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nec209

US government injecting billions into the market

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🤞

21 hours ago, J.C.MacSwell said:

I'm saying whoever gets in power next year will be put in a much harder place with regards to the economy than what Trump inherited in 2016.

Would you dispute that?

Why would we?

22 hours ago, dimreepr said:

GDP is like working out your speed by looking at your fuel gauge.

We need a full dashboard to understand where we are: and why we need to bake brake.

Quote

Would you dispute that?

 

12 hours ago, Endy0816 said:

They are talking about this:

https://en.m.wikipedia.org/wiki/Repurchase_agreement

 

This article talks about current events:

https://www.bankrate.com/banking/federal-reserve/why-the-fed-pumps-billions-into-repo-market/

Its hard to follow honestly but basically things are fine.

hard to follow is what they want: things are fine.😁🤞

Edited by dimreepr

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1 hour ago, dimreepr said:

🤞

Why would we?

We need a full dashboard to understand where we are: and why we need to bake brake.

 

hard to follow is what they want: things are fine.😁🤞

Worse case the dollar is replaced and we declare the debt null and void.

Little is all that worrying in the grand scheme of things.

 

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2 minutes ago, Endy0816 said:

Worse case the dollar is replaced and we declare the debt null and void.

is it though?

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I always feel like I'm in an Arizona Iced Tea commercial where I've climbed a mountain and begun speaking with an old hippie sitting legs crossed at the top each time Dim is in a thread...

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Worse case: the hippie is right...

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19 hours ago, Endy0816 said:

They are talking about this:

https://en.m.wikipedia.org/wiki/Repurchase_agreement

 

This article talks about current events:

https://www.bankrate.com/banking/federal-reserve/why-the-fed-pumps-billions-into-repo-market/

Its hard to follow honestly but basically things are fine.

You’ve probably heard some talk about an obscure, technical glitch that’s left Wall Street banks, investors and the Fed itself on edge since Sept. 16. Perhaps you’ve also seen some of the blaring headlines about the Fed intervening and injecting hundreds of billions of dollars into the financial system, a first since the financial crisis.
 

well it does not say why they are on edge the banks, investors and financial system other than they need money from the feds.

some one was telling me about the high corporate debt not sure if that the reason or not.

5 hours ago, Endy0816 said:

Worse case the dollar is replaced and we declare the debt null and void.

Little is all that worrying in the grand scheme of things.

 

And move where? To the pound? Mexican peso? The Euro?

 

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18 minutes ago, nec209 said:

some one was telling me about the high corporate debt not sure if that the reason or not.

no

18 minutes ago, nec209 said:

And move where? To the pound? Mexican peso? The Euro?

Crypto, probably

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5 hours ago, iNow said:

I always feel like I'm in an Arizona Iced Tea commercial where I've climbed a mountain and begun speaking with an old hippie sitting legs crossed at the top each time Dim is in a thread...

Well, probably doesn't help that Arizona Beverage Company is in New York. I am pretty sure it is an allegory of sorts for something. But then, maybe not.

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1 hour ago, nec209 said:

And move where? To the pound? Mexican peso? The Euro?

They would probably role out a new currency altogether. One purely digital would provide some nice options. Demand for the US dollar is still high though.

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14 hours ago, Endy0816 said:

They would probably role out a new currency altogether.

Eggs?

21 hours ago, Endy0816 said:

Little is all that worrying in the grand scheme of things.

Indeed, until the grand scheme of things needs worrying about.

A promise has little nutritional value.

An economy is like a gyroscope, it will self right, but it has to spin...

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9 hours ago, dimreepr said:

Eggs?

Indeed, until the grand scheme of things needs worrying about.

A promise has little nutritional value.

An economy is like a gyroscope, it will self right, but it has to spin...

hmm... not the best at storing value but at least you could eat them in a pinch.

 

I imagine it proceeding as a modernized version of what happened with Germany.

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic#Stabilization

A dynamic currency whose value can be varied based on location would be my own preference, but who knows what might be thought up.

You wouldn't do this on a whim but we've certainly seen interesting maneuvers even in our own lifetimes. Greece's haircut and India's bill demonetization spring readily to mind.

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10 hours ago, Endy0816 said:

hmm... not the best at storing value but at least you could eat them in a pinch.

Thats the point, value is dynamic until youre starving.

a horse a horse my kingdom for a horse, burger... 😍

Edited by dimreepr

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10 hours ago, Endy0816 said:

A dynamic currency whose value can be varied based on location would be my own preference, but who knows what might be thought up.

You wouldn't do this on a whim but we've certainly seen interesting maneuvers even in our own lifetimes. Greece's haircut and India's bill demonetization spring readily to mind.

We certainly need a new economic model going forward.

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45 minutes ago, J.C.MacSwell said:

Maybe tulip bulbs...they keep longer than eggs

Only if stored in a bubble  ;)

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On 2/12/2020 at 2:09 PM, dimreepr said:

We certainly need a new economic model going forward.

This planet needs wiseness.. so far everything here is based on greediness...

 

Edited by Sensei

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This kinda of explains it.

The “repo” move, comes a day after market turmoil in which rates spiked at record levels and worries grew that the Fed was losing control of its benchmark rate. The repo markets serve as short-term plumbing that runs the financial market’s operating systems. In extreme cases, breakdowns can lead to financial crises such as the one that engulfed Wall Street in 2008 when overnight lending dried up between big Wall Street institutions.

https://www.cnbc.com/2019/09/17/fed-to-conduct-technical-repo-operation-tuesday-to-keep-its-benchmark-rate-where-it-wants-it.html

 

https://www.msn.com/en-us/video/viral/fed-to-conduct-repo-operation-again-tomorrow-will-inject-up-to-dollar75b-into-money-markets/vp-AAHrsj3

 

 

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