Author Topic: Where is Jay Powell, is he dead or alive?  (Read 1050 times)

RuleNumberOne

  • Sr. Member
  • ****
  • Posts: 499
Where is Jay Powell, is he dead or alive?
« on: January 19, 2020, 11:47:20 AM »
When Jim "back-stabber" Bullard announced on TV (right after he publicly asked for a "25bp cut immediately") that he would "love to be Fed Chair" and that he had just rejected a job offer from the White House of the lowly 14-year-term Fed Governor, I hadn't imagined he was planning to murder Jay Powell.

With record stock market cap to GDP, record corporate debt to GDP, rapidly climbing government debt to GDP, record low unemployment, we would have thought a Fed Chair might have an opinion about the Fed's 1.75% interest rate.

Where is Jay Powell?


thepupil

  • Hero Member
  • *****
  • Posts: 1979
Re: Where is Jay Powell, is he dead or alive?
« Reply #1 on: January 19, 2020, 12:45:38 PM »
He lives in Chevy Chase Village, about 1.5 miles from my house. You want me to go check on him?

His wife is quite involved in the community; she has had to resolve many an important dispute.

https://www.washingtonpost.com/local/no-excessive-barking-a-chevy-chase-dog-park-divides-the-rich-and-powerful/2019/08/27/0b9fd242-c4e5-11e9-9986-1fb3e4397be4_story.html

My dog and I are going to miss that park.

LC

  • Hero Member
  • *****
  • Posts: 5261
Re: Where is Jay Powell, is he dead or alive?
« Reply #2 on: January 19, 2020, 01:06:53 PM »
Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
akam| brk.b | goog | irm | lyv | net | nlsn | pm | ssd | t | tfsl | v | wfc | xom

RuleNumberOne

  • Sr. Member
  • ****
  • Posts: 499
Re: Where is Jay Powell, is he dead or alive?
« Reply #3 on: January 19, 2020, 02:05:57 PM »
I am glad he is still alive. The PTSD from Trump's tweets must have been really bad.

He was last heard to say that the previous two recessions weren't preceded by inflation spikes, but were caused by popping asset bubbles. Then Trump started tweeting and Powell ran away from his job and family.

Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers.

LC

  • Hero Member
  • *****
  • Posts: 5261
Re: Where is Jay Powell, is he dead or alive?
« Reply #4 on: January 19, 2020, 03:09:19 PM »
I think he made a pair of divining rods out of stale olive garden breadsticks and is searching dupont circle for any traces of inflation.  ;D
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
akam| brk.b | goog | irm | lyv | net | nlsn | pm | ssd | t | tfsl | v | wfc | xom

John Hjorth

  • Hero Member
  • *****
  • Posts: 3287
Re: Where is Jay Powell, is he dead or alive?
« Reply #5 on: January 19, 2020, 03:51:40 PM »
I am glad he is still alive. The PTSD from Trump's tweets must have been really bad.

He was last heard to say that the previous two recessions weren't preceded by inflation spikes, but were caused by popping asset bubbles. Then Trump started tweeting and Powell ran away from his job and family.

Rumor is he lives in a tent in rock creek park. If you're particularly lucky, you can catch him rummaging through the bethesda starbucks trash at 3 am like a racoon. He still gives interviews in exchange for two day old bread and coffee creamers.

What does it matter? [Does it matter to your buying decisions?] The CoBF members are stock pickers.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

RuleNumberOne

  • Sr. Member
  • ****
  • Posts: 499
Re: Where is Jay Powell, is he dead or alive?
« Reply #6 on: January 19, 2020, 04:03:15 PM »
LC, you said the most insightful thing about the markets.

Until Powell sees inflation in the tents in rock creek park, he is not going to raise rates. If you go back and read Trump's tweets from last year, Trump spoke the truth: he said we have "a very weak Fed"

I think he made a pair of divining rods out of stale olive garden breadsticks and is searching dupont circle for any traces of inflation.  ;D