DrStool Posted February 19, 2021 Author Report Share Posted February 19, 2021 Bulls gotta hold it right here, or it's over for them. Link to comment Share on other sites More sharing options...
Jorma Posted February 19, 2021 Report Share Posted February 19, 2021 3 minutes ago, DrStool said: Bulls gotta hold it right here, or it's over for them. Yea, well who says? *Trying to be a real American. After 69 years just as well give it a try. Link to comment Share on other sites More sharing options...
DrStool Posted February 19, 2021 Author Report Share Posted February 19, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted February 19, 2021 Author Report Share Posted February 19, 2021 DeSantis has ordered flags in FL to be flown at half staff for Limbaugh. What is wrong with these people. Celebrating hatemongers. Our society is sick to the core. Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 19, 2021 Report Share Posted February 19, 2021 As seen on Twitter/ Liquidity Trader retweeted........ "I have never wished a man dead, but I have read some obituaries with great pleasure." Mark Twain. Link to comment Share on other sites More sharing options...
Jorma Posted February 20, 2021 Report Share Posted February 20, 2021 There is no way they will allow this thing to deflate. If the PD's or bigger players are in trouble then I think we are at the point where the Fed and all the institutions will cheat. Go off balance sheet. How? I've got no clue. Face it. the Feds balance sheet is a joke. A polite fiction. The principal will never be settled. The debt isn't debt. The assets aren't assets. Nobody cares. On the other hand they can't stop pretending that the books mean anything. It that pretense which is poisonings social relations but nobody knows it. It's the social political breakdown which would crash it all. Random musings of an old man. One who is rarely mad, like some others. Link to comment Share on other sites More sharing options...
DrStool Posted February 20, 2021 Author Report Share Posted February 20, 2021 4 hours ago, Jorma said: There is no way they will allow this thing to deflate. If the PD's or bigger players are in trouble then I think we are at the point where the Fed and all the institutions will cheat. Go off balance sheet. How? I've got no clue. Face it. the Feds balance sheet is a joke. A polite fiction. The principal will never be settled. The debt isn't debt. The assets aren't assets. Nobody cares. On the other hand they can't stop pretending that the books mean anything. It that pretense which is poisonings social relations but nobody knows it. It's the social political breakdown which would crash it all. Random musings of an old man. One who is rarely mad, like some others. I don't agree. I have no problem with the Fed's balance sheet. It's internally consistent, and consistent with external data. The Fed doesn't try to hide that much. They do what they do out in the open, although they spew a mountain of BS to obfuscate and misdirect. Few understand it, and the Wall Street insiders that do, who are mostly confined to the dealers themselves, also obfuscate and misdirect. I agree that the Fed will need to intervene in size again very soon. It will do so out in the open. A couple trillion here, a couple trillion there. Nobody flinches. Trillions? A pittance. Question is whether it will work again. The Fed has attempted to corner the Treasury market, and everybody acts like it's a normal market. But it's not, and the Fed is still not doing enough to keep bond prices stable. Link to comment Share on other sites More sharing options...
Jorma Posted February 21, 2021 Report Share Posted February 21, 2021 I always make the mistake of thinking they know what they are doing. I mean $139bn of coupons on 3/1. WTF? So goose the short end this week and bury the long stuff the next? https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm Link to comment Share on other sites More sharing options...
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