bolha.us

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Nonilex<a href="https://masto.ai/tags/JeromePowell" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JeromePowell</a> signaled that <a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TheFed</a> would not be making any hasty decisions on <a href="https://masto.ai/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>."It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]<a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ETTTTS</a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#recession</a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#geopolitics</a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USpol</a>

NonilexUS <a href="https://masto.ai/tags/CentralBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CentralBank</a> holds <a href="https://masto.ai/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> steady<a href="https://masto.ai/tags/TheFed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TheFed</a> said it will slow the pace of the drawdown of its balance sheet, as it faces challenges in assessing <a href="https://masto.ai/tags/market" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#market</a> liquidity….Stmnt: "The Cmte will continue reducing its holdings of <a href="https://masto.ai/tags/Treasury" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Treasury</a> <a href="https://masto.ai/tags/securities" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#securities</a> & agency <a href="https://masto.ai/tags/debt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#debt</a> & <a href="https://masto.ai/tags/mortgage" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mortgage</a>‑backed securities. Beginning in April, the Cmte will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $25B to $5B."<a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://www.reuters.com/world/us/fed-meeting-live-us-stocks-open-higher-investors-eye-rate-decision-2025-03-19/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.reuters.com/world/us/fed-meeting-live-us-stocks-open-higher-investors-eye-rate-decision-2025-03-19/</a>

The Conversation U.S.Rents jumped 4.6% from last year, accounting for nearly 30% of January's <a href="https://newsie.social/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> increase. A finance professor explains why proposed <a href="https://newsie.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> on Canadian lumber could further drive up homebuilding costs and rents. <a href="https://theconversation.com/inflation-249815" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://theconversation.com/inflation-249815</a> <a href="https://newsie.social/tags/interestrates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#interestrates</a>

Emeritus Prof Christopher MayHmmm.... annual inflation in January rose from 2.5% in December to 3% in January.... pushing it well above the BoE's target.Andrew Bailey will emphasise the persistence of 'inflationary pressures', but this also suggests even on its own terms the sado-monetarists policy of high interest rates is not really working.This might tell us inflation is being (partly) imported, but also that interest rate policy is not (actually) about inflation but about 'disciplining' workers!<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>

Emeritus Prof Christopher MayToday's headlines will say wage growth (year on year) has risen to 6% (although once we allow for inflation, growth in real wages is nothing like that).But the real issue is are real wages back to what they were before 2008, allowing workers to make up for a lost 15 years of falling living standards? The answer is, for many, no!So when Andrew Bailey & Rachel Reeves warn us that this stokes 'inflationary pressures' recall whose ever increasing wealth is ignored!<a href="https://zirk.us/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> <a href="https://zirk.us/tags/interestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#interestRates</a>

Mazz@1984<a href="https://aus.social/tags/australia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#australia</a> <a href="https://aus.social/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> <a href="https://aus.social/tags/News" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#News</a> <a href="https://www.abc.net.au/news/2025-02-18/reserve-bank-interest-rate-decision-rba/104949390?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.abc.net.au/news/2025-02-18/reserve-bank-interest-rate-decision-rba/104949390?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other</a>

Emeritus Prof Christopher MayThe UK's GDP 'grew' by 0.1% last quarter... essentially flat-lining.Its a reminder that rather than blame Rachel Reeves for failing to (immediately) stoke an expansion of economic activity in the UK, we should be putting this at the feet of the Bank of England whose specific(!) policy has been to keep interest rates high(er) to dampen down economic activity & 'squeeze' inflation out of the UK' economic system.But they, as always, escape the blame in the media!<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> <a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a>

Emeritus Prof Christopher MayI feel tempted to say 'I told you so'... as predicted the Bank of England's sado-monetarists are rolling out the persistent inflationary pressure narrative to justify few if any further interest rate cuts this year.... {too many of you are still trying to repair your living standards; know your place peasants, and until you do we're going to cripple you with higher mortgage payments!}<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> <a href="https://www.theguardian.com/business/2025/feb/07/uk-inflation-bank-of-england-huw-pill-interest-rates" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.theguardian.com/business/2025/feb/07/uk-inflation-bank-of-england-huw-pill-interest-rates</a>

skua<a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@GottaLaff</a> <a href="https://mastodon.social/@somlu1968" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@somlu1968</a> Oooo.Moody's Credit Rating is <a href="https://mastodon.social/tags/Bankruptcy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bankruptcy</a> adverse.The <a href="https://mastodon.social/tags/BondsMarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BondsMarket</a> and <a href="https://mastodon.social/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> could go wild.

Emeritus Prof Christopher MayAs widely expected the BoE cut interest rates to 4.5%;Their project to undermine economic activity (to 'squeeze' inflation out of the system) is working well; their growth forecast down to less than 1% this year (which is within the margin of error for a recession).But, the sado-monetratists friends continue to absolve the BoE from blame & put it at Reeves' feet (unjustly), while Bailey (as predicted) also noted continuing inflationary pressure(s).More pain to come!<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> h/t FT

Emeritus Prof Christopher MayQ. will BoE announce a cut in interest rates today?If so, does this indicate that the sado-monetarists think we have suffered enough to 'squeeze' inflation out of the UK economy?No; if they do cut, it'll only be down to a likely 4.5%, with an added narrative that potential inflationary pressures remain & so we shouldn't expect rates to drop below 4% this year...In other words: we all need to still suffer more, but we (the MPC) want to offer you some (false) hope of relief!<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>

Emeritus Prof Christopher MayThe Royal Mail has got clearance from its regulator (OFCOM) to cut back on second-class deliveries (indeed they seem to be encouraging such a move)... so one Q. is:If a service is cut, encouraging those wanting to use the post to more often go first class, does this count as 'shrinkflation' in services & so, essentially inflationary?I'm sure the sado-monetarists in Threadneedle St. will be adding it to the 'inflationary pressures' that delay any further interest rate cuts.<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>

John Wilson WSWS<a href="https://mastodon.world/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Trump</a> <a href="https://mastodon.world/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Economy</a> <a href="https://mastodon.world/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> <a href="https://mastodon.world/tags/EconomicCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EconomicCrisis</a> <a href="https://mastodon.world/tags/ClassWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ClassWar</a> <a href="https://mastodon.world/tags/FinanceCapital" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FinanceCapital</a> <a href="https://mastodon.world/tags/WallStreet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WallStreet</a> <a href="https://mastodon.world/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FederalReserve</a> Trump denounces Fed decision not to cut interest rate <a href="https://www.wsws.org/en/articles/2025/01/30/ebdm-j30.html" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.wsws.org/en/articles/2025/01/30/ebdm-j30.html</a>

tanya tussingSome ideas about lowering <a href="https://mastodon.social/tags/USdebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USdebt</a> from <a href="https://mamot.fr/@pluralistic" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@pluralistic</a> that add up to:"$1.4215t/year without even breaking a sweat, just by tacking (some of) the country's worst looting and tax evasion." "There's plenty of scenarios where interest payments result in the remaining $580b/year in savings, bringing the total up to $2t." "Now, sucking $2t/year out of the US economy all at once..." would hurt the economy, so best to phase cuts in over time.<a href="https://pluralistic.net/2025/01/27/beltway-bandits/#henhouse-foxes" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://pluralistic.net/2025/01/27/beltway-bandits/#henhouse-foxes</a><a href="https://mastodon.social/tags/Economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Economics</a> <a href="https://mastodon.social/tags/USebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USebt</a> <a href="https://mastodon.social/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>

Emeritus Prof Christopher MayHmmm.... as business groups start to cut staff, but blame higher wages on the pay floor (and required further promotion 'incentives') caused by the minimum wage, I'm expecting Andrew Bailey & the BoE/MPC to say that while they want to cut interest rates, they need some indication from Labour that the next uplift in the minimum wage will be capped. I'll happily be proved wrong, but on past evidence they'lll be casting round for reasons not lower rates yet.<a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> <a href="https://zirk.us/tags/workers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#workers</a>

LilMikeSFHigh Prices & High Interest Rates = Low Demand As US <a href="https://c.im/tags/HomeSales" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#HomeSales</a> Are In Tightest Market Lag Since Mid 90's Although there was a slight pickup of activity a few yrs back when Fed <a href="https://c.im/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a> first signaled movement downward, lending stalemate since suggests continued single family home <a href="https://c.im/tags/RealEstate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RealEstate</a> market sluggishness. <a href="https://www.usatoday.com/story/money/personalfinance/real-estate/2025/01/24/home-sales-2024-dip-housing-market-impact/77931124007/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.usatoday.com/story/money/personalfinance/real-estate/2025/01/24/home-sales-2024-dip-housing-market-impact/77931124007/</a>

The Japan TimesBank of Japan Gov. Kazuo Ueda raised interest rates to the highest level since 2008, avoiding market turmoil by carefully signaling his plans to investors. But that strategy carries its own risks. <a href="https://www.japantimes.co.jp/business/2025/01/25/economy/boj-rate-hike-backfire/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.japantimes.co.jp/business/2025/01/25/economy/boj-rate-hike-backfire/?utm_medium=Social&utm_source=mastodon</a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#business</a> <a href="https://mastodon.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economy</a> <a href="https://mastodon.social/tags/boj" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#boj</a> <a href="https://mastodon.social/tags/kazuoueda" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#kazuoueda</a> <a href="https://mastodon.social/tags/japaneseeconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#japaneseeconomy</a> <a href="https://mastodon.social/tags/interestrates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#interestrates</a>

The Japan TimesDonald Trump’s victory in the U.S. presidential election sparked an immediate rally in markets, but just two months later, the Republican is set to return to the White House amid a reversal of some gains. <a href="https://www.japantimes.co.jp/business/2025/01/20/markets/trump-win-markets-test/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.japantimes.co.jp/business/2025/01/20/markets/trump-win-markets-test/?utm_medium=Social&utm_source=mastodon</a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#business</a> <a href="https://mastodon.social/tags/markets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#markets</a> <a href="https://mastodon.social/tags/us" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#us</a> <a href="https://mastodon.social/tags/2024uspresidentialelection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#2024uspresidentialelection</a> <a href="https://mastodon.social/tags/donaldtrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#donaldtrump</a> <a href="https://mastodon.social/tags/markets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#markets</a> <a href="https://mastodon.social/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#trade</a> <a href="https://mastodon.social/tags/cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cryptocurrencies</a> <a href="https://mastodon.social/tags/stocks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#stocks</a> <a href="https://mastodon.social/tags/wallstreet" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wallstreet</a> <a href="https://mastodon.social/tags/forex" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#forex</a> <a href="https://mastodon.social/tags/interestrates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#interestrates</a> <a href="https://mastodon.social/tags/nyse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#nyse</a> <a href="https://mastodon.social/tags/tesla" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#tesla</a> <a href="https://mastodon.social/tags/elonmusk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#elonmusk</a> <a href="https://mastodon.social/tags/bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bitcoin</a>

Emeritus Prof Christopher MayHeadline: IMF upgrades UK growth forecast...Reality: its been upgraded from 1.5% to.... 1.6%. However, its based on the idea that the BoE will make four(!) interest rate cuts this year, bringing interest rates down 3.75% by the end of 2025.Well, to be frank, as you will know I think its pretty unlikely Bailiey & his sado-monetarists will do such a thing, so I think the IMF's forecast can be treated with a pinch of salt.<a href="https://zirk.us/tags/IMF" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IMF</a> <a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://zirk.us/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#InterestRates</a>

The Japan TimesA rate divergence between the U.S. and China erodes the city’s lure as a cheap place for companies to raise funds. It’s time to move on. <a href="https://www.japantimes.co.jp/commentary/2025/01/15/hong-kong-dollar-peg/?utm_medium=Social&utm_source=mastodon" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.japantimes.co.jp/commentary/2025/01/15/hong-kong-dollar-peg/?utm_medium=Social&utm_source=mastodon</a> <a href="https://mastodon.social/tags/commentary" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#commentary</a> <a href="https://mastodon.social/tags/hongkong" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#hongkong</a> <a href="https://mastodon.social/tags/us" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#us</a> <a href="https://mastodon.social/tags/usdollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#usdollar</a> <a href="https://mastodon.social/tags/interestrates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#interestrates</a> <a href="https://mastodon.social/tags/currencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#currencies</a> <a href="https://mastodon.social/tags/hongkongdollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#hongkongdollar</a> <a href="https://mastodon.social/tags/fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#fed</a>

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