- advertisements -
Fed funds shld plunge here will aid in the PM magical recovery of the Spoos
Yup. Double Whammy's a beetch. What's a Fed boy to do?? :-)
Some days, it just doesn't pay to gnaw through the leather straps!
QE II proving that sequels always suck.
However, still waiting for breaking news: market 20 points off the lows.
@ 10:05 AM EDT
CNBC just flashed that all 30 DOW stocks are down and 99% of all NYSE stocks are down. Can you say panic selling? I wonder how hard the PPT is pushing in the other direction?
"I'll take everything you've got to sell. Just put me down to buy everything."
"All the stocks?"
Maybe the next move of the PTB is to let the market drift lower (the news has been bad enough that to do otherwise would increase their visibility) and allow the Republicans to win some midterms. This allows the sheeple an opportunity to believe that they are 'participating' and 'choosing' and keeps the game churning for another 6 months.
As you have noted a couple of times in the recent days, things seem to be coming to a head. They don't appear to have the answers on how to get everyone out of this mess (not that they would ever want to, but they do profit from keeping the system running). So, it seems like they might focus on stop-gap activities like mid-term elections, NFL season, etc. Buying themselves 6, 12, 18 months before the ultimate conclusion.
Le jeu, c'est fait
Generating commissions perhaps?
just lost a months gain today...
WTH were you doing sitting long by the beginning of this week?
I agree, it will be a long time before the Fed considers tightening. Doesn't this reduce the reserves though? If so it would appear that Ben is just making room for his "run-off" purchases. This should result in a net neutral reserve level. Not much here.
You won't see big losses in stocks. Even as the economy tanks. Part of the Double Whammy picture I've been talking about.
If you think about the ECB swap mentioned earlier, and then you see this.
It makes sense in that we have tightened here, loosened over there.
It's a tweak, yes, but it is how the game is played.
Naturally, the game doesn't end well for anyone but to a player, it's the game that matters.
That's kinda like a reverse mortgage right?
A repo is when the FED lends money to the bank and holds the MBS (or whatever) as security. The bank still gets all payments associated with the security and retains ownership.
A reverse repo is when the FED pushes a security onto a bank and is given cash (as a loan). It's nothing like a reverse mortgage except the roles reverse.
Note that repos and reverse-repos are not open-ended. There is a maturity date.
I thought the FED takes cash from money markets and other savings accounts in exchange for treasuries and toxic bilge and gives our savings to the banks to cover their liquidity problems.
This is basically money supply confiscation- handing it to their buddies. A lot like the gold confiscation act where the system has to take savings and inject it into the money supply to prevent liquidity stress and total asset meltdown.
It won't work...
DOW/SP500 daily charts are now bearish.
So the downtrend I first mentioned in early May this year, can now resume.
ahhh... the lost art of nothing while appearing to do something...
of a swiss replica watches a guerrilla insurgency; the firefight occurred after technomarine cruise after the collapse of the Taliban regime cheap prada bags regime in late 2001.Khadr's lawyers said he breitling windrider chronomat he was put through grueling conditions of gucci necklace of confinement, especially shortly after his capture gucci wallets for women capture in July 2002. In legal motions, replica gucci belt motions, the defense said Khadr had been omega chronograph been chained in painful stress positions for prada bags cheap for long periods of time, suffocated until zenith watches until he passed out, terrorized with barking cheap gucci wallet barking dogs and threatened that he would rolex perpetual would be tortured and raped in prison.Still, tag watch prison.Still, the military judge ruled before the replica gucci sunglasses the trial that Khadr's statements to interrogators replica hermes wallet interrogators could be used against him at gucci replicas at trial.Critics were unmoved by the plea
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.