Of course, Biden’s State of the Union Speech will include all kinds of bragging about the economy, as every president’s SOTU speech does. So, we’ll ignore all that and look at the direction the economy is actually headed using recent metrics in a rapid-fire revelation that looks like this:
Stock investors don’t believe Powell because the Fed lost most of its credibility in recent years by promising it could do quantitative tightening on autopilot in its long-awaited and feared balance-sheet unwind, which crashed stocks back in 2018. Next it slammed the brakes on QT in a Fed faceplant because it had also crushed bank reserves, which the Fed, more than any entity on the earth, is supposed to understand and manage.
Does anyone remember way back to when new jobs came in so bad the report shocked everyone by being far below expectations? Stretch your memory because it was all of three days ago that only 106,000 new jobs were created, well below the 190,000 Dow Jones estimate, and even further below the previous month’s upwardly revised 253,000. Yet, now, they’ve exploded to half a million!
There is no excerpt because this is a protected post.
The first Speedmaster model with a two-tone design, this 1983 model combined a steel case with a golden dial, silvered chronograph subdials, and a bracelet made from steel and 14K gold. watches replica https://www.replicawatches.to It is unknown exactly how many of this reference that Omega fake produced, but very few are known to still exist.
