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aussiebear

World Stock Markets Trading Discussion - Turbid trepidation

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w?s=%5EAORD&lang=en-AU&region=AU

 

A  brutal day for the recently cruising Aussie market.  All Ords closed -1% led down by Telecoms -4.3%, Gold -3.5% and Miners -2.3%.  IT was the only up sector, +0.1%.

Over in Asia, China -0.8%, Hong Kong -1.3%, Japan +0.4%, India currently +0.6%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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Uk Prime minister to make a speech to the nation at 11:15am but nobody will say what it is about...

FTSE fell 1%.. 

Possibilities 1. Set date for general election. 2. Declare war on Spain and France. 3. Declare BoJo is an alien. 4. Admit Trump grabbed her by the pussy.

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So the market turned on a dime at the 3 day cycle projection of 2349, but it snot over till the fat lady farts. There's still a 5 day cycle projection of 2355. Do I think it will get there. No, but it is what it is. 2345 looks like a key level here. Stay below that and bears could smash it. Above that, and the 2355 projection would still be in play. 

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where does the FED get the money to pay interest on the reserve holdings

in their attempt to raise rates?

 

it must come from the interest they're getting from the mortgage and

treasury securities on the balance sheet.

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Right. The Fed's surplus (aka profit) is shrinking. It is returning less cash to the US Treasury. If they keep rising IOER eventually the cash flow will turn negative. I haven't gotten my mind all the way around that thought yet. My head would explode. 

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Right. The Fed's surplus (aka profit) is shrinking. It is returning less cash to the US Treasury. If they keep rising IOER eventually the cash flow will turn negative. I haven't gotten my mind all the way around that thought yet. My head would explode. 

 Let me help  you out Lee. Raise IOER to 5%, oh hell, 10%.  Then just 'print' the interest payments. Well credit the banks.. Sure, they would not actually be buying securities but who would notice besides the banks and they wouldn't bitch.

 

 Is there anyone who is anyone who knows the Fed has to buy securities when it 'prints' money?  Does .1% of the populace know the Fed has assets, a balance sheet? What a balance sheet is? Who could stop them or would stop them if they did notice, and how?  The DOJ I suppose. Do they have standing?  Well as if any administration would bitch about giving banks billions. 

 

Just half kidding.

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