Strategic Rebalancing Of Fed Governance Drifts Towards A “Third Mandate”

“Getting a really good understanding of not only economic conditions, banking conditions, financial markets, is really important.” (John C. Williams)

(Source: FT, caption attributed to Nathan Mayer Rothschild)

Summary:

·       The exodus, of dissenting talent, from the “Prison of Transient Groupthink”, at the New York Fed, is a strategic institutional governance success for the Federal Reserve.

·       The exodus, of talent, from the New York Fed creates “balance” in the Fed's monetary policymaking process.

·       A “balanced” monetary policymaking framework is consistent with the, observed, “mandate drift” towards a financial stability policymaking “Third Mandate”.

·       “Balanced Third Mandate Drift” lowers the probability of a hard landing and, commensurately, raises the probability of a soft landing.

·       Fed escape, from “Transient Groupthink”, via “Third Mandate Drift”, has an elevated probability of ending in capture by the “Smartest Guys in the Room” rather than Jamie Dimon/JP Morgan.

·       D-Day for “Friends-and-Family Shoring” ended early in the Ungoverned Kingdom (UK).

·       The “ritual cleansing”, on the UK side of the Atlantic, has reached the point at which Britain/the“Butler” (B), and Rishi (R) are being removed from the BRIC threat to G7.

·       Theleme and Louise will be on general (election) release in July.

Extracts

(Source: the Author)

·       The “Truth” is that the Fed requires a Financial Stability Policy “Third Mandate”, to act as a Single Mandate, in order, to escape from its “Prison of Transience”.

(Source: the Author)

(Source: Bloomberg, caption by Frank Sinatra)

·       Jamie Dimon “narrates”, his firm’s positioning for, a Lehman/Bear Stearns moment at, his competitors, in private credit, outside the Federal Reserve Banking system.

·       The “Smartest Guys In the Room” have, apparently, got five years, of fees, and a new Presidential Election Cycle first term, to put the next $300 Billion “Big Short” on.

(Source: the Author)

(Source: Bloomberg, caption by Napoleon Bonaparte)

·       “Friends-and-Family Shoring” may not be coming home to God’s Own Countrystan at the next Ungoverned Kingdom (UK) general election.

·       “Greasy Little Fingers” will not be returned to the “Greasy Pole” at the next “Greasy Election Poll” in the Ungoverned Kingdom (UK).

(Source: the Author)

(Source: Bloomberg, caption by the Author)

(Source: X, caption by Rt. Hon. Rishi Sunak)

(Source: the Author)

·       The rekindling of the symbiotic Special Relationship is pending the tall New World Order of the permanent sacking/resignation of the Butler, the conviction of the Oxford Apostles, the UK re-joining the EU, the closure of the VIP Lane, and India leaving the BRICs.

·       The rekindling of the symbiotic Special Relationship is also pending the syncretic bicameral Anglo-Saxon political cleansing simultaneously occurring on either side of the Atlantic.

(Source: the Author)

(Source: Bloomberg, caption, and editing by the Author)

(Source: Ia7it, caption, and editing by the Author)

(Source: economist, caption by the Author)

(Source: Bloomberg, caption, and editing by the Author)

(Source: X, caption by the Author)

(Source: thelemepartners, caption by the Author)

(Source: the Author)

·       “Friends-and-Family Shoring” is the Ungoverned Kingdom’s (UK) Polycrisis strategy.

·       Blue Horseshoe loves INFY, but he’s really got the hots for BP.

·       Behind the next great fortune, in the Ungoverned Kingdom (UK), lie the lies about Energy Security.

·       The Carbon Footprints in the Ungoverned Kingdom (UK) follow the VIP Lane, by way of a private jet, away from the Green Transition, to great fortune behind which lies the familiar/familial nepotism.

·       Conflicted commercial and pecuniary extended family interest has been obscured behind a plausibly deniable cloud of Energy Security.

(Source: the Author)

(Source: goodlawproject, caption by the Author)