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    Post  tamedashabesi on Wed Apr 29, 2015 11:09 am

    investors run to buy protection as they don't know who balenciaga part time handbag deflation slept with last

    Oh shit. While balenciaga purses outletmost people have been spending their time balenciaga classic first tote bag worrying about the Fed printing up some inflation, Fed Bank of St. Louis President James "Jimmie B" Bullard got his academic on today and dropped some deflation all up in this bitch.

    And Jimmie B aint be one of those lame ass nonvoting members of the FOMC like Fed Bank of Minnesota President Narayana Kocherlakota whose last name sounds like a hella nasty venereal disease one would catch from a night with Paris Hilton (and for the record, being a Fed balenciaga papier mini Bank President and yet not getting to vote as part of the FOMC is like being the fat cheerleader on the bottom of a pyramid or a bachelor party designated driver). The point is Jimmie B knows the secret handshake, he drinks the juice, and his opinion matters so when he axes everyone if they know anything about some deflation and shit, people better start listening.

    The deflationary concerns stem from a "provocative" paper Jimmie B wrote (provocative in the sense that it took a full three pages to put readers to sleep instead of the usual two, though to be fair, page one was a full picture of Katie Cleary dressed as a regression model, so whatever) in which he argued that the Fed needs to stop all of this extended period low interest rate bullshit and get their quantitative ease on by buying some debt instruments longer dated than Velveeta cheese or Betty White's vulva. Not only that, but Jimmie B warned that if we continue this low rate poilicy, we're going to end up like Japan and be stuck in a long term no growth economy while living in constant fear of attacks from large fire breathing monsters like godzilla or Roseanne Barr. So goodbye inflation (for now), hello deflation. Money McBags is sure you'll both lead to hyperinflation eventually but until then, balenciaga pompon bag enjoy the soup.

    In other US macro news, new claims for unemployment fell by 11k to 457k, or by 7k if you use the non upwardly adjusted initial number released last week of 464k (Money McBags balenciaga city bag sale guessed that it would be upwardly revised to 470k, but it was only revised up 468k so good for the (No) Labor Department to only mildly be fudging the numbers). Analyst guesses were for initital claims to balenciaga towncome in at 459k, so in theory the data was slightly better than guesses until a week from today when initial claims are revised upward to 460k+. The point is, the data isn't just hard to believe, but there is absolutley no way economists/analysts/The Great Gazoo can make any kind of relevant guess as to what the numbers will be since their regression models are all calibrated with data from the past 70 years or whatever, when the world wasn't as connected, volatile, and fat tailed. All one can say is that people keep losing jobs which is more challenging for a recovery than geography is for Caitlin Upton or a high five is from Verne Troyer.

      Current date/time is Sat Feb 16, 2019 10:55 pm