by You had to know this was coming…POWELL: 75 BPS INCREASES NOT SOMETHING CONSIDERING— *Walter Bloomberg (@DeItaone) May 4, 2022 IOR was adjusted to 0.9% with the policy rate increase yesterday …. if they soon did 2 increases of 0.75% each that would put IOR at 2.4% and 2.4% on the T of balances they owe the support rate on would create a current liability of 4B annual and they currently only achieve about 0B of annual gross revenues…. They would become insolvent…Therefore can’t happen scientifically…. Meanwhile Art Degree monetarist inflationista morons are still going all around the place saying “Fed is behind the curve! Fed is behind the curve!”… as if the Fed has any ability to increase the support rate any faster…
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You had to know this was coming…
POWELL: 75 BPS INCREASES NOT SOMETHING CONSIDERING
— *Walter Bloomberg (@DeItaone) May 4, 2022
IOR was adjusted to 0.9% with the policy rate increase yesterday …. if they soon did 2 increases of 0.75% each that would put IOR at 2.4% and 2.4% on the $6T of balances they owe the support rate on would create a current liability of $144B annual and they currently only achieve about $110B of annual gross revenues…. They would become insolvent…
Therefore can’t happen scientifically….
Meanwhile Art Degree monetarist inflationista morons are still going all around the place saying “Fed is behind the curve! Fed is behind the curve!”… as if the Fed has any ability to increase the support rate any faster…