Still More:

 

How bank failures may upend the Fed’s war on inflation

"Federal Reserve Chair Jerome Powell suddenly has a major new concern to weigh in his year-long battle against inflation: a string of bank failures.

"The spectacular collapse of Silicon Valley Bank, along with two other lenders, has sparked fears about broader financial instability in the U.S. and abroad."

(I'm not even gonna put the link here but:

Feb 14th.

In light of recent events it seems a lil prophetic dont ya think?)

"Anxiety over rising rates — which played a role in Silicon Valley Bank’s death— is ratcheting up.'

"The stakes are enormous: If the central bank holds back on rate hikes, that could lead inflation to stay higher for longer, further eating into Americans’ paychecks. If it forges ahead, it could risk triggering more financial turmoil."

(Thats the entire thing right here. The lack of available good options etc. You will not be able to escape whats coming, you just won't.)

“Now, they’re in a position where if they hike [half a percentage point] at the next meeting, that’s gasoline on the fire,” said John Fagan, who led the Treasury Department’s markets room from 2014 to 2018."

"Economists at Goldman Sachs on Sunday night already said they “no longer expect [the Fed] to deliver a rate hike … with considerable uncertainty about the path beyond March.”

“The Fed’s actions to fight increasing inflation will need to be materially adjusted, which it should be anyway because inflation is driven by many factors that are beyond the Fed’s control,” Dennis Kelleher, head of financial reform advocacy group Better Markets, said in a statement.'

(Like a runaway money supply the Fed helped to create in the first place?

5.7 million less workers post Covid?

Etc...)

"Higher costs have been fed by supply chain snarls, record amounts of government spending, Russia’s war in Ukraine and a reopening of the economy that sparked a burst of activity — all of which have emboldened companies to raise prices."

(Far higher than they ever need to I might add.

See where it says we created to much $ out of thin air and that's the underlying cause of the whole situation?

Yeah me neither.)

"Lawmakers have remained largely deferential to Powell’s efforts to restrict the economy’s growth to bring down inflation. They’re waiting to see whether the Fed can achieve a so-called soft landing, where price spikes cool without a significant economic slump."

(Lawmakers and Wall street.

(Both False prophets of Baal.)

"waiting to see whether the Fed can achieve 

a so-called soft landing, 

where price spikes cool 

without a significant economic slump."

Both waiting on something that's never happened before.

If you know where the trajectory is headed?

It still might be a lil shocking when the time comes

but not nearly as much as getting hit with it out of the blue.

'But do you know where you are going?" 

Somebody recently asked me.

Yup.

Known for years.

Know who with too.)

"Now, after SVB’s failure, which required aggressive action by the government to avoid wider financial panic..."

(They created a "lending institution" remember from the earlier piece?

More $ out of thin air that created the problem to start with.)

"Said Goldman Sachs’s economists: “While we agree that more tightening will likely be needed to address the inflation problem if financial stability concerns abate, we think Fed officials are likely to prioritize financial stability for now, viewing it as the immediate problem and high inflation as a medium-term problem.”

(Lord knows we gotta save the banks.

Just let the lower classes just keeping further and further behind, it's whats inevitable anyway etc...

As mu buddy's wife says:\

"Haven't we already seen this TV show?)

“Aggressive action to tame run-risk should also free up the Fed to pursue the monetary policy it thinks is appropriate to manage inflation rather than be trapped by … fear of amplifying financial sector stress,” said Krishna Guha, a former New York Fed official who is now vice chairman at investment firm Evercore ISI."

(If everything was on such solid footing?

Why did we need:

"Aggressive action to tame run-risk..."?)