FOMCGPT Is Better Than FEDERAL RESERVE

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Federal Open Market Committee (FOMC) sets policy for the Federal Reserve.

Data to Monitor Once A Month \\ 50 Plus Year Average \\ Acceptable Range

  1. Consumer Price Index YOY (CPY) Avg 3.8% Range 3%-5%
  2. Case Shiller Home Price Index YOY (HPY) Avg 5.29% Range 3.5%-7%
  3. Unemployment Rate (UR) Avg 5.73% Range 4.5%-7%

Tools Available

  1. Raise/lower Federal Funds Rate if CPY is too high/too low
  2. Raise/lower Federal Mortgage Rates if HPY is too high/too low
  3. Raise/lower Quantitative Easing if UR is too low/too high
  4. Auction Off Troubled Financial Institutions

Financial Institution Tests

  1. Uninsured deposits / domestic deposits < 50%
  2. Loans and held-to-maturity securities / total deposits  < 50%
  3. Financial Institutions that fail both tests for two consecutive quarters are auctioned off.

RESULT: No peer pressure, no human error, no recessions!

FOMCGPT(tm) To The Rescue!

A ChatGPT bot (FOMCGPT) has been designed to generate Federal Reserve policy once a month incorporating the algorithm above using easily modifiable configuration files. It is being tested using Federal Reserve FRED data from April 2021 to April 2023.

Fed Powell Texts Mid-Size Bank Presidents – “Hey, Are you guys solvent?”

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HEY WANT TO KNOW A SOLUTION?

https://www.barnesandnoble.com/w/the-assassination-of-too-big-to-fail-michael-e-kelley/1142968143

When You Asked for Black&White Nails and Expected Stripes

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In actuality, this is female chess player, Dina Belenkaya. You go, girl!

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Bill Gates Reveals First Resume Has 3 Bad Details

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  • I live with my parents.
  • I took $20 from my Mom’s purse to buy this printer paper.
  • I like wearing a pocket protector.

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TikTok Challenge: Avoid Fox News For 30 Days

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Pick among these 4 networks or a website like CNN.com or HuffPost.com.

If you hear a friend or relative saying any of the following, offer the TikTok Challenge aka Avoid Fox News for 30 Days for a chance to be trending online.

  • Those people.
  • Hang Mike Pence.
  • You can’t trust the elections.
  • Darn immigrants.
  • Hang Nancy Pelosi.
  • Make America Great Again.

Good luck! And may the best Native American win.

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Climate Change Your House

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Photo by Pixabay on Pexels.com

What the above house is doing to minimize the affect of Climate Change and what you can do.

  • Plant a tree on the west side of the house in front of windows. Make sure that the tree is not bigger than the house and loses its leaves in the winter.
  • Install awnings over windows that block sun in the summer and allow sun in during the winter.
  • Install weatherstripping around doors and windows to stop leaks of weather into the house during summer and winter.

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Opinion – All Schools Need Moral High Ground and Backbone

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Photo by Yan Krukov on Pexels.com

No, not prayer. Basically, ALL schools need the Ten Commandments minus the God stuff. We are so hung up with the God stuff, that we ignore the Ten Commandments. We lose out by separating church aka religion and state aka government.

If we take out the God stuff, the Ten Commandments cover most of what the major 7 or 8 religions in the world teach plus or minus “an eye for an eye” clause. In other words, the remaining 7 Commandments need to be taught in every school. Let’s review them.

Remember the Sabbath day. So taking Saturday or Sunday to reflect is a great idea. We all need to recharge our “batteries”. Take the time to rest, regroup, meditate. And if it includes practicing your favorite religion on Saturday or Sunday, then go for it.

Honor thy Father or Mother. This can be generalized to say honor or respect your elders whether it be father, mother, grandparents, teacher or some old guy down the street. These people have a lot more life experiences than you. They may have more stress and more knowledge.

Thou shalt not commit adultery. This is pretty obvious. Do not cheat on a significant other whether you are married or not. If there are compatibility issues, try to end it calmly and fairly and move on.

Thou shall not kill. Another obvious commandment. Punishable by death or life in prison.

Thou shall not steal. Also obvious but needs to be reiterated. As thieves get away with crimes, their friends and associates think it is okay to steal. A strong police presence is required coupled with a three strikes law that elevates the severity of the punishment. At the same time, we need to ask why did you steal? There may be a deeper issue such as poverty or drug use.

Thou shall not bear false witness. Plainly speaking, do not lie. Politicians are famous for lying. But they must be held accountable whether it is via fact checkers or some other means. If they get away with a lie, then society breaks down with more lies or by repeating the false narrative.

Thou shall not covet thy neighbors house. Again, plainly speaking, do not be jealous of others. This can lead to bad thoughts and bad deeds. Be happy with what you have.

Conclusion. So what this post is attempting to say is, let us encourage ALL schools to reinforce these remaining 7 non-God Commandments and then all of our communities will be that much better off. Thanks for your time.

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Renaissance Person – Someone with Many Talents

Gallery

This gallery contains 4 photos.

Renaissance Candidates [from my view] Bill Gates – Computer guy but not really artistic. So no. Steve Jobs – Computer guy with fascination with aesthetics. So yes. Thomas Jefferson – Politician, architect, inventor. So yes. Leonardo da Vinci – Artist, … Continue reading

Beachgoer Almost Forgets To Vote

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Do NOT let this happen to you. Courtesy of JAMES D. MORGAN, GETTY IMAGES.

The beachgoer was heard to say, “What are you looking at? I am trying to vote here. This is serious stuff.”

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#Assassination Book Trilogy

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Three fictional thrillers based in the future by Michael E Kelley.

Available now
Available Dec 2022
Coming
Summer 2023

Visit Amazon.com or BarnesandNoble.com or WalMart.com or Lulu.com to purchase a paperback or ebook. Make sure you buy the 2022 or 2023 Editions.

Noble Edwin Publishing LLC – Publications – Table of Contents

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The Federal Reserve is Topsy Turvy [Yes I am old] But Can Be Improved

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The Federal Reserve has been slow to act for fear of market reaction. Here is proof.

  1. Kept balance sheet high for too long. Quantitative Easing (QE) has gone on too long.
  2. Drank the unemployment Kool-Aid and ignored other signals.
  3. Looked at CPI as temporary and ignored Wage Inflation.
  4. Did not increase frequency of meetings to once a month during tumultuous time.
  5. Reacted rather than be proactive.
  6. Targeted inflation at 2% when the previous 50 years averaged 2.5% inflation.

The Federal Reserve can take these steps to fix some things.

  1. Meet monthly.
  2. Reduce Balance sheet aka stop QE.
  3. Increase interest rates 0.25 each month and avoid 0.50 increases.
  4. Assume recession is coming and be prepared to stop tightening.
  5. Set inflation target at 3%.
  6. Add non-voting younger University Economics Professors to board.

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The Pandemic Must Be Over

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I found several headlines in highly respected magazines. It MUST be true!

I mean, celebrities said IT IS OVER so it has to be true. Right?

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I Feel Sorry For Putin

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Putin is a very, very busy man of power.

  1. Putin has to review and approve all media posts.
  2. Putin has to approve all bank transactions over $1000.
  3. Putin has to make sure each bank transaction results in pennies being added to his overseas account.
  4. Putin has to constantly restock his supply of poison.

Translation

Путин должен просматривать и одобрять все публикации в СМИ.
Путин должен одобрять все банковские операции свыше 1000 долларов.
Путин должен следить за тем, чтобы каждая банковская транзакция приносила копейки на его зарубежный счет.
Путину приходится постоянно пополнять запасы яда.

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Trump Will Split From Republicans

After losing the Republican nomination for President in 2024, Trump will create a new MAGA party. Not since Teddy Roosevelt has a former President created a third party.

For more info on Teddy Roosevelt and the Progressive Party, click this link.

https://en.wikipedia.org/wiki/Progressive_Party_(United_States,_1912)