Whenever you find yourself on the side of the majority, it is time to pause and reflect. Mark Twain

 “The Fed will have to move quickly to address this situation or risk losing credibility on its inflation target,” - James Bullard, Federal Reserve

Bullard has warned for months that inflation was rising dangerously fast and that the Fed had to take action.

“We’re at more risk now than we’ve been in a generation that this could get out of control,” he said last month, even implying there was too much groupthink at the Fed.

For the record, I hate groupthink.  People within a group suppress their thoughts or feelings on a subject because they fear being left "out of the group" and go along with a bullshit notion of belonging.  To which I say, "Grow the fuck up.  If you want a fucking friend, go get a dog.  If you want to join a clique of ass hats, go back to fucking high school."

Groupthink on parade

Powell's Federal Reserve - Lots of Talk and No Meaningful Action

 

I suspect that at least some of you ladies reading this bullshit have been there.  You meet Don Juan who talks a great game.  You're both laughing it up and you go back to his place with the promise of 90 minutes of non-stop, mind blowing fucking using positions you've not seen since you read the Kama Sutra during your freshman year of college.  And then, approximately 80 seconds into missionary, the fucker busts his nut and can't get it back up again.

Bullard was the only Fed Governor with any balls who dissented and wanted a 50 basis point increase in the overnight rate.

Quarter Point Increase - Yeah, That Should Prove Effective

 

8% inflation rate.  Soaring PPI.  One quarter increase.  By that logic, you might as well attack the next California fire season equipped with water pistols and super soakers.

NATO Pulls Its Head From Its Ass.....Finally

"However, the NATO allies were shy about clarifying their stance on letting Ukraine join NATO, though it was clearly not on their agenda before Putin ordered the invasion of Ukraine. As the war intensified and caused millions of people to flee Ukraine, some NATO leaders started to admit that Ukraine’s membership is not on the agenda and voice objection to membership for the former Soviet Union country openly.

German Chancellor Olaf Scholz said on March 4 that Ukraine’s NATO membership “will not take place.”

“I also made it clear in Moscow and in my visit that this option [Ukraine’s membership of NATO] is not on the table and will not take place,” he said during an interview with German public broadcaster ZDF."  

-- They are clearly back peddling but let's just hope it is not too late.  Russia was never going to allow NATO in their own back yard.  Our genius leadership here in the West should have recognized that from the get go but then again, these idiots thought that inflation was going to be transitory and that Kamala "rhymes with Pamela" Harris was a terrific choice for Vice President.

Now, let's see if the warmongering jackasses here in the U.S. and U.K. will get the message.

I Think About You Guys Every Day

 

Instructions: Spread Ass Cheeks and Remove Your Head

 

Dear America,

If you would ever learn to pull your head out of your own ass and vote for candidates like Ron Paul, you would not have to endure things like rampant inflation, taxes up the ass and playing world cop and sleepwalking your way into bankruptcy and WWIII with a country armed with nukes.  

And, if you are incapable of pulling your head out of your ass, then just do everyone a favor (including yourself) and just abstain from voting.  If you are just so fucking stupid that you believe that you can get something for nothing and that every problem in your life is the fault of someone else and thereby the government's responsibility to fix, just do everyone a favor and sit down and shut the fuck up.  

February's inflation number just came out and is at 7.90%.  That is the highest in 40 years and we are on our way to further provoking Russia into a conflict that might be something worse than just the dick weed proxy wars that our wonderful alphabet agencies have served up in the past.

Wake up or continue sleepwalking into disaster.

Hugs and kisses,

Uncle Kenny

Powell's Choice

 

Powell has a difficult choice ahead.  He can accept the obvious runaway inflation and dismiss it as “transitory” or he can grow a pair of balls and call bullshit on “the everything bubble”.  It is as plain as the nose on your face – the everything bubble exists but many people do not want to acknowledge it because they enjoy believing in the fairy tale that their houses magically increase in value by 25% in a year and that they are stock picking Mensa members and that Tesla is somehow truly more valuable than the rest of the automobile industry combined.  It’s bullshit.  I know it.  The Fed knows it.  It’s a cheap credit mania chasing all assets.  By returning the cost of overnight credit to something more normal than 0% means destroying the myth and disappointing a lot of baby boomers who hoped to retire soon on their newly minted Covid-19 riches but the value of the currency is quickly going into the toilet.  The Fed knows it and the only way to correct it is by pulling a Paul Volcker move and returning some sanity and discipline to the credit markets.  If you’ve been spanked recently by the stock market, you ain’t seen nothing yet if the Fed takes its responsibilities seriously on March 15 – 16.  The Fed can pussy out and be the “this is fine dog” or it can be Moses returning from the mountain with the 10 Commandments in hand and sparking fear and shame into the hearts of the sinful Israelites who have been partying like it was 1999 in his absence.  Take your pick Mr. Powell.  Either way, old Uncle Kenny has covered his ass and will make out just fine no matter which way the wind blows.