Tag: Powell!
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Praying for Powell
Jerome Powell is the bravest man in the top layers of government. In 2022 he turned away from crime and began carefully restoring HONEST ECONOMICS and REAL BUSINESS. Clinton, Obama and Bush had replaced honesty with crime, giving free money to the stock criminals and charging zero interest for criminal activities. When Powell went straight,…
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Populism for others
Trump is doing good POPULIST things for other countries, but so far not doing anything new for this country. He forced Canada and Mexico to become populist, to start serving their OWN interests instead of serving Bezos and Fink. Both countries are abandoning the Gaian demonic religion in order to give JOBS and PROFITS to…
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Powell holds the line.
Powell is holding steady to support HONEST business and REAL economics. He’s clearly sending a message to Trump and Elon that he won’t back down to satisfy Elon’s endless universe-consuming greed. Trump is NYC. Trump is Wall Street. Trump wants ZIRP and QE to return so his allies can finish bombing the country down to…
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Same reason as Quora
I enjoy reading Wolf Richter’s blog for the same reason I enjoy Quora: stories of real-life experience. Wolf’s articles have great graphs, but Wolf’s blind spots interfere with the enjoyment. Some of Wolf’s commenters tell experience-based stories about the subject at hand. Today’s article deals with the collapse of Starfuckitis or whatever it’s called, the…
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Checking an idea
For a long time I followed the standard economist line that price controls are always bad. I’ve applied this to interest rates, where it unquestionably works. But in some areas it’s clear that price controls are needed to block the destruction by Wall Street monsters. Henry Wallace made a strong case for price controls, perhaps…
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Reprint on black upperclass
Linked in previous item about the black upperclass, worth a reprint. This shows that the current trend in business and politics and “journalism” isn’t brand new. = = = = = START 2017 REPRINT: As US businesses continue to INTENTIONALLY REJECT HALF OF THEIR CUSTOMERS, it’s worth remembering a time when the trend was reversed.…
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It’s just Keynes.
Thomas Hoenig, the only central banker who STEADILY called for a return to real business and honest economics, has given a speech where he describes the problem and prescribes the solution. PRECISELY CORRECT ON BOTH ENDS. = = = = = START HOENIG: The question is, can we reverse these trends? Of course we can.…
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Billionaires = Criminals
Via the Verge, Elon had some “autonomous” robots serving drinks at the unveiling of his stupid Cbrtxi. The audience was impressed by the totally “autonomous” all-AI robots, but it turns out they were just radio-controlled by humans. If you tried this in a school science project, you’d be kicked out. If you were an unfashionable…
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Elon Kaiser
I’ve said this before, and it seems especially apt now. Elon is the modern version of Henry Kaiser. He develops all sorts of ideas and starts all sorts of companies, but the only successful ones depend on government contracts. When he tries to satisfy a broad range of customers, he fails. Twitter is part governmental,…
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Same rule
Note at substack: 4 years ago, I watched some conservative friends join the QAnon cult to find companionship and a community for their children. Today, I’m watching some liberal friends join the anti-Semite cult to find the same thing. Well, if companionship and respect were more available OUTSIDE of cults, cults wouldn’t flourish. Cults are…
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Profit leads to sanity
Via Variety, Scripps-Howard is laying off a large part of its “journalists”, along with everyone else in the deservedly dying “news” biz. = = = = = START QUOTE: “Amidst an already difficult linear television advertising marketplace, many brands and agencies have decided that advertising around national news is just too risky for them given…
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Real capitalism works.
While “journalism” and academia and politics continue to destroy their own credibility, big corporations are returning to grounded sanity FAST. Here’s a lengthy list of corporations that have abandoned the Gaian religion. It includes most sectors, from high tech to petroleum to clothing. Microsoft and Google, formerly leaders of the religion, have decided that profit…
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Trying to break Parkinson
FinRegRag describes a part of government with a real scientific attitude. = = = = = START QUOTE: This past Tuesday, the Brookings Institution hosted Fed Vice Chair of Supervision, Michael Barr, who spoke about progress on the US Basel III Endgame revisions, given that the last version faced much resistance within the Fed and…
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Still mostly valid
I’m totally disgusted but not surprised at the “anti-virus” activists who are now solidly inside the Trump cult. It’s not news that activist leaders are ALWAYS ALWAYS ALWAYS working for money and power and greed. BUT: Exerting power in the correct direction is possible. Here’s a piece I wrote in July 2020, at the heart…
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Frightening?????
Jesus, what’s wrong with these people? They discuss a drop in the totally fictional “value” of the stock market like it’s the end of the world. They call it “frightening”. They say this REQUIRES Powell to give up his disastrous catastrophic REAL ECONOMY and return to the wonderful heavenly Bush/Trump plutonomy where Larry Fink gets…
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