Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktVital Statistics;
Stocks are lower this morning as the May FOMC meeting begins. Bonds and MBS are up.
Fed-whisperer Nick Timaros of the Wall Street Journal says the Fed is planning to signal to the markets that it is comfortable keeping rates higher for longer, while stopping short of introducing the possibility of raising rates further.
“Firmer-than-anticipated inflation in the first three months of the year has likely postponed rate cuts for the foreseeable future. As a result, officials are likely to emphasize that they are prepared to hold rates steady, at a level most of them expect will provide meaningful restraint to economic activity, for longer than they previously anticipated.”
“But a hawkish pivot, suggesting an increase in rates is more likely than a cut, appears unlikely, for now. Any such shift is likely to unfold over a longer period. It would require some combination of a new, nasty supply shock such as a significant increase in commodity prices; signs that wage growth was reaccelerating; and evidence the public was anticipating higher inflation to continue well into the future.”
The article suggests the Fed is close to tapering its balance sheet reduction (quantitative tightening) by reducing the runoff of its Treasury securities. In other words, this won’t affect mortgage backed securities. The runoff for mortgage backed securities continues, albeit at an organic pace driven by relocation and a few cash-out refis.
Compensation costs for civilian workers increased 1.2% in the first quarter, according to the Employment Cost Index. Wages increased 1.1%, as did benefit costs. For the past 12 months, compensation costs rose 4.8%. On a quarter-over-quarter basis, compensation costs rose from 0.9% to 1.2%, driven largely by an increase in benefit costs. Note this kind of contradicts the CPI data which claims that health insurance costs fell 15% in March.
Filed under: Economy |
All Things in Moderation 
Another actual journalist decides he can’t put up with the BS anymore.
https://www.kenklippenstein.com/p/why-im-resigning-from-the-intercept
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“This isn’t the CIA!” Bill yelled, calling Mazurov a fucking idiot.
“That’s an HR violation!” Mazurov shrieked.
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Along that vein:
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I’m a little bewildered by Hersch taking the side of the IC.
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Having subscribed to his Substack, I find he doesn’t resemble the caricature of him that’s portrayed in the MSM.
It’s a good observation though for those of us who remember how the NIE on Iraq was obsessed over during the Bush administration.
Biden can’t even be bothered to request one.
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This is an update from the New York Post on the Trump hush money trial,
‘Trump is f—d,’ Stormy Daniels’ lawyer texted Enquirer editor after ‘Access Hollywood’ tape emerged
By Ben Kochman
After news broke in October 2016 of Donald Trump bragging on a hot mic about grabbing women by their genitals, Stormy Daniels’ lawyer texted “Trump is f—d” to the editor of the National Enquirer, trial evidence released Tuesday shows.
“Wave the white flag. It’s over people!” responded the Enquirer’s editor, Dylan Howard, evidence shows.
But Daniels’ attorney, Keith Davidson, noted in another text that things “could get a lot worse” for Trump if Daniels went public right before the 2016 election with her claim about having a one-night affair with the married real estate mogul, he testified.
Sounds like a shakedown. The DA is counting on a jury that is ok with that.
https://nypost.com/2024/04/30/us-news/trump-hush-money-nyc-trial-live-updates-photos-news-analysis/
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Which is also supported by the other stories that everyone admits weren’t true that they also paid to suppress.
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Viva La Revolucion
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I saw her press conference. Say what you will about Abbie Hoffman, I’m sure he thought of food and water prior to taking over a building.
I wish Columbia had the balls to let them “die” of dehydration. Sometimes you have to stone a martyr.
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She exemplifies the childish modern leftist who had parents who never told her no and an educational system which validated every empty, vapid thought that crossed her mind.
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You can imagine it’s terrified call to police should it see someone in a red MAGA hat.
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One of the better pieces of commentary noted that it’s wrong to blame the kids for this stuff. The real blame lies with the educators that encouraged it and the institutions that tolerated it.
This is truly karma for all those universities. And I do appreciate the idea that the students are going after the last sacred cow, the endowment fund.
Making the universities choose between faculty ideology and donors is perfect.
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“Sometimes you have to stone a martyr.”
Stoning isn’t required. They just have to go to the cafeteria to get the water. It’s not going to be delivered to them in their “occupied” space.
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the building doesn’t have drinking fountains?
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I don’t think it’s about water or food, it’s about bending, coercing really, people to their will. It’s leveraging power, pure and simple.
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It’s their perpetual claim to victim status.
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I love “Readers added context” on X/Twitter.
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Credit where it’s due, I do appreciate the Brown students demand that Brown’s governing body vote on the divestment proposal that Brown itself commissioned back in 2020 and then disregarded.
That’s some solid trolling right there.
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lol! Reminds me of this classic,
https://shutupandtakemymoney.com/when-you-tell-a-joke-so-funny-that-hr-wants-to-hear-it-meme/
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LOL
https://x.com/freebeacon/status/1785429623381135387?s=46&t=vSGsUlnc4rLxcUf7zfUiHg
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I didn’t LOL. Her appearance reminds me of one of the Israeli festival goers, Shani Louk, who was killed and shown on online media in the back of the truck being carried away by Hamas millitants.
https://www.cnn.com/2023/10/30/middleeast/shani-louk-dead-israel-intl/index.html
And I’m confident that had the ‘Free Palestine’ Protester been at the music festival, she would have been killed too.
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I understand what you’ve written. Sadly, the protestors will say the the pale’s didn’t do it and in fact is was the IDF that did it.
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True, and they would still be just as dead had they been at the festival, all the while believing that.
This is an interesting piece on war:
“There is just our side and the other side.” strikes me as the correct understanding of what’s going on in Gaza. And I know that if I was physically there Hamas would be trying to kill me and the IDF would be the only ones trying to save my ass. And I don’t have my head so far up my own ass that I’m going to take the side of the people trying to kill me.
That perspective seems to be missing from the protesters today who advocate for an outcome that they won’t have to actually live under.
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Interesting read:
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Feminism is the North Star for the democrat party. Why any self-respecting straight dude would vote democrat is beyond me.
Note that single men, married men, and married women skew slightly R. Single women skew heavily D.
Which explains why student loan forgiveness is such a big issue. Single women owe the vast majority of student debt.
Also:
“It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy.”
1984
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What makes me laugh is the knowledge the the Libertarian POTUS/VPOTUS candidates will still end up endorsing Biden.
https://redstate.com/benkew/2024/05/01/the-libertarian-party-just-announced-a-surprise-speaker-for-its-convention-n2173615
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Some of Biden’s best friends are Xenophobic bigots on par with Russia and China.
https://redstate.com/nick-arama/2024/05/02/biden-just-creates-international-incident-with-comment-insulting-japan-n2173638
Dude’s a foreign policy giant.
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I laughed.
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Excellent read. The full transcript of the Time interview with Trump. Note how many times they try to goad him into saying that the US military will be used for deportations and how many times he has to correct them by saying he’s referring to the national guard.
https://time.com/6972022/donald-trump-transcript-2024-election/
What also comes across is that in a lengthy sit down interview with a MSM journalist, he can hold his own and make his points. I can’t imagine Biden doing this level of interview.
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Still the greatest tweet of all time.
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This is good:
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All europeans must do this. 3rd world tourism be damned!
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Hi. Just wanted to pop in and say hi. Been lurking a bit.
Just been slammed. Wife is doing well, but work got busy. I’ve been doing my job and my direct report’s. Got tired of that, so he’s gone.
anyway. hope you all are doing well.
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Thanks NoVA. Glad your wife is doing well.
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Noted expert on corporate accounting in NY State Stormy Daniels testifies.
https://www.nytimes.com/live/2024/05/07/nyregion/trump-trial-hush-money-stormy-daniels
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Worth noting:
https://substack.com/@coleman371209/note/c-55760017
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I think Biden changed the reporting requirements so that cities are relieved from having to report crime to the Fed, or at least certain crimes.
That is the scam they are pulling Gives them the result they want, and partisans can claim crime is down.
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I also think murder isn’t the same as all crime.
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Reminds me when NYC stopped going after ticket scalpers outside MSG and Yankee stadium and then claimed a huge improvement in crime
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I weep, WEEP! for these soon to be martyrs. Bobby Sands only dreamt of this kind of commitment.
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Lol!
I guess smartphones don’t count?
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I read the tweet thread yesterday and honestly thought it was a parody.
it’s real and it’s spectacular!
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The part about not sending their kids to the ivies is wild.
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It’s funny to consider this AWFL being shocked and appalled at other whitey’s not taking advantage of a “double-legacy”. According to my Woke|DEI guide, Ivy League whitey legacy admissions are immoral and anathema to wokeism.
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Deep down, everyone believes in eugenics:
https://slate.com/technology/2024/05/ivf-daughters-toxic-masculinity-sex-selection.html
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Heresy:
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The fact that he is most proud of the NYT’s reporting on Britney Griner – someone who really matters mainly to the activist sports reporter and a slap in the face to anyone who has ever served in the military – says it all.
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The media canonization of her is as predictable as it is pathetic.
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jnc:
”Given that Trump’s not in office, it will probably be fair.”
Apparently he is unfamiliar with who runs elections in the US, which is neither the president nor the federal executive branch. What a clown.
Also, he says this:
”To say that the threats of democracy are so great that the media is going to abandon its central role as a source of impartial information to help people vote — that’s essentially saying that the news media should become a propaganda arm for a single candidate”
Is he not aware that that is precisely what the media explicitly did in 2016 when Trump got elected?
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What the media explicitly did to Trump, GWB, GWHB, Reagan, and Nixon too.
The media is just the propaganda arm of the democrat party.
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Well yes, he’s the editor for the NYT so of course there’s the usual BS.
What I found significant was the concession that the current polling shows Trump winning the popular vote in addition to the electoral college.
Reality is beginning to penetrate the bubble.
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Greg Sargent (Now at the New Republic instead of The Washington Post) takes this as evidence that the NYT is in the bag for Trump.
https://newrepublic.com/article/181353/new-york-times-editor-joe-kahn-defense-coverage-trump
That’s how far gone they are.
See also Brian Beutler
https://www.offmessage.net/p/mainstream-media-guilty-conscience
This is how they truly see things
https://www.offmessage.net/p/democrats-breaking-up-with-mainstream-media
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