Blind Flight To Safety (At Netscape Velocity): Hard Landing In the Rumsfeld Quadrant
“Central bank profits and losses matter . . . but only when they matter.” (Seth Carpenter)
Summary:
· The Fed is officially in the Rumsfeld Quadrant of the public domain.
· Bullard and Bostic confirm that the absurd combination of Qualitative Easing and Conventional Tightening will remain in place until inflation dynamics allow the normal resumption of Quantitative Easing.
· The BlackRock love, for CSGN, illustrates that the SVB collapse was a US national security threat and that US foreign policy has been subcontracted to Masters of the Asset Class Universe.
· The Ungovernable Kingdom’s (UK’s) “harsh and life-threatening” human rights record may be in breach of EU, UN, and US conventions.
· The UK Labour Party has framed the general election, in urbane Class War terms, as a dialectic involving representative Parliamentary Democracy versus the undemocratic Bullingdon Club Kleptocracy.
· The UK Labour Party’s morality tale assumes a Democratic victory in the US Presidential election and a US victory in the global Polycrisis.
· A UK Labour Government would “Butler” exclusively for the US Masters of the Asset Class Universe.
· The Conservatives must settle the Johnson Legacy with great skill in order to narrow the gap with Labour.
· A mishandled Johnson Legacy may result in an ultimate Grand Coalition of the Right from a split Conservative Party.
· A UK Grand Coalition of the Right may elicit a Grand Coalition of the Centre-Left.
· The Ungovernable Kingdom (UK) will hate Grand Coalitions.
· The PBOC’s RR-Easing confirms that there are monetary and fiscal policy constraints on the intended transition to a technological command economy on the back of the consumer.
· The enigmatic Deutsche Bank Slide is emblematic of the unfolding Eurozone financial crisis.
· The emblematic Deutsche Bank Slide may be the catalyst for national protectionism that threatens the ECB’s desired Eurozone consolidation and expansion.
· Lagarde has, seemingly, learned, from her Italian Yield Spread faux pas, that monetary policy is everywhere and always a financial stability policy phenomenon.
· In May, Ukraine will officially become the G7 Desert Storm Playbook catalyst, for the conditions precedent, which will enable an economic expansion that the global economy is desperately in need of.
· The latest Governing Council move confirms that the ECB is highly likely to trigger a hard-landing approach to banking sector consolidation and deeper economic integration.
· “Armageddon Time” has now been reached, at which the ECB’s delivery of disinflation, and consolidation, actually risks splitting up the Eurozone.
(Source: the Author)
· As Armagideon Time in the Ungovernable Kingdom (UK) repels listed capital it attracts vulture capital like Sajid & Co LLP.
(Source: the Author)
