The decline in the Fed’s balance sheet has been historic:
The Fed’s total assets as a % of nominal GDP have fallen to 21.6%, the lowest since Q4 2020.
This also matches the level seen in Q3 2013 during the Fed’s 3rd QE program.
The Fed now has the lowest Asset-to-GDP ratio among major central banks, behind the UK’s ~25%, the Euro Area’s ~40%, and Japan’s ~110%.
Since the 2022 peak, this ratio has fallen -14 points, marking the largest drop on record.
In nominal terms, total assets have declined by -$2.37 trillion during this period, to $6.60 trillion, the lowest since April 2020.
The Fed’s balance sheet is shrinking.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
The Fed’s total assets as a % of nominal GDP have fallen to 21.6%, the lowest since Q4 2020.
This also matches the level seen in Q3 2013 during the Fed’s 3rd QE program.
The Fed now has the lowest Asset-to-GDP ratio among major central banks, behind the UK’s ~25%, the Euro Area’s ~40%, and Japan’s ~110%.
Since the 2022 peak, this ratio has fallen -14 points, marking the largest drop on record.
In nominal terms, total assets have declined by -$2.37 trillion during this period, to $6.60 trillion, the lowest since April 2020.
The Fed’s balance sheet is shrinking.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
A 50-yr-old man cannot meaningfully consent to a relationship with a 22-yr-old woman bc his blind lust makes him functionally retarded so the power imbalance is too extreme
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
💯6😁2
Racial discrimination at Harvard:
Blacks are granted such a large advantage by Harvard over their White peers that a Black applicant in the 5th decile still has a higher chance of admission than a White applicant in the 10th decile.
If we use Asians in the 10th academic decile as a reference point, we notice that the most qualified Asian individuals have a worse chance of getting into Harvard than Black individuals in the 4th decile from the bottom half of the applicant pool.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Blacks are granted such a large advantage by Harvard over their White peers that a Black applicant in the 5th decile still has a higher chance of admission than a White applicant in the 10th decile.
If we use Asians in the 10th academic decile as a reference point, we notice that the most qualified Asian individuals have a worse chance of getting into Harvard than Black individuals in the 4th decile from the bottom half of the applicant pool.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
💯3
In the United States, more women than men graduate from college in every major racial and ethnic group
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🤬1
CENSORSHIP: Swiss man jailed for claiming biological sex can be determined by examining skeletal remains. Switzerland and the EU determined the claim belittled the LGBTQ community
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😐6🌚3
A16z-backed Cheddr is building "the TikTok of sports wagering" - Unlike other platforms, they allow players under 21 and in 46 states!
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😐1
Air traffic control has a major problem in the pipeline.
ATCs are underpaid and overworked.
99% of control towers were understaffed in 2023 and the number of communication mishaps and near-misses between commercial aircraft skyrocketed.
I think the solution might be drones
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
ATCs are underpaid and overworked.
99% of control towers were understaffed in 2023 and the number of communication mishaps and near-misses between commercial aircraft skyrocketed.
I think the solution might be drones
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
SO MANY lying influencer scumbags lying about their polymarket wins now
Flooding the timeline with their BS
Why?
Affilitate commissions
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Flooding the timeline with their BS
Why?
Affilitate commissions
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
😁3💯2
BREAKING: Mamdani's odds continue to rise, despite Eric Adams endorsing Cuomo.
Is NYC going all-in on socialism?
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Is NYC going all-in on socialism?
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
💯4
US CPI will be released tomorrow at 8:30am ET.
The market expectations are at 3.1%, while last month's CPI was at 2.9%.
Here are different scenarios:
1⃣ CPI > 3.1%
This will be bearish for markets.
This is because it'll mark the highest CPI print since June 2024.
2⃣ CPI = 3.1%
This will be in line with the expectations but still somewhat bearish.
This is because it'll show a 0.2% MoM CPI increase, which is 2.4% annualized CPI.
And the Fed target inflation is 2%, which means Powell could become a bit hawkish.
3⃣ CPI < 3.1%
A perfect scenario for risk-on assets.
Rate cuts will happen, and also the MoM increase in CPI will be just 0.1% or 1.2% annualized.
This will also boost chances of more rate cuts and will cause liquidity to flow into risk-on assets.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
The market expectations are at 3.1%, while last month's CPI was at 2.9%.
Here are different scenarios:
1⃣ CPI > 3.1%
This will be bearish for markets.
This is because it'll mark the highest CPI print since June 2024.
2⃣ CPI = 3.1%
This will be in line with the expectations but still somewhat bearish.
This is because it'll show a 0.2% MoM CPI increase, which is 2.4% annualized CPI.
And the Fed target inflation is 2%, which means Powell could become a bit hawkish.
3⃣ CPI < 3.1%
A perfect scenario for risk-on assets.
Rate cuts will happen, and also the MoM increase in CPI will be just 0.1% or 1.2% annualized.
This will also boost chances of more rate cuts and will cause liquidity to flow into risk-on assets.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶