& BRIEFLY NOTED: For 2022-02-09 We: Pause for a second, and just look at what the Powell-Brainard Fed (with a major assist from the Biden administration, and earlier from the Pelosi caucus in the House driving income support) has accomplished. Worlds, worlds, worlds better than the Bernanke Fed and the Obama Administration. Worlds better. And what does the bond market think about the future outlook? Since 2010 the bond market has, always, doubted that the Federal Reserve will achieve its inflation target over the next five years. Now, for the first time, it expects inflation over the next five years to be a cumulative 1.5%-points above the target. That implies a little above-target inflation in the next few months, and then over the following four years inflation at or below target. The bond market is strrrrrooonnngggly on team “inflation is transitory'“ and team “the Fed has got this”. This is a huge, tremendous policy victory on so many fronts.
Inflation at 7% YOY!! Auntie Em! Auntie Em! And so today (2/10/22) the 30 year mortgage has SKYROCKETED!!! to ...wait for it...uh...I guess where it was in 2020 and the 10-yr yield is where it was in 2019...you know, the rates we all thought would never go lower and were happy refinancing. Inflation apparently is making interest rates great again.
Izabella Kaminska gets it seriously wrong here. Rogan is not being threatened because of his political beliefs, but because he knows nothing about biology, viruses or epidemiology yet is advising people to act directly in contravention to the best current medical knowledge of a worldwide pandemic that has already killed millions. His influence is causing even more deaths that are easily preventable. If there isn't public accounting and censure for such behavior it will continue, and increase, and cause even more needless deaths.
What many centrists don't seem to want to admit is that not all viewpoints are equally valid, and that there are viewpoints that are dangerous and should be censored. It may be anti-democratic in some sense but it is nonetheless true. We are not engaged in having dry academic discussions about what free speech looks like in the abstract, we are trying to keep millions more people from dying needlessly and suffering medical issues for decades after.
Inflation at 7% YOY!! Auntie Em! Auntie Em! And so today (2/10/22) the 30 year mortgage has SKYROCKETED!!! to ...wait for it...uh...I guess where it was in 2020 and the 10-yr yield is where it was in 2019...you know, the rates we all thought would never go lower and were happy refinancing. Inflation apparently is making interest rates great again.
Ok, let's suppose that against all odds Trump winds up in prison by 2024. Will he win despite that, or worse yet *because* of that? I wish I knew.
Izabella Kaminska gets it seriously wrong here. Rogan is not being threatened because of his political beliefs, but because he knows nothing about biology, viruses or epidemiology yet is advising people to act directly in contravention to the best current medical knowledge of a worldwide pandemic that has already killed millions. His influence is causing even more deaths that are easily preventable. If there isn't public accounting and censure for such behavior it will continue, and increase, and cause even more needless deaths.
What many centrists don't seem to want to admit is that not all viewpoints are equally valid, and that there are viewpoints that are dangerous and should be censored. It may be anti-democratic in some sense but it is nonetheless true. We are not engaged in having dry academic discussions about what free speech looks like in the abstract, we are trying to keep millions more people from dying needlessly and suffering medical issues for decades after.