Shallow Thoughts Those Fed guys are so funny. What a bunch of bullshitters. Here’s Why Fed’s Statement On Cutting Repurchase Operations Is Total Bullshit Today’s…
Those Fed guys are so funny.
What a bunch of bullshitters.
Bull or Bear Market? Who cares what they call it? The idea of an “official” bull or bear market is not only insane, it’s just plain stupid.
Here’s the only thing that matters.
Lindsay Williams interviewed Lee about the market meltup. Lee warns that the Fed’s money printing may work, but with horrendous unintented consequences.
Central banks will print a lot of money and keep cash interest rates at such low levels that they will have negative real returns and negative returns relative to assets that behave well in times of reflation.
The Fed has cut back on its outright Treasury purchases. But the Treasury is still pounding away at the market, flooding it with enormous amounts of new supply day after day.
This should be bearish, but so far it hasn’t been. Here’s how that could change today.
Today’s Fed action effectively drains funds from dealer accounts and from the financial markets and tomorrow will be more of the same.
Treasury issuance will go through the roof over the next 5 days while the Fed has decided to cut back its support. That’s a bad combination.
The S&P ES fucutures are up 90 points. That may not mean what you think.
The S&P ES fucutures are up 90 points. That may not mean what you think.
