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The Fed wants the market to take it seriously. And there is a level of meta-irony to that because markets almost always completely lose the plot. Stock market is not the economy, yada yada, but watching stock prices jump on news of layoffs or AI integrations is just like… what are we doing here?

It’s similar with CoreCore. It’s an art movement that is meant to be reflective of monotony of the constant drive to be accepted into social media’s cruel embrace. But the creators will sometimes say “follow me” or “face reveal at x subscribers” which is also a weird level of meta irony. Falling into the pitfall of Internet points while making videos about Internet points.

We all crave acceptance. CoreCore is visualized nihilism, the Fed’s rate hike path is enforced nihilism.

Overall, the Fed is paying attention. They believe that they have more work to do in the battle against inflation, but it’s a good thing that they are slowing their roll a bit.

I make these economic tiktoks almost every day, which recieve hundreds of comments, almost every day. Every day, I hear from people that things are not okay. That they are not okay. That things are hard and big and scary and confusing.

I think that’s why I’ve been circling this drain of “people are the economy” for the past few newsletters. Because people are the economy. The stock market is an inefficient mechanism for evaluating the position of the average person and the economy is clouded with confusion.

Video Length: 00:10:31

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