Early openers adrift: Kiwis flat, Aussies -0.6%, Japan +0.1%, Sth Korea closed.
Gold is the only (marginally) up sector in the Aussie market, +0.1% with Energy -1.3% and REITS -1.1%.
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World Stock Markets Trading Discussion - Laminated liabilities
11 replies to this topic
Posted 04 October 2017 - 04:13 AM
A decisive down day for All Ords with the index finishing -0.8%. All sectors were down led by Utilities -2.5%, REITS -1.6% and Telecomms -1.2%.
On to UK/Europe:
Posted 04 October 2017 - 11:46 AM
With the Fed announcing their balance sheet reduction plan, What do you think the Fed's plans are for interest paid on excess reserves held at the Fed? Do see that program or at least the interest being reduced or eliminated? Seems as long as they pay interest, that is a form of QE. I would think those reserves would be the capital to invest in Treasuries since the Fed is backing away.
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Posted 04 October 2017 - 12:10 PM
Yep. I have written at length about that. It is definitely a form of easing, but it's too small to be material. As the Fed ratchets up to $50 billion a month in withdrawals, it will take a toll. See some of my recent pieces at http://suremoneyinvestor.com/
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Posted 04 October 2017 - 03:27 PM
It's hard for me to imagine the Fed will actually ever get to $50bn a month in sales. My head says they will but my gut says no. Of course I thought in late 07 and 08 before the plunge that Bernanke should be going home every night and curling up into a fetal position. There is no indication he was anything other than supremely confident.
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