There will be Blood

Listening to Jerome Powell speech this morning reminded me of the "I drink your milkshake scene" in There will be Blood.

For anyone that has not seen the movie or read the book I suggest doing so. You won’t be disappointed.

To summarize, the main antagonist Plainview (Jerome Powell) gives Eli (Global Liquidity) false hope before pulling the Rug.

Here is Jerome Powells speech this morning translated to the movie.

Here, if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? Watch it. Now, my straw reaches across the room and starts to drink your milkshake.

So there it is.

Inflation is here to stay.

Rates will remain High.

Jerome will Drink your Milkshake.