Jump to content

The Potato Garden


Guest

Recommended Posts

  • Replies 478
  • Created
  • Last Reply
The rapid decline in interest rates and inflation since that time raised the value of financial assets and created a capital gains orgy.  Favorable tax policy has kept the game going even though the prime drivers of rates and inflation are not doing their part any longer.  

It would be a good bet that the next change in capital gains taxation will be an increase. And in the case of a new administration, sooner rather than later.

 

So what's an investor to do? Sell now, before the crunch.

Link to comment
Share on other sites

A little jam for your toast:

 

Temporary Open Market Operations

 

Temporary Open Market Operations for October 22, 2003

 

Delivery date: Wednesday, October 22, 2003

Maturity date: Thursday, October 23, 2003

The Desk has entered the market announcing: O/N RP 1

 

 

Treasury

Collateral

Operation Agency

Collateral

Operation Mortgage-Backed

Collateral

Operation

Weighted Average Rate

.942 .996 N/A

Stop Out Rate (Lowest Rate Accepted) .940 .990 N/A

Highest Rate Submitted .970 1.010 .990

Lowest Rate Submitted .900 .940 .950

Total Propostions Submitted (in $bil.) 8.750 4.250 3.700

Total Propositions Accepted (in $bil.) 5.034 .466 .000

 

Total Money Value of Operation (in $bil.) 5.5

 

That's a $1.5B add.

Big expiration ($15.5B) tomorrow. Looks like the repo cavalry may yet ride to the rescue.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...