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Member Since 19 Aug 2008
Offline Last Active Mar 26 2016 03:17 PM

Posts I've Made

In Topic: $5 Trillion in non-performing loans? Non-plunge protectable?

17 February 2016 - 07:53 PM

Not worried about U.S. Government debt denominated in dollars. Every penny of that will be paid. However nonperforming loans to Chinese businesses are an entirely different story.

In Topic: I'm a airline smarty pants!

15 January 2016 - 08:51 PM

About that $129 ... Are you paying them or vv.?

In Topic: Fed Buying stocks

15 January 2016 - 08:47 PM

The fed may have a ppt, but if it does I don't think that it actually buys equity shares. I think BOJ's ppt may buy shares.

In Topic: Fed Schmed

22 September 2015 - 07:05 PM

I think I answered my own question. I had forgotten the difference between the federal funds rate and the discount rate. The FFR is a target rate which the Fed manipulates through open market operations. That would have strong market effects, although the 25 bp raise being discussed would mostly be symbolic of the possible end of an era. I was mistaking the FFR for the discount rate which is actually set by the Fed. It is the discount rate which I see as being a very minor factor in the economy.

In Topic: 2015 Bear Market

12 September 2015 - 10:24 PM

I think the lack of excitement is,due to the fact that most people who formerly made up the market have learned during the past 8 years that there is no longer a market, so by definition there cannot be a bear market. There's a Dow, and s&p, etc., etc., but prices are so heavily manipulated by governments and corporate management tricks that prices are more of a function of manipulation than of the crowd's discounting of future returns.

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