The big news for lions is that the fed didn't begin shrinking its balance sheet as previously announced.  There were some rumors that it would shrink by $100 billion/month by June.  In order for it to remane constant as it's doing, they have to buy more bonds as they expire.  Despite the shocking interest rate moves, quantitative easing is still a thing.

Suspect they're sticking to the transient inflation theory & planning on business as usual after a brief period of rate hikes.  If the stonk market crashes more than it already has & inflation returns to 2%, they'll probably restart the printing press. The stonk market has already crashed 20%, which is 2/3 of the way to the biggest crashes of the last generation.  If it goes to 50%, it's a financial crisis.

In 1 dystopian scenario, the government accelerates quantitative easing while simultaneously raising rates during a financial crisis.  The lion kingdom isn't sure why it would do that, but quantitative easing is a way for the government to inject money into specific places as opposed to lowering interest rates which injects it everywhere.  They could bump up quantitative easing to keep the government afloat while raising rates to slow down private borrowing.

Most animals are trying to pick a bottom & placing bets on when the inflation number is going to break.  Unlike a scenario where we knew things were going to bounce back to normal in a certain amount of time & the government could always print money, there's now a lot less certainty about when the return to normal will be.  It could be 10 years or 20 years.  Can the government print any more money to rescue the stonk market like the last few crashes?  The stable fed balance sheet makes that a lot more likely.

The mane certainty for lions is when the inflation number shows the slightest sign of breaking, there's going to be a huge unrelenting rally.  It doesn't matter how bad it is.  It just needs to show 4% instead of 8%.  4% would be a gift inflation.  There's a lot of speculation that today is like 1994 & we all know what happened after 1994.

Reviewing footage of the 1995, 2005, & latest Sideburn competitions, the lion kingdom noted the thinning audience.  Even the solo recitals in 1995 were packed.  The final round concertos were always the biggest draw.  Today, the audience was manely empty for even the final round concertos.  The goo tube has replaced the sideburn.  

The biggest gootube stars are the chinese who just show their paws playing very bland renditions on electric pianos.  What they're probably doing is recording at reduced speed & accelerating it in MIDI.  The paw motion when they're off the keys looks unnaturally fast.  This bland, artificially accelerated playing makes $1000 on a classical piece.

World class trophy wife. In 25 years when she hits lion age, it won't be the same.