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Apparently you have Biden and Trump confused. But how is this possible?

I don't suppose it's occurred to you that getting caught red handed with stolen goods tends to be "defaming". Of course getting indicted is also defaming, and getting convicted and hauled to jail is even more defaming. It seems Donald may have a lot more defaming to look forward to. You...

Our former JACKASS President is such a loser! What an embarrassment he was. And how gracious she was to put up with him.

Friedman said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." But notice what he did not say! He did not say, "a more rapid increase in the quantity money than in...

see the link in Post#3 above. Choose the funds rate vs Treasury yield tab.

Unfortunately my abilities do not extend to helping you interpret charts. The one you want though is the Chart of fed funds rate and Treasury yields from 1970 forward. On March 15, 2020, the Fed announced it had reduced the reserve requirement ratio to zero effective March 26, 2020. As of...

Did you look at the chart??? By the way, consistent with other Western nations, Canada, Australia, etc., the fed dropped the reserve requirement sometime back. (Doesn't mean banks don't need reserves!)

I don't recall your recommending that book to me specifically, but I'll take your word for it. You've now shamed me into buying it. Twenty-two bucks gone! Arriving Sept 20. The last book I ordered on an ET recommendation was Sayler's book on bitcoin. I read much of it before throwing it into...

If I could give this a double like I would. The Funds rate vs Treasury yield chart is very instructive as to what happens under QE and when the Fed started paying interest on reserves vs the old regime where the funds rate could spike toward infinity if banks had no excess reserves to lend to...

Yes. I really do think that. Your quote of Elder made me laugh, and I guess that's the intended effect. Calling student loan forgiveness "reparations for rich white people..." is catchy and funny. It brings the desired smile as a response, even though it seems the "rich" won't qualify...

S&P was categorically wrong in doing that. And that's why the downgrade, which was not only poorly reasoned but also silly, had no effect once the smoke cleared. Even Congress can not force the Treasury to default on bonds without violating the Constitution. They just pretend during the...

good guess!

Sometimes one reads something so nutty, so devoid of logic, so off the wall that it takes one's breath way.; leaves one speechless. Let me take a moment to gather my composure. There now, I've gathered it. Now tell me, what was Donald Trump's purpose in stealing top secret documents and...

Congress makes the rules. The IRS enforces them to the best of their ability -- are we asking too much of the IRS considering the tax code we are asking them to enforce is 72,000 pages long? If Congress does not want forgiven student loans to be treated as income, after all much did not end in...

I would disagree of course. Because if you ignore the difference between inside and outside money, you end up making two mistakes : 1) Attributing "Money Printing to QE" when actual money printing occurs when the C.B. covers a net overdraft in the Treasury's reserve account. And it is the...

This thread reminds me of the regulatory inconsistencies we have created in the U.S. Like other highly regulated markets, think medical care!, some of the U.S. financial markets seem rife with opportunity for regulatory capture and rent seeking. This is not desirable, unless you are on the...

This makes zero sense to me. 1) You must not be a U.S. citizen, and therefore unaware that trading CFDs is illegal for U.S. citizens; 2) CFDs don't pay dividends because they are a derivative!, i.e., contracts for difference. When you are long a CFD you do not own the underlying equity. You...

what platform are you using?

You've succeeded in making something simple, simpler than possible.

I did not know that. I know the ECB was charging Banks a fee to hold excess reserves, hence negative interest, but I had always assumed retail loan rates had remained non-zero and positive -- there is really no other option unless loans are State subsidized. This zero mortgage rate business...