Modern Monetary Monopsony Theory (MMMT) Condenses Through Extended Forward Social Media Influence
“We have to refine our monetary policy framework.” (Gita Gopinath)
Summary:
· The “Ungoverned Kingdom” (UK) is “Ungovernable”, and “Uninvestable”, nationally and locally.
· Fiscal austerity, at the national and regional level, in the “Ungoverned Kingdom” (UK), is politically unacceptable in a general election situation.
· Politically unacceptable fiscal austerity, in the “Ungoverned Kingdom” (UK), will lead to the acceptance that the “Ungoverned Kingdom” (UK), structurally, “turned Japanese”, last year, when Lizzo had a go at “Kwasinomics”.
· Since the systemically important, and insolvent, UK banks are effectively nationalized, the next financial crisis will hit the NBFIs.
· Deputy Hauser, of the insolvent Bank of England, is preparing the precedent for Modern Monetary Monopsony Theory (MMMT) to bail out the insolvent NBFIs.
· Appositely, BOJ Governor Ueda, has, uncoincidentally, proselytized the Modern Monetary Monopsony Theory (MMMT) Libretto for, insolvent central bankers to follow in, the Higher for Longer/Tighter for Longer costume drama.
· Cognitive Blindness has become Cognitive Arrogance that shoots the central bank messenger, misses the message, and puts the Soft Landing at risk.
· The Fed is in the process of increasing its Signal to Noise Ratio after Mr. Market amplified the denominator post-latest FOMC meeting.
· The IMF confirms that the Fed’s broken signaling has put the central bank’s credible commitment and the Soft Landing at risk.
· The IMF advises that the Fed must improve its signaling on inflation expectations to regain credible commitment and land softly.
· Chairman Powell becomes a Social Media Influencer to frame misperceptions of what “Tighter for Longer” means.
· A successful Fed social media influencing campaign may get “@90s” the missing likes, it deserves, which will, then, lead to the acceptance of “Macklem Doctrine” as self-evident.
Extracts
· The “Ungoverned Kingdom” (UK) has become statistically “Uninvestable” for the first time since 2011.
· The Broad Money Supply data in the “Ungoverned Kingdom” (UK) confirms “Un-investment”.
(Source: the Author)
· Dollar Strength and associated global economic damage warrants a revisit to the Bretton Woods II thesis.
· The UK has turned Japanese in 2022 instead of 2023 as originally predicted by the Bank of England.
· Despite alleged conflicted interest the Bank of England and the UK Treasury have aligned interest in financial stability policy by nature of their insolvency problems.
· Kishidanomics i.e. Abenomics II is the globally acceptable face of UK Kwasinomics.
· The Bank of England is the first adopter of the next round of Modern Monetary Monopsony Theory (MMMT).
· “Fullbrookgate” is the UK change management critical pathway from “Butler Model” to “Blair Witch Project Concierge Model”.
· Britons are the useful idiots that US home flippers were, in the GFC, to enable the next global credit expansion.
(Source: the Author)
· The “September Surprise” is accelerating the decay of currently held truths and the adoption of new old ones.
(Source: the Author)
· Chairman Powell informs Mr. Market that he has not price-discovered “Macklem Doctrine” by the desired process of a strong US Dollar, lower oil prices, and lower bond yields, as anticipated from the recent FOMC signaling.
· The broken FOMC signaling implies a loss of credible commitment and, thereby, greater risk to the desired Soft-Landing outcome.
(Source: the Author)