Dumbest lines ever said: "we will not allow a one-time increase in the price level to become an ongoing inflation problem"
Lions interpreted that to mean they would allow one time inflation events & prevent them from becoming ongoing by whipsawing the interest rate, just in time. The low interest rate inflation events would allow the government to refinance its debt while the interest rate hikes would temper inflation expectations. It's a departure from the zero tolerance of the Volcker years.
The fed did take a bigger bite out of the balance sheet, showing they could be moving to bigger drawdowns in exchange for the coming rate cuts. The media did its best to inject doubt into the next rate cut, but there was never any question, based on average inflation falling short of historic 3.5.
"appear to remain well anchored and consistent with our longer-run inflation objective of 2 percent." At this point in the history of 3x-4x debt to GDP ratios, monetary policy makers might as well not exist. They sound like chatgpt speeches by now.
The lion kingdom's stonk positions are higher than anything they ever imagined having, but this inflation targeting business all seems more like robbing the poor to pay the rich in order to keep the average rising. If the bottom of the curve, which is cash heavy, makes money, the average falls. If the asset heavy top of the curve makes money, the average rises so they always take value from the cash & move it to the assets.
The endless bull market got lions pondering how much Ego Monger invested in her husband's "joint" mortgage. Even home equity lottery winners haven't kept pace with stonks.
Once the average house surpassed $1M, the stonk market became a better investment if it wasn't already. Before then, you might benefit from not burning it all on rent. Now rent isn't costing anything compared to a $1M mortgage. Home ownership is so far beyond rent now & so volatile compared to 50 years ago, the return on the equivalent investment in stonks is just going to dwarf the losses to rent.
There has to be practical need for a $1M house instead of a financial need, so they're usually only bought for raising kids. A wife investing in a joint mortgage in order to raise the husband's ex wife's kid & then leaving it all to the ex wife's kid is the new craze & just sounds crazy. They obviously see home equity as the only game, defer all the finances to the patriarch & see the patriarch's family as the door.
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A walnut crusher just 5 days after the last 24 miler, but the scheduling was just easier fit in on Friday night. Went out slow but still finished all 26.5 miles in 4h28m. The last walnut crusher started out fast & finished in 4h24m. Finished with a faster hero mile.
Went without the metronome & focused on a slower exaggerated stride. Combined with the slower speed, this managed to avoid sciatica & cramping, though there was an early onset of cramping at times. It might be wise to deviate from the metronome for long stretches to avoid repetitive strain.
Only burned 10 clif cubes. It seems to require 1 cube per mile after mile 16. Those are very potent. Temperature was in the high 70's to high 60's.
Middle age problems: use a metronome & get sciatica. Use a slower cadence & get tendinitis.
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