Prepare yourselves for the largest rate hike you’ve ever seen. This 1.0% growth might just force the Fed to enact an emergency rate hike of 100bps to get this fucking tiger of an inflation rate under control.
Thus far, efforts by the American central bank to reign in this Zimbabwe like inflation has been futile.
SPY futures have leapt forward from +9 to +14.
Steve Liesman doesn’t think the Fed moves until James Bullard says so. Who’s the fucking Fed chief, Bullard or Yellen?
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Bring back Paul Volcker.
He needs to crush the raging growth and inflation.
Wage and price controls ala Tricky Dick Nixon would also help.
They’ll change the dot plot to four 100 bps rate hikes this year, destroying all who elected variable rates on student loans!
What in the actual fuck are these catamites smoking? Send Liesman to the gimp box and have the town bring the ancient wooden device to the square.
You know what my favorite Bullard quote is?
“If you’ve followed my forecasts, you’ve probably lost a lot of money.”
Asshats.