{"id":68352,"date":"2024-05-23T18:49:12","date_gmt":"2024-05-23T23:49:12","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68352"},"modified":"2024-05-24T05:08:19","modified_gmt":"2024-05-24T10:08:19","slug":"titillating-tidbits-david-haggith-may-22-2024-%e2%88%99-paid-closeup-photo-of-torn-papers-photo-by-alice-donovan-rouse-on-unsplash-its-a-slow-news-day-today-in-terms-of-any-one-big-story-s","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68352","title":{"rendered":"Titillating Tidbits"},"content":{"rendered":"
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Titillating Tidbits<\/a><\/h3>\n<\/div>\n
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Photo by\u00a0Alice Donovan Rouse<\/a>\u00a0on\u00a0Unsplash<\/a><\/figcaption><\/figure>\n<\/div>\n

It\u2019s a slow-news day today in terms of any one big story, so I don\u2019t have much to comment on, other than a few news tidbits of interest:<\/p>\n

Fed Governor Waller<\/strong>\u00a0adds to the weight of statements by other Fedheads who have spoken since the FOMC meeting, saying he\u00a0will need \u201c<\/strong>several<\/strong><\/em>\u00a0months\u201d of improved inflation data before he would even consider a rate cut.<\/strong>\u00a0That comes even after the last CPI report that gave the first blip down for inflation in months. (See \u201cCPI\u2019s Little Head Fake.<\/a>\u201d) He does not see an increase in rates as likely. So, the Fedheads have been consistent in agreeing with me on this\u2014NO PIVOT for several months to come\u00a0at the earliest.\u00a0<\/em>(I alway add one caveat: All bets are off if they\u2019ve managed to blow the entire economy and banking system up prior to seeing enough months of improving inflation data and rising unemployment.)<\/p>\n

Several states have taken steps to block the use of central-bank digital currencies within their states.<\/strong>\u00a0That is a welcome step that will slow down the adoption of CBDCs. The Fed had indicated some significant moves toward a US CBDC would happen a year ago, but their \u201cdistributed ledger,\u201d which is the backbone of such a system, was a failure. It couldn\u2019t handle the volume of transactions\u2014not even close. I haven\u2019t heard much about it since, so maybe those hushed failures have sent it back to the drawing board. (If anyone else knows otherwise, please let us known in the comments. It just goes to demonstrate how secure central-bank digital currencies are certain to be.)<\/p>\n

Biden has ordered that the entire northeast gasoline reserve be drained<\/strong> in order to combat gasoline inflation this summer \u2026 and then be permanently closed…<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Titillating Tidbits Photo by\u00a0Alice Donovan Rouse\u00a0on\u00a0Unsplash It\u2019s a slow-news day today in terms of any one big story, so I don\u2019t have much to comment on, other than a few news tidbits of interest: Fed Governor Waller\u00a0adds to the weight of statements by other Fedheads who have spoken since the FOMC meeting, saying he\u00a0will need […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[31457,11574,31391,34306,34641],"class_list":["post-68352","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-biden-administration","tag-david-haggith","tag-gas-reserve","tag-the-daily-doom","tag-us-strategic-gas-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68352"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68352\/revisions"}],"predecessor-version":[{"id":68354,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68352\/revisions\/68354"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}