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Powell in the presser: "we don't like to react to one or two months of data, but this is a full quarter"

--> 3 months make a trend for the Fed. #FedSpeak

Powell emphasized lower job openings in JOLTS report in today's presser:

Tomorrow several markets are closed to celebrate communism.

The employment cost index (ECI) continues to be elevated (blue) and above expectations (purple).

Whereas wage numbers vary, for example, based on what the average number of hours worked is, the ECI normalizes wages and is considered the better wage inflation indicator. Alas,… twitter.com/i/web/status/1…

"About 70% of global internet traffic passes through the area’s data centers."
The WSJ article focuses on energy use, but the issue not mentioned is national security as such concentration of internet traffic (and data storage!) creates vulnerabilities.
wsj.com/business/energ…

If you are an organization with perpetual life, how much of your endowment/assets should you spend each year?

“The ‘peace dividend’ wasn’t a dividend. It was a credit taken out of … defense capabilities… that credit is being called with compound interest” x.com/noclador/statu…