STUDIO VIEW OF THE FED

yo!.. bollox.. innit!

here in palookaville..

we await the news from the fed..

where the wizards of oz..

gaze into their navels..

WAITING FOR GODOT

all the palookas..

are running around..

expecting a slowdown in the rate of rates..

and are prepared to bet paper money..

on the wimp out agenda..

WTF

this whole raising of interest rates lark has only just started..

after years and years of zirp..

inflation has yet to even droop..

and yet they cry uncle..

AND YET

we are all so bamboozled..

by this bunch..

that we don't know what to do..

what you think should happen..

and what will happen..

have fallen out..

probably..

independant central banks arn't..

and probably..

they will be called to heal..

but surely not just yet..

and yet..

OVER FED

 yo!.. crazy like a wolf.. innit!

love this..

trouble is..

will the fed deliver..

or will normal service be resumed..

SIMPLE TRUTH

yo!.. talent recognizes genius... innit!

in palookaville..

things are drifting..

we are bored with the virus..

and we are bored with this fix..

we look around for clues..

as to what is happening..

where we may be going..

and whose fucking fault it all is..

MISTER MONOPOLY

was one of my nicknames..

when I used to teach..

it's because of the moustache..

anyway..

I know of one or two sources of good info, entertainment and wisdom..

here is a super post from tim knight..

https://slopeofhope.com/2020/05/cheater.

CHEATERS DON'T WIN 

as dan hicks and his hot licks would say..

but they can get away with it for a very long time..

always hedge your bets..

or better still..

don't gamble..

and stay away from ramblin..

it'll do you no good.. 

It’s about time to take it down a notch or two,

and Dan has the perfect song for the moment, 

“Reelin’ Down.” 

A bluesy country number supported by subtle but highly complex spot harmonies from the ladies, 

this quiet number is 

probably the one that best demonstrates the band’s 

attention to the detail in their arrangements. 

People who only listen to this album superficially may not appreciate that beneath the humor, 

the funny clothes and the throwback musical echoes are a group..

of very talented and serious musicians..

who obviously took great care in putting the pieces together. 

It may sound relaxed and easygoing, 

but that effect was achieved through hard-won effort. 

“Reelin’ Down” goes down easy because these musicians knew..

what the fuck they were doing..

and took the time to get it right.

IF YOU INVEST IT, HE WILL COME

yo!.. when you're broke don't fix it... innit!

in palookaville..

they've fixed the market..

they've fixed it so good..

it's not a market anymore..

it's the world series of fixes..

SHOELESS JEROME POWELL

has fixed the world series..

by buying everything..

the balance sheet is out of the ball park..

the fed has bought..

all the farms in iowa..

all the corny has been removed..

and a baseball diamond..

complete with bleachers..

has been erectioned..

Shoeless Joe Jackson:
Getting thrown out of baseball was like having part of me amputated. 

 I'd wake up at night with the smell of the ball park in my nose..

the cool of the grass on my feet... 

The thrill of the grass.

SLOPE OF HOPE

tim knight

It’s plain to see the tug-of-war going on between FACTS (when the market plunges) and FANTASY (the counter-trend rallies, fueled by trillions of dollars from the Fed).

What’s of interest, as you can surely gather from what I’ve drawn, is how each totally fake and fraudulent rally has fewer and fewer participants.  

Lower highs, every single time.

This is a broad, sweeping verdict about the nature of these bogus rallies. 

That traitorous bastard Powell is able to create headline prints..

which make the public think that things are peachy, 

but under the surface, it is slowly rotting out.

IT'S WORSE THAN THAT

"I've got some real estate here in my bag"
So we bought a pack of cigarettes and Mrs. Wagner pies
And walked off to look for America

Shoeless Joe Jackson:
I used to love traveling on the trains from town to town. 

The hotels... brass spittoons in the lobbies, brass beds in the rooms. 

It was the crowd, rising to their feet when the ball was hit deep. 

Shoot, I'd play for nothing!

Shoeless Joe Jackson:

Man, I did love this game.

I'd have played for food money.

It was the game...

The sounds, the smells.

Did you ever hold a ball or a glove to your face?

Dr. Archibald "Moonlight" Graham:
Well, you know I... I never got to bat in the major leagues. 

I would have liked to have had that chance. 

Just once. 

To stare down a big league pitcher. 

To stare him down, and just as he goes into his windup, wink. 

Make him think you know something he doesn't. 

That's what I wish for. 

Annie Kinsella:

Who's for Eva Braun here?

Who wants to burn books?

Who wants to spit on the Constitution of the United States of America, anybody?

Now who's for the Bill of Rights?

Who thinks that freedom is a pretty darn good thing?

Who thinks that we have to stand up to the kind of censorship that they had under Stalin?

WAITING FOR THE END OF THE WORLD

yo!.. vaccine ready yet?.. innit!

in palookaville..

two gamblers..

are desperately..

waiting for alpha..

WHAT ARE THEIR NAMES

an on which streets do they live?

bull an bear..

the flowerpot men..

wall street an lombard st..

IT STARTED ON YANCY STREET

“You have a sense of humour..

I am in favor of jokes..

They have political value..

Jokes are a release for the cowardly and the impotent.”

 The Comedians 

In our call of the day..

former Goldman Sachs hedge-fund manager Raoul Pal..

said the dollar was the world’s “biggest problem” 

and that the signal to sell equities was coming soon.

He said the narrative that the Fed printing money..

would causes a dollar collapse was “very wrong.”

The chief executive of Global Macro Investor..

who predicted the 2008 financial crisis..

“You see the biggest problem the world faces is the dollar..

We are in a viscous doom loop..

where slowing growth causes the dollar to rise..

which causes slower growth..

which causes the dollar to rise..

as all borrowers play musical chairs..

to get access to the dollar to service debts..

“Dollar swap lines, QE, jawboning, etc. 

have done nothing to stop this,” 

..he added in a post on Twitter..

He said no printing of money 

— by the Federal Reserve — 

would solve what he described as a “structural” problem..

 “All attempts to create more money..

to solve the dollar standard issue tend to devalue all fiat versus gold..

Gold is rallying on debt deflation probabilities.”

“My guess is that the next debt deflation signal..

will come when bonds begin to price in negative interest rates..

That day is coming soon... 

and that will be the signal to sell equities..

and the insolvency phase will begin.”

FIXING THE WORLD SERIES

 "'Meyer Wolfsheim? No, he's a gambler..

' Gatsby hesitated, then added coolly: 

'He's the man who fixed the World's Series back in 1919'. "

The 1919 World Series..

was between the Chicago White Sox (Black Sox) and the Cincinnati Reds..

The book and what really happened in history are similar..

because the World Series was fixed in 1919 by gamblers!

“The tears of the world are a constant quantity..

For each one who begins to weep somewhere else another stops. 

The same is true of the laugh.”

Samuel Beckett,  

Waiting for Godot
 

  SEEKING ALPHA 

KennethY

Comments315 | + Follow

 

The Fed has rigged the stock market!

How come no one seems to understand this basic concept? 

Every time you pull the slot machine, it is raining taxpayer dollars! 

 The Fed is printing infinity dollars until the stock market goes up. 

No amount of logic, reasoning or common sense..

can possibly stop the Fed's fix in the game.

The Fed wants the market to go up. 

 It will go up. 

They will print as many dollars as it takes until it goes up. 

The Fed cannot lose.

Anyone who doesn't understand this simple concept is just sheep...

Peter Cooper

Contributor

Comments1208 | + Follow
 

Warren Buffett is deafeningly silent. 

 But with his market value indicator now..

at 131% of GDP when 50-70% is 'fair value' 

the Sage of Omaha is wise to sit on his hands. 

The next decade may be his finest...

mostly bullish

PREMIUM

Comments1 | + Follow

 

I do not like this article, 

by July 4th many medical tests will be completed..

and doctors will know how to treat the virus, 

by September we will know we have a vaccine that works. 

 I look ahead and so does the market. 

Any downturn in the market will be short lived..

and will not reach the March 23rd lows.

mrenviro

Comments4 | + Follow

 

...The only thing holding the market up right now..

 is the word of panic-mode central banks that they have no regard..

for future generations Debt obligations..

and they will do anything and everything..

right here right now to “save the world“. 

What would we do without them...? 

Ultimately it’s another lesson in sticking to a long term diversified investment plan..

I guess..

Who the hell knows...

Nine9

Comments2 | + Follow

 

This is directly in line with my views. 

How strange is it that a remarkable bull rally..

could actually make one feel more shaken than the previous drop? 

But the idea that our entire retirement and livelihood..

is based off of a stock market so disconnected..

from economic fundamentals and reality..

is deeply disturbing to some of us..

with 20+ years left until retirement. 

RUNNING ON EMPTY

information is not knowledge..

knowledge is not wisdom..

he was a nice boy..

he used to cut the grass..

JUST ONE MORE IMAGINARY GUITAR SOLO

I wonder what it's like on the outside now..

a water melon in easter hay..

a little green rosetta..

DON'T GET ON THE BUS

don work for yuda..

with leather

 Samuel Beckett,  

Waiting for Godot

 

“The tears of the world are a constant quantity. 

For each one who begins to weep..

somewhere else another stops. 

The same is true of the laugh.” 

BUT YOU KNOW SOMETHING IS HAPPENING HERE 

...These shirts symbolize extreme luxury and wealth..

but it also foreshadows Daisy's change..

from purity to corruption..

.. It also symbolizes the end of the growth of Gatsby's dream.

 

“Gatsby believed in the green light..

the orgiastic future that year by year recedes before us. 

It eluded us then, but that's no matter..

tomorrow we will run faster, 

stretch out our arms farther.. 

And one fine morning..

 So we beat on, 

boats against the current, 

borne back ceaselessly into the past.”

J.D. Salinger,  

The Catcher in the Rye 

“I'm quite illiterate, but I read a lot. ” 

  

“If you had a million years to do it in, 

you couldn't rub out even half the "Fuck you" signs in the world. 

It's impossible.”

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..

Both SARS and COVID-19 are types of coronavirus 

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..

 

THE BLACK HOLE IN ONE

yo!... crash baked in... innit!

A day for self-congratulation...

njbr

9 hours ago

Most cases in the world
Most active cases in the world
Most serious/critical cases in the world
And tied/soon to win the most deaths, also.
Trump--- “People are watching us and seeing what we’re doing, and they’re very impressed.”
He lives in such a wonderful place
(comment posted on mish's blog)

up here in space...

things are gettin ugly..

palookaville starship..

uss enterprise..

is suckered into a black hole..

by a combination of..

 admiral not listening..

not looking forwards..

playing golf..

shaking hands..

piling up debt..

starting trade wars..

an lots a other daft stuff..

THE WRONG KIND OF DEAD 

the new stars virus..

was supposed to only kill..

old and worn out people..

not celebrities..

not politicians..

and certainly not health professionals..

but..

it would appear that the virus has mutated into a..

doctor an nurse killer..

it might have been different..

if the workers in the front line..

had the correct kit..

an..

PPE

CLUSTERFUCK 

LOST IN AUSTRALIA 


coming up..


keep your distance..

don't come fly with me..

Never answer an anonymous letter..

The future ain’t what it used to be..


No one goes there nowadays, it’s too crowded.. 

BLACK HOLE ECONOMICS

yo!... star trekkin... innit!

the uss enterprise...

the palookaville starship...

is in a black hole...

IT'S ONLY THE NEBULA STUPID

admiral donald t kirk...

has hit the hole in one...

can the FEDS...

save the day?

THE GOLD STANDARD

admiral nixon...

has taken all the gold on board...

the uss fort knox...

whilst admiral brown...

has swapped our gold...

for paper euros

KLINGONS ONNA STARBOARD BOW

since the trade wars...

the klingons are calling names...

and won't share sweets...

admiral donald t kirk...

has ordered PPE...

it's on order..

but..

is it here?

STAND OFF IN PALOOKAVILLE

lost in space...

and with nothing to do...

the crew are getting restless...

voices are calling for a range of options...

re-start the economy...

print more money...

give the crew a rise...

the crew just want a holiday...

whilst the admiral just...

wants to play golf...

THE HOSPITAL SHIP

uss new york...

is under attack from the virus...

captain cuomo...

has called for a federation effort...

an all out attack...

led by admiral donald t kirk...

and paid for..

by printing dollars

 unfortunately...

the hospital ship is sinking...

from the weight...

of unemployed crew..

taking up space...

PAPER WINGS

it's worse than that...

they're dead don...

"where the hell's the vaccine"... 

"light years away"...

TAKE BACK CONTROL

the virus can not be controlled...

so we must control the crew...

no holidays and no sick pay...

no jobs...

an only paper money

THE WAY TO THE SARS

out here in space...

there should be room for all of us..

to distance ourselves from...

our mistakes...

but

THIS SPACE AIN'T BIG ENOUGH FOR THE BOTH OF US

whether you believe...

in sound money...

the gold standard...

or just like to print...

navigating in space is difficult...

it's bad enough...

having to steer a course...

around all the bastards...

out here...

without this deadly virus...

We made too many wrong mistakes.

and...

A nickel ain’t worth a dime anymore. 

and...

Slump? I ain’t in no slump… 

I just ain’t hitting.

COMPUTERS AIN'T WHAT THEY USED TA BE

HAL 9000

 I've just picked up a fault in the AE35 unit...

It's going to go 100% failure in 72 hours

I am putting myself to the fullest possible use...

which is all I think that any conscious entity...

can ever hope to do

 HAL 9000

I'm afraid...

Dave Bowman..

Don't be. We'll be together...

HAL 9000..

Where will we be?

Dave Bowman..

Where I am now 

DON'T TEST DON'T TELL 

You’ve got to be very careful...

if you don’t know where you are going because...

you might not get there.

EVERY BODY KNOWS THIS IS NOWHERE

admiral..

donald t kirk..

of the starship..

enterprise..

is stuck in a hole in space

he didn't aim to get there..

he just wasn't listening to his officers..

now his face is..

on screen..

all day..

every day..

talking to keep his..

spirits up..

waiting for the vaccine.. 

to arrive..

thru..

the wormhole..

at..

warp speed!

so

PAPER MONEY VERSUS GOLD

unemployment goin thru a roof..

no more enterprise..

big bazookas firin evva more paper..

DIVIDED WE FALL

jus when a wurl..

needa helpin hand..

political parties..

are divided

it's probably nothing really..

just about who gets the pork..

and the bailouts..

COMING NEXT 

can uss enterprise print it's way out of this black hole?

will klingons come to the table?

what will gold do?

how many will die..

from the virus..

when will there be a vaccine..

will anyone evva fly again..

will we carry on cruising..

will the world ever be the same again..

whose to blame?

what are the real numbers?

who profits?

where is the all this money going?

A LAST WORD FROM HAL

Are you sure you're making the right decision? 

I think we should stop.

 

 

CORONAGATE : The Donald Devalued

yo! currency devalued...innit!

dateline palookaville..

currency markets in free fall...

as the DONALD crashes..

CORONAGATE 

our currency was in recovery..

don't test don't tell...

microbes behaving badly..

truth gets out!

PALOOKAVILLE GOES SHORT

shorting the donald to be outlawed..

despite ignoring the pandemic...

the microbe will always get through..

CENTRAL BANK SUPPORT

palooka fed weighs in...

1.5 trillion...

 humpty dumpty...

back together again...

donald inna ella vater..

but won't go down...

CRISIS WHAT CRISIS

it's the debt stupid...

INTEREST IN RATES

WTF Do I know about anything? 

I'm just a babe who likes to party.

I do however read other folk's blogs

Just look in the side bar to see.

Here at uBABE Financial we don't read the mainstream press

Well not much

We read Mish mostly

So this is what we think about interest rate hikes

Forget it

aint goin ta happen

 anytime soon

Why?

Because governments are bust as well as banks

They spent all tomorrows money yesterday

So how they gonna let interest rates that they must pay on their debt 

rise?

no brainer innit.

Also

The ZIRP is all that's proppin up the economy

Tech boom

construction boom

property boom

stocks boom.

Well it all be gonna be evaperate

IF rates rise.

So forget it

go back to sleep.

Dream on innit...

an o course this jus my opinion so

take no notice sukkers..