Posted on 03/15/2020 2:12:17 PM PDT by billyboy15
Honestly, you think THIS is going to prevent the system from locking? The last 50 basis points were shit through like nothing.
The fear on these people stinks.
If people are not ready economically, it’s way too late for that.
“They should have done nothing.”
They are acting in-proportion to the level of panic some people on FR were pushing for.
So now they disagree with the action? Oh well!
That'll have a plus effect on the TP market. One would think TP consumption is proportional to population as the principle effect. More at home = less at the restaurant.
Most manufacturers offer zero interest loans. In the coming days and weeks you can bet ALL will.
Yep, I have my own personal “Carl’s, Jr./Hardee’s Inflation Index”...my benchmark “Santa Fe Chicken Sandwich” large combo is up from $7.89 to $12.25 over 10 years.
If the system locks, I think the US will effectively cease to exist as an ongoing concern. No money, no credit, no jobs. And a stash of gold is not going to help as much as people think.
So what’s your answer?
Does this send Deutche Bank down?
They just turned a two month issue into a two year issue. It’s going to take years to get this out of the system.
The ONLY good thing that could happen is if Munuchin re-finances the entire debt.
But soaking this slop back up is going to set up an inflationary fire.
He made some broad remarks about progress being made by his team, and then scooted away, off stage.... He as done that often at recent COVID press conferences. I think hes trying to distance himself from this mess. Let Pence take the heat. Probably a wise move. Trump looks really unhappy and angered by all this - that’s pretty obvious. We should be hearing from US Attorney Durham, about now, about FISA-gate - not this crap!!! The press is loving this “change of topic”!!
I'm a generalist, and not an expert in that! ;)
No kidding.
But we all have smart phones. And the bitching about student debt will sound like a whisper by the end of the week. Lol.
They are so leveraged it’s nuts. Were they able to move all their shitty debt to the fake company they set up?
The dollar is not the reserve currency because our interest rates are higher than some developed Nations.
my thoughts exactly...art of negotiation...
That's the funny thing.
Everybody has their own market basket of goods inflation that hits them. Different from most other's MBOG inflation.
And it changes month by month.
Not to speak of what might be happening to their assets/debts.
CNBC is live now. Powell statement upcoming I think.
The Dow opened down around $500 and gold is up $35.
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