In my opinion you’re a gym loser if you do any of the following…
1) start off your workout with cardio until the point you are dripping sweat… then you bounce from one machine to the next… never wiping anything down… leaving a trail of sweat puddles everywhere you go
2) you workout during peak hours and bring 3-4 sets of dumbbells back to your bench, knowing that other members won’t have any dumbbells to use… but you still spend most of the workout on your phone watching IG stories
3) you have horrible personal hygiene… either don’t like to shower or don’t like to wash your gym clothes… or both… I’ll let you figure out the rest 🤢 … we really don’t like smelling you from 20 feet away… have some common courtesy for other members
4) you’re a dude that likes to lift heavy but also likes to leave their 45 pound plates on the machines when you’re done… nobody cares that you do the leg press with 10 plates on both sides… but we hate you because you just leave them there and walk away… forcing the next person to unrack your weights because you are lazy and inconsiderate
If you are one of these people please change your ways or build a home gym… thanks.
The Fed is divided over whether policy is tight enough and now comes a new complication: what if Bessent's push on bond yields works? Lower long-term yields would ease financial conditions right as the Fed may not want that.
Debt management has always been Treasury's job. Using policy to shape the level of long-term rates and broader credit conditions has been the Fed's.
A policy shift is "a real pain for Warsh," says one former Fed adviser. “Doing it now, just before Jackson Hole, strikes me as pretty inconsiderate if not a slap in the face.”