“The Manchurian Candidate”: Tinker, Tailor, Tucker …. Weirdo.
“Once is happenstance. Twice is coincidence. Three times is enemy action.” (Auric Goldfinger)
Summary:
· Proportionate de-escalation is a “Friend-Shore” tailwind supporting the Biden Slam Dunk.
· The “Manchurian Candidate” intends to “steal” the Biden Slam Dunk tailwind.
· The “Manchurian Candidate” is the proxy for “foreign” interference in the US Presidential election.
· The “Manchurian Candidate” is the “weirdest yet”.
· Dissatisfaction with US Democracy will be conflated with “foreign” interference rather than domestic governance failure.
· The “Asian Debt Crisis rinse and repeat” contagion is legally spreading, through regional capital structures, via cross-default clauses, to infect Xi Jinping.
· The Fed’s “New Definition of Full Employment” is being nudged to land softly with the US Economy.
· The Fed’s “New Definition of Full Employment” is based on alleged structural changes to the labor market during COVID which are permanent.
· The weakness of the Fed’s emerging “New Definition of Full Employment” is the absence of the evident “Friend-Shoring” fundamental inputs which supersede the COVID parameters.
· The inherent weakness of the Fed’s “New Definition of Full Employment” is consistent with the central bank’s “Patriotic Monetary Policymaking” imperative.
· The “Ungoverned Kingdom”(UK) is not creating enough economic growth to sustain its current national debt, and the Bank of England’s realized losses on QT sales, plus Tory vote-buying pre-election tax cuts.
· The “Ungoverned Kingdom” (UK) is at the threshold of, officially, turning Japanese by adopting Modern Monetary Monopsony Theory (MMMT) policy.
· Elected lawmakers, in the “Ungoverned Kingdom” (UK), have finally admitted to turning Japanese and advised the Bank of England to follow suit.
· Given the “Ungoverned Kingdom’s” (UK) innate inflation tendencies, Sterling weakness, due to MMMT, needs to be managed with extreme caution.
· Governor Kuroda confirms the Key Signals translation of Higher/Tighter for Longer as MMMT Forever.
· The cause of Passive Investing Syndrome has not been diagnosed with MMMT.
· The IMF believes that inflation is still too high to embrace MMMT.
Extracts
· The well anticipated, and previewed, general release of the “Manchurian Candidate”, starring Donald Trump, has premiered, in Kyiv, to great acclaim for the leading actor’s method acting critically diagnosed as “Trumpophenia”.
· The method of “Trumpophenia” applies the Barnum-Forer effect.
· “Trumpophenia” is a political momentum indicator, that correlates asymmetrically with US Stock Market momentum.
· Since the market is always right, so is a “Trumpopheniac”.
· Applying the inherent win-win asymmetry, of “Trumpophenia”, even a loss is a win.
(Source: the Author)
· The Davos narrative, of the contagious “Asian Debt Crisis rinse and repeat”, spreading from China, is being spread, in the public domain, by Mr. Market.
(Source: the Author)
· “Cold Amazon” Vice Chair Brainard reminds that Fed monetary policymaking will always put patriotism before the dual mandate.
(Source: the Author)
“Of course, the widely followed overall unemployment rate is the standard measure for the state of the U.S. labor market. But underneath that single statistic are wide-ranging differences across geographies, and demographic groups. No one statistic can adequately characterize the labor market because aggregate numbers can mask the wide range of experiences across people, sectors, and places. Uneven labor market outcomes call for a full and focused exploration, motivated by our duty to pursue the Fed’s maximum employment mandate.”
(Source: BostonFed, Author’s emphasis)
· 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.
· The Bank of England is the first adopter of the next round of Modern Monetary Monopsony Theory (MMMT).
· Britons are the useful idiots that US home flippers were, in the GFC, to enable the next global credit expansion.
(Source: the Author)
· 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.
(Source: the Author)
· The IMF concludes that the structural “Fragmentation” paradigm shift has shifted developed central bank monetary policy frameworks.
· The IMF implies that the absurd combination of “Quantitative Tightening” and “Qualitative Easing” is the optimal way to trade off inflation and financial stability risks at this point in the Polycrisis.
(Source: the Author)
· The Fed signals another two years and $2.6 Trillion, of Quantitative Tightening insolvency, thereby, at least two more years and $2.6 Trillion of Qualitative Easing.
(Source: the Author)