Wednesday, June 15, 2022

Skyrocket

 So, the Fed is finally raising interest rates; too little too late?  Well, maybe not too little, but certainly too late.  I did get a kick out of the articles about the role Yellen has played in this (or not); she has certainly made a bollocks of it, if you will.  Could be me, but shouldn't her head -- if not hers, someone's -- have to roll here?  Powell hasn't done himself any favors, either.  In the meantime, retail sales fell -- unexpectedly, I am sure -- and inventories are supposedly climbing.  I guess all this unsold crap will help prices, but as long as people are paying $3 for eggs and $5 a gallon for gas...such luxuries as the bargain bin will undoubtedly be few and far between.

More seriously...what does the Biden Administration actually intend to do about this?  Jawboning oil companies may feel nice, and some people may actually believe this to be true -- I am not unsympathetic to complaints about excessive profits -- but the fact of the matter is that they are sitting on much of the production of oil and gas in the US, and even if someone wanted to put a refinery up...would they let it?  Back to my main point... I realize this isn't an easy thing to fix, but it hardly seems they are doing anything to combat it.  Which is both odd and dumb (yes, they are Democrats, so...)

https://www.wsj.com/articles/return-to-office-dogs-pets-home-anxiety-11655129289

There are days I wonder why I don't have a pet...this is NOT one of them.

https://thefederalist.com/2022/06/15/republicans-look-to-florida-for-a-lesson-in-dealing-with-the-corrupt-corporate-media/

This is awesome.  It would have been more awesome if Ron had called Karen back herself -- as the supervisor -- and gone to town on her in his usual sense (and, of course, released the audio).  But one takes what one can.

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