Hehe, I know, I know. But it is a fun thought. Unless, S2000, you can figure out where Powell lives and hangs out. Night before the decision day, you could slip him a mickey and put a pre-programmed clone in his place, to say "Rate remains unchanged. End of line." In a real monotone voice, of course, like a robot, for added effect.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Hehe, I know, I know. But it is a fun thought. Unless, S2000, you can figure out where Powell lives and hangs out. Night before the decision day, you could slip him a mickey and put a pre-programmed clone in his place, to say "Rate remains unchanged. End of line." In a real monotone voice, of course, like a robot, for added effect.
Mr President didn't like the words of yesterday's fed speaker and once again he wants to "call an end to tight policy" , wow. This is "tight policy" sheesh. I'm worried now. This probably bumped up the chances of a 50 basis point cut but still not happening. Keep wishing and hoping.
Trump wades into debate over controversial Fed speech Thursday, calls for end to tight policy
President Donald Trump weighed into a simmering debate over the Federal Reserve interest rate policy, saying Friday that the central bank needs to end its “crazy” tightening moves.
https://www.cnbc.com/2019/07/19/tru...h-thursday-calls-for-end-to-tight-policy.html
Market looks set to throw a tantrum, because it may not get 0.50% cut.
It ain't gonna' get one.
Nobody gives a fuck about 50 bps, won't change shit... Monetary conditions are extremely loose, anybody can get loans, what is the difference between a 25 or 50 cut ? Nothing... 50 bps cut crashes banking and insurance, 25 bps keeps Federal funds from exploding
The problem today is Big trouble in lil china, US Debt denominated bond just took it in the teeths, and those loans are from Big Euro and North American banks through offshore entities
https://www.wsj.com/articles/chines...is-deepens-bonds-plunge-11563536808?mod=rsswn
https://www.maritime-executive.com/article/study-hidden-chinese-loans-may-sow-seeds-of-debt-crisis
https://www.bloomberg.com/news/arti...et-warns-of-traps-in-china-s-junk-bond-market
https://www.zerohedge.com/news/2019-07-19/something-just-broke-china-repo-rate-soars-1000-overnight
A large Chinese conglomerate fell deeper into a debt crisis, after it said it won’t repay $500 million in U.S. dollar bonds coming due next month.
Cash-strapped China Minsheng Investment Group said on Friday it will not be able to repay the principal amount or interest on the three-year bonds that mature on Aug. 2, marking one of the largest Chinese defaults on a U.S. dollar bond this year.
The unrated bonds, which carry a 3.8% coupon, were issued by an offshore subsidiary called Boom Up Investments. On Friday, they lost nearly a third of their value to trade at 50 cents on the dollar, according to a Hong Kong-based trader, indicating a very high likelihood of default.
I don't care what it means, period. But the markets care, and that they are not getting one is hitting the markets HARD since 2PM ET. So some folks do seem to GAF.
You think algo's going mama's is cause Fed won't cut 50 bps in two weeks ? And not cause a Fixed Credit landmine that just blew up
Drop in the bucket. Just a flesh wound.
Nothing can stop the global recession from progressing, no rate cuts or QE, nothing stops it... Only TARP and debt jubilee stops a debt crisis and credit contraction of this magnitude, and the crisis has to happen for the Fed to erase the bad loans and defaults, china Japan and Europe already doing Debt jubilee, massive money injections, and they can barely slow it down. This global credit crisis is inevitable... Understand me ? Catching my drift ?
You vanzandt and the older og's might like this throwback clip
Heh, just yesterday I caught the last part of that film on a channel.
Get busy living, or get busy dying.