by Summary:
Fed adds 2 new repo facilities, but one is for foreigners. Selling dollars?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Fed adds 2 new repo facilities, but one is for foreigners. Selling dollars?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| Fed adds 2 new repo facilities, but one is for foreigners. Selling dollars? |
Thanks for getting this out so fast Mike!!!
The more the money is being moved around in the repo, more they can inflate. Like having a 2 bucket to fill now.
Thanks Mike, fast!!
FED wants hedge fund managers to break their brains )))))))
Making Complexities Is What The Government Does!
Now is the time to look beyond the monetary actions and see how all this QE, reverse repo, and standing repo is benefiting their cronies. Literally paying more and then selling it back for less.
Thanks Mike I appreciate it by the way I like that shirt yesterday that was you
Mr. Norman I don’t mean to argue, but you mentioned that the market was likely going to fall due to the slowing of fiscal flows and debt ceiling. How can we be certain on what to do?
Conditions change so may strategies..
@Papi Colon I know so if we sold last week, would you wait or get back in?
You can't.
@Dupre of Trinsic So what would you do?
Mike – they're not going to taper, and if they do, they'll get the same result from back in 2018. QE will only increase, and it will increase exponentially to that end. Soon, we'll be living in an MMT economy whilst calling it good ol' 'MURRICA.
Foreign swap lines came to fruition to respond to the large demand for dollars. There is so much debt in USD out there that requires dollars to be serviced.
Gotta love those daily email updates and weekly MMT Reports!
Great work as always Mike!!!! You rock like no other! Peace
That hand is quicker than the eye! Just wait and see
Right now I'm learning all this, trying to find a good structure to the market instead of just jumping in and trying to trade options on TFAANG in a gamble of low risk low reward strategies. I'm trying to learn more about the economics of things commodity export currencies, like the high correlation of gold, oil, copper, and the CAD/AUD/NZ/JPY/ vs USD pairings, and taking into consideration the economic reality of the EU, in that they are oil and commodity importers. And in some sense the ECB is the financier of CAD/AUD/NZ and other currencies. Possibly relative the Euro shadow banking system, I've heard about. Unfortunately with Covid, and supply chain disruptions, and the funneling of money into Biomedical companies presents domestic growth opportunities, certainly much better than the Obama era import/export policies. Nonetheless, there was no Green New Deal, but a multi trillion Covid Spending bill to accomplish what they wanted.
I'm interested in what type of correlations you have found in using the Daily Treasury Statement. What's going on a day to day basis, doesn't necessarily predict what will happen tomorrow, that's why watching the meetings are so important, and I supposed that's why you have everything in excel, tracking moving averages and such. I certainly understand MMT, and how the Federal Government injects money into the economy, through the Post Office, Federal Highway Workers, Education, Social Security, Medicare/Medicaid, Military and Defense Contractors. It's absolutely ludicrous that Austrians/Libertarians want the government out of everything including money creation. Then what system is left? What a psyop. Ludwig Von Mises must have been a Soviet Agent. As I said I don't know much about ETF's or Indices, but all that I can come up with is rising commodity prices, and REITs and maybe a correlated industrial index/fund, or looking out for a agricultural subsidy on the DTS, around the time of planting or harvesting seasons.
I'm so interested in learning about these correlations they are out there, I just need to ask google the right questions, because everything is correlated through the price of oil. Exactly why we can't have free energy. But the Japanese are going to push some boundaries when it comes to Hydrogen, because the Chinese are cornering the Lithium market.
You know Mike, the MMT community is just something else. It's people that want to see each other succeed, and it completely loses the political distortion of economics. I'm not in control of policies, and if there is a will, there is a way to profit off those policies. Nothing else teaches that besides MMT. Before I used to be subscribed to George Gammon, the Rebel Capitalist Libertarian Chad, and the interviews that he has with these people talking about inflation, and we have to pay back the debt. It's all crazy. I believe they know they are sharing a deception.
Thanks Mike, you should reach out to Jimmy Dore, he was just recently on JRE, I think it would be tremendous for MMT.
Mike, Do you read the Fed's "Annual Report of the Board of Governors of the Federal Reserve". It just came out here: https://www.federalreserve.gov/publications/files/2020-annual-report.pdf Noticing on the last pages of the 250 page document were salaries. Are these set by Congress in some way? Was surprised to see pay for each FRB president was well above the pay Congress pays itself, coming in around $500k/year. The average across all 20k people is $180k/year. Wondering if you know how this is determined as I suppose it would give some clarity about whether the Fed should be considered private, public, both, or neither. And if the Fed is private, then why does the President appoint the Fed Chairman? And if an act of Congress established a private company then why haven't they established others to compete in technology, healthcare etc to drive competition and create high paying jobs like the FRB are paying? As I understand what has been told to me, the Fed is meant to be independent of government/Congress' control, but all of this looks circular and random? Thanks for whatever light you can shed on this.
why do you promote the v4x when you know it's unsafe, are you part of the cult?
Michael Cherry, Michael Norman make 400m final with Wayde van Niekerk | Tokyo Olympics | NBC Sports – wondering where been last few days