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- Momofrmnyc commented Mar 21, 2023
What's funnier is that most of these individuals have all these degrees and accolades and make decisions equivalent to a potato running the helm.
US studies ways to guarantee all bank deposits if crisis grows
- Momofrmnyc commented Mar 13, 2023
Isn't it funny how anytime a bank of this size fails I don't really hear any of those individuals working for these places getting in trouble. It's the sleazeball convention all over again.
Biden says "banking system is safe" after SVB collapse
- Momofrmnyc commented Mar 13, 2023
That's the issue we haven't been functioning like a normal market for so long mate. Super low rates have only appeased those with wealth and businesses being able to take advantage. Regular consumers have been dragged for the lateral decade plus ...
Goldman Sachs: In Light Of Recent Stress In Banking System, No Longer Expect Fed To Deliver A Rate...
- Momofrmnyc commented Mar 13, 2023
The issue is the markets have been running with low rates for so long they think that shit was normal. It's not and these financial institutions know they're too big to fail in some sense.
Goldman Sachs: In Light Of Recent Stress In Banking System, No Longer Expect Fed To Deliver A Rate...
- Momofrmnyc commented Feb 27, 2023
Wait until the last minute to pass the buck on and try to solve the issue. Such a common tactic for our government and politicians. Inefficient as always...........
Yellen says ‘so far, so good’ in US inflation battle
- Momofrmnyc commented Feb 23, 2023
The FEDS have been far from truthful in their approach to this. We all know inflation would hit since Covid time when the money printer was on brrrrrr. Their dragging of their feet to course correct and get rates closer to a real term then and now ...
Unemployment Insurance Weekly Claims
- Momofrmnyc commented Feb 3, 2023
The market and FED have been disconnected for a while in my opinion. We are at a time where we are trying to figure out how well the FEDs fight on inflation has been thus far. I believe in my opinion the recent data coming out has the markets ...
Services PMI at 55.2%; January 2023 Services ISM Report On Business
- Momofrmnyc commented Feb 3, 2023
Whoever said they would pivot? The markets have been unequivocally disconnected for a while now. They literally have been reiterating for the past few weeks and months that we have a long way to go. The markets just seem to be at a disconnect with ...
Services PMI at 55.2%; January 2023 Services ISM Report On Business
- Momofrmnyc commented Feb 1, 2023
It's a game of chicken. Who will cave first?
Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year
- Momofrmnyc commented Feb 1, 2023
Could be a variety of reasons but there's a disconnect for sure between the markets and the FED.
Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This Year
- Momofrmnyc commented Dec 15, 2022
Ok fair it's up 800 pips in your last time line with EUR/USD (which is the last few weeks). It started the year at 1.13174........So I think umbrella is still pretty spot on. EUR/USD overall has weakened YOY so ............
Fed's Powell: We would have expected faster progress on inflation by now
- Momofrmnyc commented Dec 13, 2022
My point was FEDs are still far from their objective. I think I stated that clearly. I'm not worried about buy/sell rumor stuff as I'm long term holding positions. It's very clear FED has to get more aggressive that's all. Just tired of la la land ...
Consumer Price Index - November 2022
- Momofrmnyc commented Dec 13, 2022
People are really interesting. You do know the mandate is around 2% inflation. 7.1% is still FAR off from that.
Consumer Price Index - November 2022
- Momofrmnyc commented Dec 1, 2022
As a fellow African, corruption and doing business goes hand in hand.
Fed hikes and a stronger US dollar are fueling risks of political instability in Africa
- Momofrmnyc commented Nov 30, 2022
The stock market has been irregular a long time. The longer it takes for correction the harsher the conditions will be when it does arrive.
Powell: I Don’t Want to Overtighten, Cutting Rates Is Not Something to Do Soon
- Momofrmnyc commented Nov 11, 2022
They intervened again this week. They don't care.
U.S. keeps Japan, 6 other economies on currency watch list
- Momofrmnyc commented Nov 10, 2022
Haha definitely confirmed yen intervention. Too easy. I wonder how many more in the pipeline.
Consumer Price Index - October 2022
- Momofrmnyc commented Nov 10, 2022
I feel some yen intervention in the market.
Consumer Price Index - October 2022
- Momofrmnyc commented Nov 9, 2022
Weren't you the same one that said USD/JPY would be 200 by year end?
Global Energy Driven Inflation May Ease As China Sees Lower Growth
- Momofrmnyc commented Nov 2, 2022
Why act as a brake when you can also profit off the trades? I mean that's literally what the FEDs did. Like Bostic supposive "accidental trading" claims. This system is created for and benefits those with resources at the end of the day. FED were ...
Why Fed rate rises are a self-harming process