Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Recent Entries
Wednesday Overnight Open Thread - December 4, 2024 [TRex]
Horse Sense Cafe Quick Hits Leftwing Media "Experts" Spin Hunter Biden's Pardon By Inventing Previous Pardons That Never Happened Assassin Guns Down the CEO of UnitedHealthcare in the Middle of the Street in Alvin Bragg's Sanctuary City for Killers, NYC Supreme Court Hears Arguments on Tennessee's Anti-Transgender-Surgery-for-Children Law; Unqualified DEI Incompetents Ketanji Brown Jackson and Sonia Sotomayor Shine In Their Stupidity Dank Brandon's Bewildered African Adventure White House Once Again Turned Into Eyebleeding Gay Meth-Hallucination Nightmare by White Trash Delaware Hillbilly Biden Clan Judge Orders Fani Willis to Disclose All Correspondence with the January 6th Committee Wednesday Morning Rant Absent Friends
Bandersnatch 2024
GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
|
« "True Conservative" Lincoln Project: We're All-In For "Fundraising" For Abortion-Without-Limits Tim Ryan |
Main
| LOL: White House Correspondents' Dinner Is Now Officially a Super-Spreader Event »
May 05, 2022
Dow Down Over 1,200 Points as Investors Brace for Long Hard Slog Of Interest Rate Hikes to Tame Brandon's Inflationary DisasterYesterday, the Fed raised interest rates 0.5% to reduce inflation. The idea is to make it more dear to borrow money, which in turn will reduce the amount of money flowing out of central banks into the economy, which will then reduce the total amount of money in circulation, which will slightly offset the trillions of excess dollar bills Brandon has poured into the economy, and reduce the rate of increasingly inflation. Not actually reduce inflation-- this isn't enough of an increase for that -- but slow the climb. Hopefully. The markets soared almost 1000 points less because investors believed this would stanch inflation than because 1, they expected Powell to do this, and the market always likes it when they guess right, because it means that they "understand" what's going on which makes them feel confident and makes them think they're smart, and 2, they thought that maybe Powell would be satisfied that he'd done enough and would not continue raising rates further. But now they've had a day to think this over and they've realized "Boy, what stupid dicks we were to think that anyone, even Powell, would think that a half-a-point rise would be enough to clean up Brandon's inflation." So now stocks are way down in anticipation of further rate hikes. The Dow Jones Industrial Average soared 932.27 points and the S&P 500 gained 2.99%, which were the largest gains for the two indices since 2000. Even the beaten-up Nasdaq Composite popped 3.19%. Really? Do you think? It's extremely worrying that people who are in positions of great financial power, and are supposedly very smart, thought that this 0.5% rate hike would be enough to take care of the highest inflation in forty years. Our "elites" really are shit, aren't they? Oh boy oh boy, we have to stop these dangerous "populists" and their dangerous ideas about not obeying the "elite wisdom" any longer... ... So here's the reality: It's not going to be single 0.5% basis hike that does the trick. It's going to take a sustained series of 0.5% hikes, and maybe even a full 1.0% hike if inflation won't stop. And this is going to go on for a year or two. A year or two of constantly tightening up the money supply and therefore tamping down economic activity. This is going to be grueling. Grueling, miserable, sad, dispiriting, heartbreaking, immiserating, depressing, and, seemingly, never-ending. And they're going to have to raise interest rates so high they're probably -- almost certainly -- going to crash the economy into deep recession. And the inflation is such a threat that "deep recession" is now an acceptable alternative to very high inflation which would wipe out retirees' savings. That's where Brandon has brought us. This moderate, sensible man vouched for by NeverTrump who would bring about a Return to Normalcy. Via CNBC: The Federal Reserve is expected to hike interest rates and cut its balance sheet aggressively over the next 16 months, according the May CNBC Fed Survey, and most respondents believe the process will end in a recession... They predict the recession won't come until August 2023.... which is strange, because we just had a negative quarter in first quarter 2022 and it seems likely we'll have another in the second quarter. We'll see what fresh horrors Brandon and his crack team of sociopathic narcissistic hyperincompetents have in store for us. | Recent Comments
Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]:
"Twasn't me that now has an appointment with the ba ..."
Braenyard - some absent friends are more equal than others: "His daddy was a pistol and he was a son of a gun. ..." Tonypete: "[/i] Good evening Italicans! ..." Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]: "Argggh! [/i] ..." Pug Mahon, Pledge in a Beanie: "The chill I just felt was knowing that I am LAST! ..." Commissar Hrothgar (hOUT3) ~ Next year in Corsicana - again! ~ [/i][/b][/u][/s]: "Nice one TRex! ..." AlaBAMA DeButts: "Italican noods ..." JohnFNotKerry: "italics ..." mindful webworker - so they say: "Overnight thread, overnight thread Pops up when I ..." AlaBAMA DeButts: "Egads! Italicans! ..." JohnFNotKerry: "wow 5th ..." Pug Mahon, Pledge in a Beanie: " Doof! Howdy, amigo. Posted by: Notorious BFD at ..." Recent Entries
Wednesday Overnight Open Thread - December 4, 2024 [TRex]
Horse Sense Cafe Quick Hits Leftwing Media "Experts" Spin Hunter Biden's Pardon By Inventing Previous Pardons That Never Happened Assassin Guns Down the CEO of UnitedHealthcare in the Middle of the Street in Alvin Bragg's Sanctuary City for Killers, NYC Supreme Court Hears Arguments on Tennessee's Anti-Transgender-Surgery-for-Children Law; Unqualified DEI Incompetents Ketanji Brown Jackson and Sonia Sotomayor Shine In Their Stupidity Dank Brandon's Bewildered African Adventure White House Once Again Turned Into Eyebleeding Gay Meth-Hallucination Nightmare by White Trash Delaware Hillbilly Biden Clan Judge Orders Fani Willis to Disclose All Correspondence with the January 6th Committee Wednesday Morning Rant Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |