RuleNumberOne Posted January 19, 2020 Share Posted January 19, 2020 When Jim "back-stabber" Bullard announced on TV (right after he publicly asked for a "25bp cut immediately") that he would "love to be Fed Chair" and that he had just rejected a job offer from the White House of the lowly 14-year-term Fed Governor, I hadn't imagined he was planning to murder Jay Powell. With record stock market cap to GDP, record corporate debt to GDP, rapidly climbing government debt to GDP, record low unemployment, we would have thought a Fed Chair might have an opinion about the Fed's 1.75% interest rate. Where is Jay Powell? Link to comment Share on other sites More sharing options...
thepupil Posted January 19, 2020 Share Posted January 19, 2020 He lives in Chevy Chase Village, about 1.5 miles from my house. You want me to go check on him? His wife is quite involved in the community; she has had to resolve many an important dispute. https://www.washingtonpost.com/local/no-excessive-barking-a-chevy-chase-dog-park-divides-the-rich-and-powerful/2019/08/27/0b9fd242-c4e5-11e9-9986-1fb3e4397be4_story.html My dog and I are going to miss that park. Link to comment Share on other sites More sharing options...
LC Posted January 19, 2020 Share Posted January 19, 2020 Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers. Link to comment Share on other sites More sharing options...
RuleNumberOne Posted January 19, 2020 Author Share Posted January 19, 2020 I am glad he is still alive. The PTSD from Trump's tweets must have been really bad. He was last heard to say that the previous two recessions weren't preceded by inflation spikes, but were caused by popping asset bubbles. Then Trump started tweeting and Powell ran away from his job and family. Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers. Link to comment Share on other sites More sharing options...
LC Posted January 19, 2020 Share Posted January 19, 2020 I think he made a pair of divining rods out of stale olive garden breadsticks and is searching dupont circle for any traces of inflation. ;D Link to comment Share on other sites More sharing options...
John Hjorth Posted January 19, 2020 Share Posted January 19, 2020 I am glad he is still alive. The PTSD from Trump's tweets must have been really bad. He was last heard to say that the previous two recessions weren't preceded by inflation spikes, but were caused by popping asset bubbles. Then Trump started tweeting and Powell ran away from his job and family. Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers. What does it matter? [Does it matter to your buying decisions?] The CoBF members are stock pickers. Link to comment Share on other sites More sharing options...
RuleNumberOne Posted January 20, 2020 Author Share Posted January 20, 2020 LC, you said the most insightful thing about the markets. Until Powell sees inflation in the tents in rock creek park, he is not going to raise rates. If you go back and read Trump's tweets from last year, Trump spoke the truth: he said we have "a very weak Fed" I think he made a pair of divining rods out of stale olive garden breadsticks and is searching dupont circle for any traces of inflation. ;D Link to comment Share on other sites More sharing options...
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