My Own Private "Juneteenth" Celebration

 "Juneteenth".  Only in these modern day Great United States of America could such a stupid name be given to a national holiday.  Dumb.  Just fucking dumb.  Right up there with "Kwanza".  But then again, we have some voting "citizens" who believe that Wakanda is a real place in Africa.

My own private Juneteenth celebration is coming up.  That is the Federal Reserve's meeting that begins on June 14 and concludes on June 15.  The long anticipated quantitative tightening (QT) will then begin.  Oh how I have waited for and anticipated this meeting.  

Now that inflation has kicked into high gear, the Fed finally has run out of road to kick the can down.  It's put up or shut up.  Shit or get off of the pot.  Some youngsters in the markets are betting that the Fed will back off when the stock market tanks because heretofore, that's exactly what the Fed has done.  The Fed has always ridden to the rescue to a crying and whining Wall Street whenever rising interest rates have interfered with their party.  That was then.  This is now.  

Not in recent memory has the Fed faced the inflationary pressure it faces today.  Even dumbass Janet Yellen is doing a half assed mea culpa these days.  She is a fat, stupid bitch with a bad haircut.  It is either ride to the rescue and go "full Zimbabwe" or protect the currency.  You can't have both.  My thought is that the Fed is going to protect the last shreds of credibility that it has and protect the currency.  In the process, more than a few people who should have been thrown under the bus decades ago are going to finally be thrown under the bus.  Not because the Fed wants to - it will do it only because it has to.