Posted on 03/31/2015 7:59:48 PM PDT by concernedcitizen76
i’m in cash in my 401k and not contributing any longer. i’m long cash as i can be as a united states serf.
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This guy is like John Dean. He never goes away.
Why would the Fed be putting money into the overnight market?
“Add six years. 2015.”
David Stockman: There’s really no magic numbers here, but it’s remarkable that these central bank driven bubbles tend to peak after about six years. The dot com bubble started really in mid-1994 with the famous Netscape IPO. It crashed in March 2000, six years. The housing bubble roughly started in 2002. It totally crashed in 2008. Six years. The meltdown on Wall Street bottomed in March 2009. Add six years. 2015. I think we’re at the end of this bubble simply based on the fact that they can’t expand forever. They reach an asymptotic peak, and then confidence is lost, a catalyst occurs, a black swan appears, the selling begins, and there’s nothing under this market. There is no safety net under this market.
1. Welcome to FreeRepublic.
2. Thanks for posting an interesting article.
3. Thanks *especially* for posting it in full.
Federal Funds Rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight.
The federal funds rate is generally only applicable to the most creditworthy institutions when they borrow and lend overnight funds to each other.
The federal funds rate is one of the most influential interest rates in the U.S. economy, since it affects monetary and financial conditions, which in turn have a bearing on key aspects of the broad economy including employment, growth and inflation.
I know, so why did he say the Fed was doing it?
Stockman is so rigt . We are near a run on the banks and a complete collapse in the stockmarket bloated on printed money. If you are in this market — get the hell out and get into land and bullets.
It’s traders from the big institutions who are borrowing at the overnight rate of 5 basis points from the Fed and then plowing the borrowed money into other debt instruments for big gains risk free.
This guy is like John Dean. He never goes away.
How much is the Fed lending overnight? Link?
thx cash out
Wrap it up and shut it down.
I fail to understand what good cash will be when we have notes similar to Zimbabwe.
I understand precious metals for the long haul; but for the short to mid, cash won’t buy anyone much in a collapse. I can get FAR more for a Bic lighter or a can of spam in trade before a U.S. dollar. Better to spend greenbacks now on “beans and bullets” and metals for after the collapse.
Fuel is valuable.
Have you ever noticed that David Stockman is never around at the same time as Paul Craig Roberts?
Coincidence? I think not.
Bernanke, and now Yellen, have kept the the key overnight fed funds rate near zero to encourage large financial institutions to take nearly interest free loans and put the money into bonds or stocks. This has kept the debt expansion going and drives speculation in the stock market. All to good for fiend Obama. Obama enriched the 1% and .1% spectacularly. Their money feeds his campaigns, his pockets, and other lib pockets. On the flip side, enrichment of elites feeds class warfare, Obama’s stock in trade. It also gives Obama a battle cry to use in attacking the 1% and harping on middle class social justice and the rest of the Marxist talking points.
Yes, I know. So how much are they lending overnight? Link?
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