“The word ‘transitory’ has different meanings to different people,”. The Fed is likely accelerating tapering after pumping the mkts for too long.

2021.12.01 04:18 Historical_Job_8609 “The word ‘transitory’ has different meanings to different people,”. The Fed is likely accelerating tapering after pumping the mkts for too long.

How is this not all over the newswires? The Federal Reserve has continued to pump money into a supply constrained economy. It's been in denial of inflation in the face of six months of US inflation at 5%+, still declaring it transitory as it hit 6%. Finally Powell has conceded inflation is in fact NOT transitory and now will be considering accelerating tapering.
We've been here before in 2018 when Powell & co. got inflation wrong trying to raise rates. Now after keeping the foot on the gas into the biggest asset inflation bubble in history, they are going to abruptly pull the very thing that has driven the asset bubble and indeed inflation - they fail to see their own hand in inflation. Amongst Friedman's basic teachings is monetary lag for crying out loud.
The Fed has forced itself into a rock and a hard place and by prolonging unprecedented bond buying, is now forced to quickly withdraw the very support that pushed assets to new highs. Bond and share prices are apt to quickly fall.
https://www.bloomberg.com/news/articles/2021-11-30/powell-ditches-transitory-inflation-tag-paves-way-for-rate-hike
The Fed's mistake of pumping the markets for too long will be compounded by their urgency to now undo the effects. They will no doubt quickly have to back off again if the mkt tanks.
The Federal Reserve mandate is to "promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates". Essentially there to temper exuberance, restore liquidity and calm panic in the capital mkts at its extremes with intervention. I'd argue they are doing exactly the opposite. They've created a bubble in the last year and now are about to pull the rug from under the market.
Their quick action in 2020 was commendable. The continued buying of treasuries and MSB's in 2021 entirely unnecessary and now a cause of massive distortion and coming instability in the capital mkts with a prompt unwind, caused by delaying it.
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2021.12.01 04:18 Guilty_Care7854 Successfully beat nnn

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2021.12.01 04:18 trickmind Covid-19: New Zealand's vaccine roll-out in 12 charts as traffic light system looms

https://www.stuff.co.nz/national/explained/127154262/covid19-new-zealands-vaccine-rollout-in-12-charts-as-traffic-light-system-looms
Where do we stand on a global stage? submitted by trickmind to NewZealandPolitics [link] [comments]


2021.12.01 04:18 PIsdonthurtm 3rd blue tongue in the garden in the last 3 weeks, this is the least greatful yet, he bit and shat on me. He was still pretty cute though

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2021.12.01 04:18 LowDownSlim Ritchie Valens

Ritchie Valens submitted by LowDownSlim to OldSchoolCoolMusic [link] [comments]


2021.12.01 04:18 wavingcat1989 Black Caviar gives birth to a filly

Black Caviar gives birth to a filly submitted by wavingcat1989 to horseracing [link] [comments]


2021.12.01 04:18 AutoNewspaperAdmin [World] - Honduras to get first female president after ruling party concedes defeat | Guardian

[World] - Honduras to get first female president after ruling party concedes defeat | Guardian submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.12.01 04:18 vernorexia_ [REPLAY] KAI 카이 'Peaches' Countdown Live

[REPLAY] KAI 카이 'Peaches' Countdown Live submitted by vernorexia_ to exo [link] [comments]


2021.12.01 04:18 TheLittenLord Vazkii would be fuming, destroy the comments section if you want.


https://preview.redd.it/nemhnf6ktv281.png?width=1509&format=png&auto=webp&s=8b097380239f6d8a4fa6bfc2a26f697d7f5650c9
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2021.12.01 04:18 AutoNewspaperAdmin [World] - Solomon Islands unrest: New Zealand to send dozens of peacekeepers | Guardian

[World] - Solomon Islands unrest: New Zealand to send dozens of peacekeepers | Guardian submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.12.01 04:18 itsjonk Another day, another hodl.. :)

Another day, another hodl.. :) submitted by itsjonk to loopring [link] [comments]


2021.12.01 04:18 Full_Gap_5355 Heloo BSC

BSC 😂😂😂👌❤👌👬👌👬👌👬👌👬🍷❤🤫❤🤫
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2021.12.01 04:18 AutoNewspaperAdmin [World] - Even after 40 years the response to Aids in many countries is still held back by stigma | Hakima Himmich and Mike Podmore | Guardian

[World] - Even after 40 years the response to Aids in many countries is still held back by stigma | Hakima Himmich and Mike Podmore | Guardian submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.12.01 04:18 Francprole 1.18.1 CurseForge

The 0.0.6.1a update for blockfront always says "object reference not set to an instance of an object" and that might be because my Curseforge version of Minecraft isn't up to date on 1.18.1 forge however even though I have 1.18.1 forge it doesn't seem to apply to Curseforge. So what am I doing wrong?
submitted by Francprole to MinecraftMod [link] [comments]


2021.12.01 04:18 LineNoise ‘Utter exhaustion’: wellbeing of St Basil’s aged care residents so compromised one senior nurse refused to return

‘Utter exhaustion’: wellbeing of St Basil’s aged care residents so compromised one senior nurse refused to return submitted by LineNoise to CoronavirusDownunder [link] [comments]


2021.12.01 04:18 MoreTrenMoreMen Like fucking sick packaging dude 10/10

Like fucking sick packaging dude 10/10 submitted by MoreTrenMoreMen to moreplatesmoredates [link] [comments]


2021.12.01 04:18 Jayrock122 Fuck Market Watch

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2021.12.01 04:18 AusCOVID19 Covid news live: US to tighten testing requirements for all arriving travellers amid Omicron concerns

Covid news live: US to tighten testing requirements for all arriving travellers amid Omicron concerns submitted by AusCOVID19 to AusCOVID19 [link] [comments]


2021.12.01 04:18 AutoNewspaperAdmin [World] - Dunkirk’s camps – in pictures | Guardian

[World] - Dunkirk’s camps – in pictures | Guardian submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.12.01 04:18 KrimzonK Cards vs Tiles for game that requires a lot of turning over

I need to decide of a physical implementation of my game. I need something at least 2.5 inches wide in square shape. For the game they need to be easy to flip / turn over.
At the moment I'm deciding between cardboard tiles vs cards vs wooden tiles
Which would be easiest to flip
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2021.12.01 04:18 -The_Grim_Reaper Oh mah gawid: He on X-Games mode

submitted by -The_Grim_Reaper to teenagersbutpog [link] [comments]


2021.12.01 04:18 RawDick Web3 domains

Will there be any value in web3 decentralised domains anytime soon? I have one for a cryptocurrency trading, education, mining and investment website who owns the .com for web2.
Should I approach them about it or should I wait until mass adoption is picked up for web3 domains?
For example, their domain is cryptoweb.com, I have cryptoweb.x. Of course, the name itself is just a placeholder.
submitted by RawDick to Domains [link] [comments]


2021.12.01 04:18 AutoNewspaperAdmin [Travel] - Seeking solace in the hills: why the Malverns are perfect for walking | Guardian

[Travel] - Seeking solace in the hills: why the Malverns are perfect for walking | Guardian submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2021.12.01 04:18 Sea_Instance346 Drinking more water so I can eat more salt?

If I were to drink twice the recommended amount of water, 16 cups instead of 8, could I eat twice the salt, 4600 mg instead of 2300 mg without any added health risks? Wouldn't the excess salt just get peed out?
submitted by Sea_Instance346 to HealthyFood [link] [comments]


2021.12.01 04:18 mylifesokay Questions about International house

Hey Everyone im a new graduate student from Canada looking to stay at the IH accommodation. I was wondering if anyone has stayed there or is thinking of staying there and has knowledge of what the graduate residences are like. I tried to search on the reddit and online but couldn't find any recent reviews.

I was wondering if anyone has any insight on the:
Quality of food provided
What the internet is like ( is there a cap or is it unlimited, what are speeds like?)
What is the culture/events like
How are the grad rooms/is it worth the money

If anyone could provide details I would really appreciate it! Also if you are planning on staying there LMK!

Thanks :)
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