Random Political/Social Posting

[pipedreams]

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[janice6]

30 minutes ago, pipedreams said:

And according to various sources, 57 Million to 60.8 Million Americans were sickened by it.

[janice6]

22 minutes ago, pipedreams said:

This is about what kind of lies the left can get us to believe....

[pipedreams]

[pipedreams]

[pipedreams]

[Dric902]

2 hours ago, pipedreams said:

You forgot the $6 trillion in spending

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[Dric902]

1 hour ago, janice6 said:

And according to various sources, 57 Million to 60.8 Million Americans were sickened by it.

And we survived without spending $6 Trillion

do you realize that when this bill was signed

over twenty five percent of the market economy is......the fed

 

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[Dric902]

According to the most recent statistical release from the Federal Reserve, the average annual interest rate on 90-day AA-rated financial commercial paper has risen from 2.18 percent in 2018 to 2.27 percent through November 15 of this year. The rise in the average annual interest rate on 90-day commercial paper contrasts with the fact that since May of this year, the 90-day (3-month) Treasury bill’s yield has moved sharply lower, from 2.4 percent to yesterday’s closing yield of 1.56 percent – a decline of 35 percent.

The Federal Reserve Bank of New York has effectively become the repo market – pumping out upwards of $3 trillion to that market since September 17. Can we expect the Fed to turn on the money spigot to the commercial paper market next?

https://wallstreetonparade.com/2019/11/if-the-fed-is-bailing-out-the-repo-market-can-commercial-paper-be-far-behind/
 

The Federal Reserve acted to backstop a key source of short-term funding for big businesses on Tuesday, after calls by investors for the U.S. central bank to unclog the so-called commercial paper market. 

The Fed opened up the commercial paper funding facility under section 13(3) of the Federal Reserve Act which enable it to support the real economy, rather than just the financial sector. The U.S. central bank received permission from Treasury Secretary Steven Mnuchin.

https://www.marketwatch.com/story/federal-reserve-launches-crisis-era-commercial-paper-funding-facility-2020-03-17?mod=article_inline
 

Fed’s Anti-Virus Lending Firepower Could Reach $4.5 Trillion

The Federal Reserve could now have as much as $4.5 trillionto keep credit flowing and make direct loans to U.S. businesses through the massive coronavirus stimulus bill 
Its lending facilities have typically required a loss-absorbing cushion of around 10% from the Treasury to protect it from loans that don’t get paid back, a feature that Toomey indicated he wanted preserved. On that basis, every dollar from the Treasury can stand behind $10 dollars lent by the Fed.

 

It is a very, very big thing; it is unprecedented,” the Pennsylvania Republican told reporters Wednesday on a conference call, adding it was an opportunity to lever up “the unlimited balance sheet of the Fed.”

Toomey’s comments suggest Fed facilities could be expanded with the new funds, in effect doubling the Fed’s current $4.7 trillion balance sheet if necessary. On Sunday, Treasury Secretary Steven Mnuchin said the bill would provide up to $4 trillion in liquidity through broad-based lending programs operated by the Fed.

https://www.bloomberg.com/news/articles/2020-03-25/fed-s-anti-virus-lending-firepower-could-reach-4-5-trillion

this just doubled as of the signing of the virus bill

 

for the first time in my adult life, I’m out.
Guaranteed Interest cash account only. This cannot sustain itself

 

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[pipedreams]

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[janice6]

12 minutes ago, pipedreams said:

Yet it won't make any difference in the outcome.  Trump is looking like he has more control over this than the Democrats.  He's still our next president too.

[pipedreams]

[pipedreams]

[janice6]

33 minutes ago, pipedreams said:

EXACTLY!!!!

[pipedreams]