• Fed still saying inflation is transitory

    ... despite, many say, many indicators like rising house prices, rents, wages.

    "Yes, you need to fight the Fed," Komal Sri Kumar said this week, which is the opposite of what most stock investors say and have been saying since the Pandemic. "Because the Fed cannot win at all times.

    "We have had times in history when the Fed goes to extremes, it doesn't anticipate what is going to happen, and then the whole thing fails.

    "One example was effort to keep interest rates, bond yields under control during the 1940s, early 50s, and it just collapsed.

    "2008, Fed did not foresee the crisis."

    Many countries have been hiking rates but not in the developed world.

     
  • "New greed is actually insecurity and envy - Josh Brown

    "... very distinct to this moment."

    "Different kinds of greed"

    "Just watching 22 year olds, who don't know anything, become billionaires overnight. That's killing people, from a sentiment standpoint."

    "Middle-aged people who are watching this circus going on outside their window, and I think it's making them almost consider buying weapons."

    "I think that colors a lot of the market commentary, and now everything 'is a bubble.'"

    "People looking at their portfolio, taking huge bets."

    "It's 'Where do I stand?'"

     
  • US, UK, Aus form new military pact

    Basically in preparation for a possible war with China, and we might suppose the MIC.

    There has been 'increased tension' between Aus and China recently.

    France quite upset and vocal about being left out. China made the usual critical statements.

    Aus will get a nuclear capable submarine fleet with US/UK tech.

    NATO is maybe not as popular an idea as it once was (if ever), with members making further pacts among themselves and competing in military business matters.

     

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