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I am Yellen at the top of my lungs ........


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#1 trioderob

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Posted 21 November 2017 - 10:04 AM

what do you guys think the effect of Fed Chairwomen Yellen resigning today will be ???



#2 OEXCHAOS

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Posted 21 November 2017 - 11:23 AM

I would hope it would be ST negative, but the market doesn't seem to care what I would hope! LOL!


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#3 Data

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Posted 21 November 2017 - 11:56 AM

Isn't the prevailing cynicism of the long-held view that outgoing chairmen tend to goose the markets up till the day they leave?  Volcker.  Greenspan.  Bernanke.

 

Anybody else notice that the Fed is not letting securities roll off the balance sheet.   When you parse the last statement, it's clear that they meant to renew all security holding of a given size.   Since almost all securities exceed the stipulated size, virtually all of them will be rolled over.  Even if they double the amount to $12 B and $8B, respectively for UST and MBS, there is very little rolling off for another five years.


Edited by Data, 21 November 2017 - 11:59 AM.


#4 MaryAM

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Posted 21 November 2017 - 12:16 PM

If you wonder where the money is coming from that is juicing the stock market look no farther

https://fred.stlouis...org/series/MBST



#5 da_cheif

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Posted 21 November 2017 - 12:37 PM

If you wonder where the money is coming from that is juicing the stock market look no farther

https://fred.stlouis...org/series/MBST

the money came in  in 09......notice the huge volume then....now its goin up on lite volume......money isnt juicing the market.....its the lack of sellers j6p distrusts the market.....massive nose bleeds

http://www.siliconin...407c3ee410a.png



#6 fib_1618

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Posted 21 November 2017 - 01:06 PM

what do you guys think the effect of Fed Chairwomen Yellen resigning today will be ???

 

It means absolutely nothing...Keynesian Economics will continue with or without her.

 

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#7 MaryAM

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Posted 22 November 2017 - 07:03 AM

 

what do you guys think the effect of Fed Chairwomen Yellen resigning today will be ???

 

It means absolutely nothing...Keynesian Economics will continue with or without her.

 

Fib

 

Good, then it will continue without the FED and the FED dollar - and we will get a new "dollar" defined somehow.  There have been three "dollars" in the last 100 or so years - and only the gold and silver backed dollar was really worth anything.   Fiat currencies in the history of the world typically survive on average about 35 years in advanced economies - one lasted almost 70 years under the Roman Empire until it was no longer accepted in trade.   The point that needs to be made is that no central bank or country in the history of the world had ever purchased this much PRIVATE debt with "new" money.  I cannot see this ending well nor do I see anyway they can unwind the MBS positions - who in the heck would want that paper garbage.  



#8 da_cheif

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Posted 22 November 2017 - 08:00 AM

>who in the heck would want that paper garbage. <......so how do you pay for what you eat?



#9 fib_1618

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Posted 22 November 2017 - 09:01 AM

>who in the heck would want that paper garbage. <......so how do you pay for what you eat?

No less...live.

 

Fib


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#10 NAV

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Posted 22 November 2017 - 09:14 AM

 

>who in the heck would want that paper garbage. <......so how do you pay for what you eat?

No less...live.

 

Fib

 

 

She is referring to the MBS as paper garbage, not the dollar. 


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