It's Powell and Company's Time of the Month

 

Don't look now but it is once again time for the FOMC to hold heap 'um big Pow Wow to discuss whether or not they should adjust their overnight interest rate or not.

Recently, the stock market rejoiced over the fact that a pound of bananas and a can of chicken noodle soup (generic or store brand) was no longer racing toward a new record high price.  This caused the stock market smoothies to believe (or at least publicly promote the idea) that the Fed will pause in their interest rate hikes and maybe, just maybe, start cutting rates again.  This speculation coupled with FOMO (fear of missing out) has caught the attention of your average Lower Slobovian retail investor.  Personally, I believe that the smoothies are playing the retail slobs.  Never forget the leaked e-mail in which Goldman Sachs referred to their customers as "Muppets".  Front running the trades of your clients is not beyond them.

Never mind the still nosebleed level asking prices of real estate, a used car, a new lawn mower, etc.  It's all good.

If you question the wisdom of this post, meander on over to your local "Big Tits and Hair Real Estate Agency" website and check out the asking prices on listings from areas that you are familiar with - ask yourself as you peruse the postings if the asking prices seem realistic.  Next, take a look at what is available at "Honest Kyle's Used Auto Emporium" and see if the gel haired ass clown has anything available that the average working person could afford without the use of a dodgy loan contract.

But no worries Fed - that pound of bananas is at 55 cents per pound and that's some progress, right??