Wednesday, October 13, 2021

"No Filter" - pffffftttt....my ass

So the Stones are touring but won't include Brown Sugar in the set list as it might be insensitive or hurtful for today's audiences. I doubt Star Star is on the set list.

Fitch, S&P and Moody's are boinking the fat girl who insists upon being called "big boned" - delusional

"Even so, there are signs the rating firms are finding it increasingly difficult to overlook the US’s eye-popping debt levels. Fitch, which put the US’s credit rating on negative outlook in July, rang the alarm again this month when it said president Joe Biden’s $1.9 trillion American Rescue Plan will push the country even further away from a stabilized debt burden." It's all about yield - a rating downgrade results in lower bid prices for treasuries which in turn cranks up yields which in turn attracts the attention of yield starved investors. Right now, only the Federal Reserve and other foreign central banks are buying up the slop (with other people's money) to keep prices high and yields low. The US is more or less the girl you wouldn't fuck with your buddy's dick but the lowlifes of the neighborhood will pretty much fuck anything with a hole and a heartbeat so they're happy to oblige. I've watched Treasury yields over the past two decades and presently wonder who in their right mind would buy a 10 year treasury with the yield being so low. Incredible. Central Bankers view the fat girl through "beer goggles" - it doesn't hurt that the smoothies at the Fed can front-run their press releases and buy / sell stocks that they know will be directly affected by their decisions. I doubt that they invest their personal money in Treasuries - no proof, just a hunch. Scum.

Joe Biden's Media Whores

You can't help but love the whacky hi-jinks of today's crop of vapid media talent and "journalists" who cheerlead for the democrats in gushing and adoring terms. What bullshit.

The Safety Dance

"Say, we can act if we want to If we don't, nobody will And you can act real rude and totally removed And I can act like an imbecile" The rocket ride has been a lot of fun for a lot of suburbanites who commute to the cities to do their soul crushing jobs so that they can build up the precious 401k balance but I think the wealth effect is in jeopardy.
The Fed pays close attention to consumer confidence. At the moment, whitey knows that inflation is higher than the Fed claims and that while he's making more today, he's also required to pay more (for everything). In some cases, substantially more than he did 1 to 2 to 3 years ago. If his 401k becomes a 201k, bye bye wealth effect. Our economy is based upon real goods and services but it is also based upon a lot of smoke and mirrors - misguided trust, gullibility and more importantly, confidence.

Milquetoast - timid, meek, unassertive - lacking character or vigor.

That dumb phrase "Happy Wife, Happy Life" comes to mind. We seem to have a critical mass of milquetoast men in the country as we are increasingly cowed by "triggered", mentally unstable, no real talent assclowns.
Terra Field (a tranny working at Netflix) is the next logical progression in the "triggered movement". He/She takes issue with Dave Chappelle for stating the obvious. It's all bullshit. Chappelle's comedy bits are usually aimed at the absuridities of white people and particullary white men. I don't think much of Afro-American "culture" as a whole but I do think Chappelle is funny and I don't burst out into tears over his remarks directed toward "whitey". I'd certainly never call for his removal from any stage or network over a comedy bit. My advice to Terra or Ted or whatever his/her name is this - when or if Chappelle calls for your kind to be sent to "the showers" and then the crematorium, then you've got call for asking for his removal. Until then, shut your big yap. The root cause for all of this bullshit (in my opinion):
These bitches have truly come to believe in all of this entitled princess bullshit and a lot of milquetoast fathers and husbands "who go along to get along" are enablers. I personally don't bother with it anymore - the first whiff of this shit that I detect in a relationship and I'm in the wind and gone. I've learned over the years that you can't talk reason with them - they are like Jim Jones Kool-Aid drinking true believers. The best you can do is fuck 'em and forget 'em.

Sunday, October 10, 2021

Batten Down Your Hatches

"So why would this year’s ROA, which is expected to be close to that of pre-pandemic 2019, fall next year to a level close to 2020, when credit unions bore heavy impacts from the pandemic? CUNA Senior Economist Dawit Kebede said Tuesday that the main force behind the drop in ROA next year is the same force that played the main role in ROA falling in 2020 and rising in 2021: Loan loss provisions. That swing in loan loss provisions in turn reflects the freakishly high asset quality since the pandemic’s onset, a byproduct of government supports that provided much more support to household income than many economists expected." In part, all of the stimmies were a stealth bank bailout. The Fed knows how deeply in debt most great Americans are after years of encouraging them to borrow, borrow, borrow. Frankly, I love this - the Fed has finally managed to catch "the tit in the wringer". On the one hand, keep printing and distributing Fed Fun Bucks and inflation will continue the steady climb up and up and up. On the other hand, increase the overnight rate and remove the $120 billion in supports by tapering the Fed's purchases of very shitty investments and the stock market smoothies turn into crybabies and shit the bed. Congress, being the complete chickenshits that they are, will want to continue to borrow from whatever source they can find handy (China, Federal Reserve, Title Max, Cash Net USA, etc., etc.) so that they can keep their respective coalitions of money worshipping malcontent weirdos happy - Republican or Democrat makes no difference. Independents are the only true "American Party" - the rest of you are just big government bootlickers.

Thursday, October 7, 2021

Carter's Appointee - Ford Relied Upon Buttons and Home Gardens

Asked by a reporter how much unemployment he was willing to accept, Mr. Volcker responded, “My basic philosophy is over time we have no choice but to deal with this inflationary situation.”