Look into the divided Fed
Chris Temple, Founder of The National Investor joins me for a look at the US markets and their inability to reach all time highs. This very well could be all part of a longer term topping pattern. We also spend some time discussing the Fed and how divided they are. Making future policy out of the Fed all the more cloudy but quite frankly the Fed is nothing more than market reactive.
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I think the “divided Fed” is a ruse. The Fed/the system is screwed so any uncertainty that they can create will aid them in preventing runaway markets that would hasten the disintegration of their influence.
Bill Still means well but is clueless.
Missing piece to the Ukraine puzzle: State Department’s overture to Rudy Giuliani
But there is a missing part of the story that the American public needs in order to assess what really happened: Giuliani’s contact with Zelensky adviser and attorney Andrei Yermak this summer was encouraged and facilitated by the U.S. State Department.
I think it is actually pretty clear what happened.
Biden was caught on tape bragging that he blackmailed Ukraine into dropping investigations into his son.
Trump has now said to Ukraine; “go ahead with investigations into Biden’s son.”
Hunter Biden’s dealings with the energy company Burisma were highly suspicious….probably illegalities and bribery involved.
i’M SICK OF MERE SLAPS ON THE WRIST! PUT SOME ON TRIAL AND IN JAIL, if found guilty. They were defrauding the public, while making their billions.
https://www.youtube.com/watch?v=n4eKJWBjYlw
Destroying America with open borders.
California Democrat CORRUPTION………Frank & Beanz
https://uncoverdc.com/2019/09/20/dark-to-light-victory-and-culture-grab/
WASHINGTON (AP) — The Federal Reserve will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks.
The New York Federal Reserve Bank, which handles the central bank’s interactions with financial markets, said Friday that it will offer daily repurchase, or “repo,” operations of at least $75 billion through Oct. 10. The aim is to maintain the Fed’s key policy rate within its target range.
For the first time since the 2008 financial crisis, the Fed this week conducted a series of major repo operations, injecting $278 billion into the market to deal with a jump in short-term interest rates.
Officials say this week’s spike in rates is not a precursor of the type of underlying troubles that preceded the 2008 market meltdown.
In addition to the daily overnight operations of $75 billion, the New York Fed said it would conduct longer 14-day repo operations of at least $30 billion on Tuesday, Thursday and Friday of next week.
The Fed said that it would be ready to conduct further operations as needed after Oct. 10 but the amount and timing of those auctions has not been determined.
In the fourth operation on Friday, banks asked for $75.55 billion in reserves, only slightly higher than the $75 billion limit set by the Fed.
The Fed began conducting these operations to calm money markets. Rates on short-term repo agreements had briefly spiked to nearly 10% earlier this week as financial firms scrambled to find short-term funding.
The Fed seeks to manage its operations to keep the repo rate near the target it has set for its key policy rate, the federal funds rate, the interest that banks charge each other for overnight borrowing.
Simplified explanation of repo rates, etc.
Banks Don’t Want Draghi’s Free Money as ECB Loans Fall Flat
By Piotr Skolimowski and Nicholas Comfort – September 19, 2019
“The European Central Bank’s latest offer of free cash to lenders attracted little interest on Thursday, in a sign of just how much liquidity is already sloshing around the financial system.”
“An offer for three-year loans — at a rate that starts at zero and could fall as low as the deposit rate, currently minus 0.5% — was taken up by 28 banks for a total of just 3.4 billion euros ($3.8 billion), well below predictions of 20-100 billion euros.”
There’s something wrong with the article from Bloomberg. It does not make sense as written.
I would borrow at a negative interest rate as much as I could every day of the week.
A negative interest rate means the loaner pays the borrower.
i.e. i.e. you get paid for taking the loan. Even if the money just sits in your bank until due to be paid back, you still make the “interest” paid to the borrower, while the cash just sitting in the bank is good collateral.
OFF TOPIC:
Trump on Iran….
https://www.youtube.com/watch?v=yvbvOYs9xIM