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Jorma

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Everything posted by Jorma

  1. I had to look it up too. https://www.reuters.com/business/fitch-says-possible-china-evergrande-default-may-have-broader-effects-2021-09-15/
  2. What we need is some good background music. https://www.youtube.com/watch?v=BX3bN5YeiQs&ab_channel=GoldenAppleāœ”
  3. What's the Covid situation in Poland Lee? They have had almost the exact same mortality rate as the US and their majority party is rightest with a large Trumpy fascist faction. Well I suppose it's easy to tune out local politics but the Covid situation is important. Even if the chance of getting really sick for the vaccinated is low it isn't zero. Is mask use common or is opposition to masks and vaccination a pretty big deal there?
  4. The market is like Secretariat around the far turn at Belmont.
  5. I would say the Fed's losing control of the long end is a big deal. I mean I think they don't want this. I am sure it will start to occur to people that if interest rates don't have anything to do with inflation then something isn't right. It does not compute. Not with the standard model. Well actually nobody really gives a shit. Now anyway.
  6. I'm headed out to the range right now. Deer, antelope, the whole 9 yards.
  7. http://creditbubblebulletin.blogspot.com/2021/07/weekly-commentary-beijing-flinches.html
  8. The Chinese market had a bad week Japan and HK too. An X factor to keep in the back of ones mind. They beauty of Friday is by the afternoon all that can be forgotten as everywhere else is closed.
  9. Also on the taper. I predict that no tapir will ever be seen in or near the Eccles Building.
  10. I see the Fed is going to open the repo window to others besides the PD's. " Counterparties for this facility will include primary dealers and will be expanded over time to include additional depository institutions." Is that new? I doubt it's significant unless hedge funds and Blackrock will be deemed depository institutions.
  11. Sorry about the extra i. It was early. Yep, Fed substantiation day. You're out of the woods You're out of the dark You're out of the night Step into the sun Step into the light
  12. A very ballpark guess on the infrastructure deal is that it will raise Treasury borrowing a couple hundred billion over the next calendar year, probably less. In this case nobody knows exactly, but exactly hardly matters when it's only a couple hundred billion. It's a freaking rounding error in the big picture, until taper. No, not that kind of taiper, which is endangered. So is Fed taper probably.
  13. I see an autographed Patrick Mahomes card sold for $4.3 million. I figure It should go for about $100 million by 2030.
  14. The vast scale of the infrastructure to replace even half of current oil energy with hydrogen is tens of trillions and it will require lots of oil to get there.
  15. I can make the case that US Treasuries are one of the worlds worst investments
  16. Sorry I missed this because I have the definitive one Hotter than a basket full of assholes
  17. Everything seems perfectly normal. We have a warm front moving into Michigan from the North for the 4th.
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