It explains the trade the past 2 sessions. Nothing like floating a rumor to help your position.
What's this rumor that the Fed will buy $1 trillion in US bonds before midterm elec.
- Thread starter bond_trad3r
- Start date
Quote from toc:
Half of the $11T debt of the US is owned by Fed Reserve Banking system itself and another 2T is owned by institutions, funds and public.
Soon it will not be an issue of issuing debt but the term will change to printing bills. 'US to print $1T in currency before mid-term elections'.
Like Donald Trump said yesterday: US has to do something about the trade deficit with China and OPEC. Nearly $500B savings there if applied with right mind. Another $500B can come from defense cuts, other government spending cuts, some tax incentives etc.
With $1T in savings a year, US can be debt free in 2-3 decades. Wonder how much 'newly printed bills' go towards servicing the debt every month.
If I ran the country, our deficits would be erased in shorter than "decades".
I'm of the school, "provide for yourself or perish".... like it was in America's early days.
America does not benefit from tit-sucking parasites. The more of them there are, the more they damage the country. Nobody is "owed a living".
That's for 26 billion. Where is the remaning 974 billion that's being reported?
Sept. 14 (Bloomberg) -- Stocks rose for a fifth day, the longest streak for the Standard & Poorâs 500 Index since July, while gold surged to a record and Treasuries gained on speculation the Federal Reserve will purchase as much as $1 trillion in bonds to bolster the economy...
and keep the lies going. we are way beyond greece by now
Does it really matter?