Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Sunday, 12 April 2020

FAULT LINES

yo!... not me... innit!


here in palookaville...

we ain't bigots...

if the facts change...

we change our mind..


AS GOOD AS WE GET


we can only read up an...

try ta make sense..

the real truth..

is hard ta find..


NOT THE FED


there see..

that wasn't so hard..

was it?

from tim duy 

Tim Duy's Fed Watch

The Federal Reserve wants to kill your recession call.



Look, I understand, in the finance and economics world we are used to a crisis being about us. 

But, this time it isn’t about us, as least not directly. 

This was as pure a shock to the national and global economies as one could imagine. 

One little tiny thing – you can’t even see it! – blew it all up overnight.

Unlike the last two cycles, the shock did not originate in the financial sector and spill over into the real economy. 

It originated in the real economy and spilled over into the financial sector. 

Neither is built to accept this level of damage. 

Just like I can’t blame my iPhone for shattering if I drop it from the roof of a ten-story building, I can’t blame anyone for what is happening in the economy. 

The phone isn’t made for that, just as the economy isn’t made to not be put to work.

From a macroeconomic perspective, there is no moral imperative to assign blame. 

There is no moral imperative to root out bad actors. 

There is no moral imperative to “punish” someone in the pursuit of “creative destruction.” 

In this situation, there is simply no reason to think that the activities that of 150 million people – our friends and neighbors– were just six weeks ago seriously misaligned.

The only moral imperative is holding together the economy so that those 150 million can resume their lives as quickly as possible.

The only moral imperative is working to prevent another...

15 million people from losing their jobs.


OUR FAULT THEN


Renowned conservationist and activist Dr Jane Goodall..
is hoping the coronavirus pandemic will be a wake-up call..

warning the crisis is a result of human disregard..

for nature and animals.

 Dr Goodall said we should have known a pandemic-like coronavirus was coming..

because other viruses..

such as SARS and HIV..

also jumped the species barrier from animals..



and have been traced to live animal markets..

or wet markets..

in China.

But Dr Goodall said the loss of animal habitat..

and intensive farming are part of the problem..

making it easier for viruses to spread from one animal to another..

and then to humans.
"We have to learn to think differently about how we interact with the natural world,"
 she said..
"And one of the problem..

is that as more and more forests have disappeared,..

so animals themselves have come in closer contact with each other..


"Most of these viruses that jumped to us have come through an intermediary..

So there's a reservoir host..

like a bat and in [the case of COVID-19]..

it's thought to have jumped into a pangolin..

and then into us."

Dr Goodall equates the human disregard for nature..

as also the root cause of..

climate change. 


DENIAL


so

If the world were perfect, it wouldn’t be.


we saw this comin..

we did nothing to prepare..

ok grounding all airplanes..

would have been a bit unpopular..

ta say the least..

but it would have stopped the virus travelling abroad 

and the airplanes are grounded now..

anyway.. 

we

did not lock down the social world..

but it is now locked down..

anyway..

we did not order..

PPE..

more medical staff..

more beds..  

more mortuaries..

we did not warn..

the old..

the sick..

the vulnerable..


SWEET FUCK ALL


yes..

sfa


SEND NOT TO KNOW FOR WHOSE FAULT THIS WAS


we voted these people into office..

the buck stops with them..

but..

also with us..

you get the government you..

deserve..

also

we get alpha shits..

 who are not even elected..

who grab power..

at times just like this..

and other times like this..

in days gone by..


THE TRUTH IS NOT WHAT IT WAS


coming up..

the big yellow virus..

come wait with me..

the world wide wait..

desperately seeking  symptoms..







 





Monday, 16 March 2020

The Night Before Virus

yo!.. silent day... innit!

starting to feel a lot like christmas...

here in palookaville...

all are hunkered down around the radiator...

panic shopping all done...

enough food etc....

for a month...

nobody around on the street...

no moving autos...

silent skies...


ANY PORT IN A STORM


ships all in dock...

planes onna ground...

taxis parked up...


only the central banks...

are at their emergency work alone...


CAN'T VISIT WON'T VISIT


due to the success of...

don't test, don't tell...

virus presents given to all...

fare share out this time...

no one shall go without...


 NOT OVER TIL FAT LADY SINGS


every year in palookaville...

the holidays seem to get longer...

cooped up at home with the family...

reruns of old movies...

nobody in here but us turkeys...


SOCKS DOWN AGAIN


risk off...

panic on...

some think it's time fo a reset...

others are fo a fix...

again...


ANVIL INNA SKY

tom and gerry...

remember...

the anvil is in the sky...

run around like a blue arsed fly...

do not send for where the iron will fall...

it falls on us..