FED'S ROSENGREN: FED NEEDS TO BROADEN WHAT ASSETS IT CAN BUY
lol uh oh
FED'S ROSENGREN: FED NEEDS TO BROADEN WHAT ASSETS IT CAN BUY
lol uh oh
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
The government of the United States has so little faith in the ability of the economy to adapt and compete.Originally Posted by sonatine
It’s like a new, over-intrusive parent that hovers over their first toddler as he learns to walk. By the second kid you learn toddlers bounce pretty good
The Fed unlike the new parents will not learn. The economy is gonna be in therapy for years after the Obama Trump years.
It’s too late. That’s the Bridgewater message
Druff is pretty typical of folk who confused the world economy with the stock market. Trump counts on their votes.
If the economy is so robust why all the central bank intervention?
Today, you ask why is oil so pathetic?
Are people still gambling in Vegas and Macau?
In Vegas, they are cancelling conventions, airplanes are flying there half full. The hotels are still over-charging with resort fees and now you may have a chance getting coronavirus.
Macau may be in trouble too.
Far less gamblers and visitors.
Most of China is still quarantined because of coronavirus.
Flu season is almost over.
Vegas will be back to 90-100 degree weather in about a month.
But will gamblers return or just stay home?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
second Friday in a row we get a huge bounce on Friday...
2900 to 2984 (at the top) in the last 50 minutes...3%...
so fucking strange...
I have contacts in Greenwich. They are saying to buy, so i’m buying.
This is a very PFA post
EXCUSE ME
EXCUSE ME I WANT TO SPEAK TO A MANAGER
EXCUSE ME
YES HELLO HOW DO I PROFIT OFF THIS:
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
h/t zerohedge:
VIX ramped as a major Chicago market maker was caught in the infamous gamma short squeeze, which forced them to keep buying the VIX as the VIX soared, in the process ending the VIX even higher, only to get margin called out of their position by their clearing firm, puking their entire position while liquidating anything they could, and unleashing the VIX selling avalanche and the 700 Dow point rally.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
In fairnessEXCUSE ME
EXCUSE ME I WANT TO SPEAK TO A MANAGER
EXCUSE ME
YES HELLO HOW DO I PROFIT OFF THIS:
Druff tells me Barney Frank shoulders much of the blame for 2008
Solid otherwise.
am I the only sick fuck who would like to be in the room to see this going down in real time?
h/t zerohedge:
VIX ramped as a major Chicago market maker was caught in the infamous gamma short squeeze, which forced them to keep buying the VIX as the VIX soared, in the process ending the VIX even higher, only to get margin called out of their position by their clearing firm, puking their entire position while liquidating anything they could, and unleashing the VIX selling avalanche and the 700 Dow point rally.
I get your point RE: needing to cast a wide net on the root cause for “2008”, it’s not unfair. But if we being honest here if they built a housing collapse Mt. Rushmore he’d be deservedly a prime candidate. I don’t think it’s out of bounds saying he’s a symbolic figurehead of liberal housing policies of that era.In fairnessEXCUSE ME
EXCUSE ME I WANT TO SPEAK TO A MANAGER
EXCUSE ME
YES HELLO HOW DO I PROFIT OFF THIS:
Druff tells me Barney Frank shoulders much of the blame for 2008
Solid otherwise.
The fact that his name is on the supposed cure to the problem is a total joke.
wait, let me get this straight. you’re actually telling me that republican deregulation paired with GWB era american dream (everyone ought to own a home) malarkey wasn’t primarily responsible for the financial crisis? nap time boomer.I get your point RE: needing to cast a wide net on the root cause for “2008”, it’s not unfair. But if we being honest here if they built a housing collapse Mt. Rushmore he’d be deservedly a prime candidate. I don’t think it’s out of bounds saying he’s a symbolic figurehead of liberal housing policies of that era.
The fact that his name is on the supposed cure to the problem is a total joke.
wait, let me get this straight. you’re actually telling me that republican deregulation paired with GWB era american dream (everyone ought to own a home) malarkey wasn’t primarily responsible for the financial crisis? nap time boomer.
The legislation forcing people to write sub-prime mortgages was passed during the Clinton administration not the GWB admin. At least get the basic facts straight if you want to talk to the adults here.
Are we gonna ignore the “financial modernization act” of 1999 which repealed glass-steagal and laid the groundwork for deregulation of wall st?? fkn moron
like how much of a simpleton do you have to be to think subprime mortgages in isolation were responsible for bringing the global financial system to its knees
Get em Krypt. Bush was a real asshole when he signed that into law.
That’s rather strong.
The legislation forcing people to write sub-prime mortgages was passed during the Clinton administration not the GWB admin. At least get the basic facts straight if you want to talk to the adults here.
I choose to remember an unquenchable thirst for the product and the yield they brought. This was after Greenspan lowered rates to 1% or some such shit. It was a period much like we are in. There is enormous liquidity looking for yield. Sonatine’s pension fund for instance.
You could have told some funds Louie Renieri’s child was toxic and would blow up but they might still have bought. Lust baby.
Now the ratings agencies were a little less then truthful when they graded the crap. Aaa
Those that held the crap lied to themselves using tricks like measuring “risk weighted assets” using backward looking data.
For ex: losses are smaller than we expected - let’s readjust Risk. (Losses were small cause your Gardner who had a million dollar house could refinance his appreciating asset.)
When your Gardner’s LA house finally failed to appreciate and he couldn’t refinance... well that was the end
It was a collection of sins and omissions brought about by the lust for ANY_KIND_OF_YIELD.
lots and lots of folks were on the grift.
People want a scape goat. It’s easy to digest. It is never really one person.
Again, we’re not debating Clinton’s role in the eventual crisis. You specifically placed Frank on your shit mountain of a complex topic you have no comprehension of
The only thing up for debate is your reading comprehension
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