Amirite?
Wednesday, October 16, 2019
The new capitalism they say they want is the old capitalism run by Christian civilization, where doing unto others as you would have them do unto you was more important than money and "freedom"
And you can't impose it from the top. Populate business with actual Christians and you'll get it, but where will you find them anymore? They've been drummed out of society at every level.
Tuesday, October 15, 2019
Monday, October 14, 2019
The annual October report of W-2 payrolls is out and shows NO JOBS BOOM under Trump, just mediocrity
Trump is merely Bush-league.
Payroll creation in this cycle peaked under Obama in 2016 at 227,159 per month.
Payroll creation in this cycle peaked under Obama in 2016 at 227,159 per month.
Matt Taibbi: "The people pushing hardest for Trump’s early removal are more dangerous than Trump"
My discomfort in the last few years, first with Russiagate and now with
Ukrainegate and impeachment, stems from the belief that the people
pushing hardest for Trump’s early removal are more dangerous than Trump.
Many Americans don’t see this because they’re not used to waking up in a
country where you’re not sure who the president will be by nightfall.
They don’t understand that this predicament is worse than having a bad
president.
Read it all here.
Whistleblower is connected to Joe Biden
The 2020 Democratic candidate with whom the CIA whistleblower had a "professional" tie is Joe Biden, according to intelligence officers and former White House officials.
More here.
Sunday, October 13, 2019
I don't think I've ever seen Jeff Snider shake his damn head: Tbills are the very best collateral in repo and the Fed has decided to lock them up
This is going to be highly . . . educational, but the Fed will still flunk out in the end.
When aiming your gun at the ground, make sure your foot is not in the way when you pull the trigger.
Welcome back to the same stupid shit: Quantitative Easing, Round IV, with a half twist back flip
The long-promised balance sheet unwind stopped in early September, never getting it even remotely close to pre-Great Financial Crisis levels. Maturing securities then began to be used to purchase more of the same again, increasing the balance sheet, as plainly shown in the graph.
Now that will get even worse as the Fed begins buying $60 billion a month outright in new Treasury securities on top of this reinvesting of maturing securities. The Fed claims this is not QE because they're only going to buy Treasury Bills, not longer dated Notes. Money market rates, where many investors had parked lots of cash to take advantage of better returns than they could get on long dated securities, have already fallen. Now there will be no place left to get any decent return without tying up your money for ten years paying 1.76% and thirty years just 2.22%.
Thanks for nothing Trump!
The FOMC voted unanimously to begin to purchase Treasury bills at an
initial pace of about $60 billion per month starting Tuesday. The
purchases will last at least into the second quarter of next year.
Read more here.
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