going to have 5?! Then they changed that to 3?! Can't wait to see the freak out when they announce there will only be one.
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0 sats \ 0 replies \ @Coinsreporter 11 Apr
We are not going anywhere if this goes on. They say they are taking strong measures to calm down and Debt hits an ATH. They say it's just not boiling enough, the unemployment is at ATH.
What they actually say, it seems they mean the exact opposite.
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0 sats \ 0 replies \ @pj 11 Apr
So is this soft landing like where the landing gear won’t come down so “glide” onto a nice green pasture…. Then a wing gets stuck in the ground plane rolls and there’s a beautiful fireball.
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0 sats \ 0 replies \ @shyfire 10 Apr
deleted by author
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0 sats \ 2 replies \ @Coinsreporter 10 Apr
Let them do what they want. We're bitcoiners, we don't care about the fiat shit being loose or tight.
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1 sat \ 1 reply \ @Cje95 OP 10 Apr
I only care about the fiat so that I can buy more BTC lol
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0 sats \ 0 replies \ @Coinsreporter 10 Apr
That's cool and who doesn't do that ?
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0 sats \ 4 replies \ @Satosora 10 Apr
Ouch, everyone is going to feel it.
I did feel that the price of gas rose quite a bit lately, or maybe fiat is becoming more worthless?
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10 sats \ 3 replies \ @Cje95 OP 10 Apr
Gas is up because Russia had to stop exporting for at least 6 months due to their refineries blowing up 😅 Iran also had a huge pipeline blow and the Houthi’s are ya know just causing more chaos so Brent has gone up to I think $90
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0 sats \ 2 replies \ @Satosora 10 Apr
lol
Do you know how much oil they have in storage?
They are just creating this squeeze on purpose.
Using any excuse to make you feel better about buying it.
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10 sats \ 1 reply \ @Cje95 OP 10 Apr
The US? Cause actually yes however it is at its lowest level since we began filling it. The US does swaps with companies so that the crude doesn't go "bad" but those have started to have issues because of the price. The Department of Energy (DOE) announced and then canceled the latest cude resupply because the price went up above $75 level. Not sure how they are going to plan on refilling it more given the price is likely to be stuck in the $80-90 for the foreseeable future but this is actually something I monitor as part of my job lol
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0 sats \ 0 replies \ @Bell_curve 10 Apr
We will have zero strategic reserves by October
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