Jun

15

nobody asked me, but: (1) the Fed and the boy who cried wolf bark bigger than bite. (2) so typical of an agrarian admin to go for price controls. see The speculator as hero and why Antwerp fell when specs stopped "drilling" and citizens stopped economizing consumption with high prices.

the 'chairman' back from Kinderland but still ignorant of economics says that "core inflation is a much better prediction of future inflation than headline inflation." what evidence is there that is true? why are energy and food transitory? are they more effected by policies? when were the studies updated? and what is the confidence that commodity and energy regress?

half of the monetary economists in the world are on the Fed's payroll, but I would be willing to provide an objective evaluation of the fed's view about core inflation being a better predictor.

S&P is a long way from 3801 yesterday at 3pm est. perhaps there was a leak of positive info that caused the 140-pt rise. that's 4% - are we not still in a bear market? perhaps suppress that.

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