Tick, tick, tick…

[Neodymium60]

May CPI 8.6%.   Came in hotter than feared.   10 year over 3%.

We can all argue that our government is beyond repair but right now it’s the truckers who are holding this country together getting much needed supplies to market while they pay $1,100/day for fuel.  An independent with 3 trucks will pay about $17,000 a week for fuel.  When they decide that it’s not worth it anymore a lot of folks will be 9 meals from hell.

And while we watch in amazement as the government takes quick action to forgive student loans they dawdle and distract with Jan 6 prime time TV.

 

 

[Legend]

We are in a tough spot. We have institutional leaders that don’t have the balls to do the right thing (at least match nominal interest rates to inflation), and therefore we have people who are going to suffer.

we have negative real interest rates on the order of 6-7 percent, and that’s if you believe the actual cpi, which is doctored whether you like it or not.

Instead, let’s blame Putin. We have gone from operation warp speed-type thinking to operation find someone to blame. Feckless is the word that comes to mind.

____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)

[rjnwmill]

“And while we watch in amazement as the government takes quick action to forgive student loans they dawdle and distract with Jan 6 prime time TV.”

The timing couldn’t be worse could it?  It plays right into the Republican narrative about political distraction as a means to paper over managerial/policy incompetence.

And to make matters worse for the democrats, this two page letter to Thompson and an all star cc list. A records retention request. I should think this will cramp the committee’s style. But it also shows the Republican focus for their soon to be majority will be both political and rearward facing. Just what we need.  🤦🏼‍♂️

The Honorable Bennie Thompson

June 9, 2022
Page 2 of 2

In addition, please preserve in complete, unredacted form the following information:
1. Email, text, instant message, and other communications into and out of Select Committee- controlled servers and communication networks or other servers and communication networks used by the Select Committee;
2. Social media posts made through any Select Committee-controlled server and network or other servers and communication networks used by Select Committee or by any Select Committee employee related to their work on the Select Committee;
3. Internal and public memoranda, including drafts, regardless of state of completion, and final versions, relevant to the work of the Select Committee;
4. All threat assessment, intelligence, and surveillance reports conducted regarding security to be provided to the Congress on January 6, 2021;
5. Transcripts and/or recollections of all telephone calls, texts, and radio or other electronic communications to and from current and former federal, state, or local officials during the investigation conducted by the Select Committee.
6. Memoranda of Agreement or Understanding or other agreements between the Select Committee and other federal, local, state agencies or private entities;
7. Correspondence to and from the Select Committee, including correspondence related to ongoing investigations; and
8. A complete, unredacted list of all Select Committee employees, interns, detailees, consultants, and contractors as of July 1, 2021, and as of June 8, 2022.
Should any requested item be subject to privilege, please describe the document and the privilege assertion in sufficient detail so that it may be considered appropriately. Should you have questions concerning this correspondence, please contact Caleb Hays, Republican General Counsel and Deputy Staff Director, at caleb.hays@mail.house.gov.

Respectfully yours,
Rodney Davis
Ranking Member
Committee on House Administration

CC:
Speaker Nancy Pelosi Rep. Liz Cheney
Rep. Zoe Lofgren
Rep. Adam Schiff
Rep. Pete Aguilar
Rep. Stephanie Murphy Rep. Jamie Raskin Rep. Elaine Luria
Rep. Adam Kinzinger

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[Cornfed]

I absolutely do not trust anyone on that committee to responsibly adhere to this request.

[Mick]

Short-term note yield is inverted.  Get ready for a wild ride…

Wall Street’s Favorite Recession Signal Is Back as Yield Curves Invert – Bloomberg

[Author]

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