fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 6 minutes ago, Jorma said: For your social distancing needs I still propose Arthur County Nebraska. Population 460. ... and then you get killed by a wolf pack overthere! Link to comment Share on other sites More sharing options...
Jorma Posted March 23, 2020 Report Share Posted March 23, 2020 20 minutes ago, fxfox said: ... and then you get killed by a wolf pack overthere! No wolves. No stores either. Better picture however. https://ibb.co/XVZcppG (note on this as if anyone cares. This was the day of the total solar eclipse, 8/21/17. It did mark a sort of low that was not exceeded till the December 18 plunge, and now. I imply nothing with this observation) Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 Hard core assult on bears right now going on. S&P at 2340. Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 DAX 8900 Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 Wow! That's atomic war on the bears! 2370 now! Can't imagine that this will be completely reversed once cash opens. Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 2380 DAX 9010 Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 23, 2020 Report Share Posted March 23, 2020 Fed announces unlimited QE. The Federal Reserve just pledged asset purchases with no limit to support markets Federal Reserve announces extensive new measures to support the economy. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 This all in gamble better work. Because if it doesn't, there's nothing else. I said a couple weeks ago that the Fed would end up owning everything. Now it appears that that's no pipedream. The question is what it will be worth when no one wants to buy it back and there's no market. Link to comment Share on other sites More sharing options...
sandy beach Posted March 23, 2020 Report Share Posted March 23, 2020 "There won't be any excess deaths. We are just pulling deaths forward that would have already occurred." The world is mad. Stay safe! Link to comment Share on other sites More sharing options...
Jorma Posted March 23, 2020 Report Share Posted March 23, 2020 There is still the problem of the Fed soaking up all the best assets. Well that 'best' becomes ever more relative as time goes on. Or to put it in Stoolie terms, which is the best poop. I suppose the Fed and the Primary Dealers are going to have to spiff up the mechanisms of Open Market Operations so the Fed can buy the newly issued Treasuries from the dealers on the same day. The Treasury should just sell one or two hundred billion of new paper this week to get the ball rolling. Then send out the damn checks They have $300bn in the account now. Show us the money Mnuchin. Link to comment Share on other sites More sharing options...
SiP Posted March 23, 2020 Report Share Posted March 23, 2020 Federal Reserve announces extensive new measures to support the economy https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 LEE'S FREE THINKING Beldar Fed to Consume Mass Quantities! It Better Work by Lee Adler • March 23, 2020 • 0 Comments We knew this was coming. The Fed has to finance the $2 trillion econonmic rescue borrowing. The market can’t do it. So the Fed must print the money to buy it. This all in gamble better work. Because if it doesn’t… Check this out. Link to comment Share on other sites More sharing options...
sandy beach Posted March 23, 2020 Report Share Posted March 23, 2020 I guess we're all buying stocks now. Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 Let's face it: It will stick. More or less. Like in 2009. They have to rescue the 401k's, otherwise a whole American generation dies a cruel financial death. Link to comment Share on other sites More sharing options...
Jorma Posted March 23, 2020 Report Share Posted March 23, 2020 Keeping an eye on ZN or whatever surrogate you choose for Treasury coupons. On the offhand chance that the end of this credit cycle and perhaps larger ones, will be seen live. It could still be 2, 5, 10 or 20 years away mind you. Link to comment Share on other sites More sharing options...
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