The Pinheads At The New York Fed

 From the report:  "While overall credit profiles thus far remain resilient, the recent uptick in delinquencies in some households suggests that many communities or individuals are experiencing the economy differently. We are seeing a hint of the return of the delinquency and hardship patterns we saw prior to the pandemic. Despite that, many are experiencing a strong economy and robust consumer demand, but the impacts of inflation are apparent in high volumes of borrowing. We will monitor these areas going forward for evidence of growing stress due to inflation and higher borrowing costs."

                                               you're not broke - you're just experiencing the economy differently

"Experiencing the economy differently"...  you just have to laugh.  Yeah, I know that there are plenty of jobs out there for anyone who wants to work and that there is an abundance of cheap credit out there for anyone who wants to borrow but "experiencing the economy differently"???  Seriously?? Do any of these overpaid pinheads have any clue on how the majority of people living in this country actually go about their everyday lives??

These overpaid academics who pledge to "monitor these areas going forward for evidence of growing stress" are fucking laughable.  These are the types of people we used to describe in Mississippi as being "educated beyond their wisdom".  Just fucking incredible.

What I have to sometimes wonder is whether they are that fucking stupid or if they are that fucking evil because the "growing stress due to inflation and higher borrowing costs" is a direct result of their own fucking policies.  Far too often, the Fed kowtows to short sighted politicians and the constituents of those short sighted politicians.