@jmski52 said:
I urge you to tune in to Greg Mannarino on youtube for his updates. We are pretty much screwed.
I still see us at a 50% total drop on the DOW. We're a little over half way there. And I think I'm looking on the bright side.
I'm also following the national bailout discussion. $50 billion for airlines? These are the same airlines that for years have been spending up to 96% of their cash on stock buybacks that fueled an over frothy market AND rewarded corporate executives implementing the buybacks with massive extra bonuses. I would tell them "you shoulda saved for a rainy day, you certainly had the ability to do so." Their workforce? take care of them, but not with a corporate bailout.
Any bailout should focus on people this time. We learned last time around the money does not otherwise get to them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb,
I agree, especially wrt the stock buyback issue. The stock markets would likely be trading right around where they are today if the buybacks that were funded by corporate borrowing had never happened and covid19 did not exist. That said, some of these major corporations will ultimately need incredible amounts of handouts to survive. It happened with AIG, GM, etc., last time. I doubt the USG would allow Boeing to cease existence. However, i also think that the existing equity of serial buybackers shoud be be wiped out. Government should also claw back proceeds from all corporate officer gains since 2012 or so. But that ain't gonna happen. Instead, we will be stuck with more all out socialism to save the "free markets". Solutionsnto this debacle woud be better aimed at meeting,only basic needs (like feeding the hungry, ensuring basic shelter treating acute illness). Private citizens could do most of those things voluntarily. Instead, we will get gov throwing trillions at,everything and almost anyone. Real goal is only to protect asset prices.
President says he is "ok" with forbidding buybacks, lol. No punishmebt for having done it in the past, just for the future. But if true, that effectively ensures that the stock markets will only have an L shaped recovery...... Unless, of course, the fed starts purchasing equities, which it will, lol. BTFD!
Instead, we will be stuck with more all out socialism to save the "free markets".
If the Fed is buying into all of these major companies with debt/loans/equity swaps and bailing out entire industries with debt/loans/equity swaps, where is the money coming from and who becomes the ultimate owner of it all?
Ponder the implications of that "free money out of thin air". It's a national socialist's wet dream.
Uh, who are the main shareholders of the Fed? Did we ever figure that one out?
Q: Are You Printing Money? Bernanke: Not Literally
Well, let's be honest. The FED did save us all from a lot of misery the last time around, but today's problems are the price being paid for that. Hopefully they will save us all again for a cost they push, once again, to the future.
Boom/Bust. We/they gotta figure a better way to do things than depending on a central bank to fix the problems that it created. Forget the band aids. Get the surgery done or let the patient die so he can be brought back to life under a different set of controls.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It doesn’t help that the fed and congress come along and treat every economic downturn like a crisis. Now when we need something to be done, it’s really costly and less effective.
I hope industries/businesses begging for federal assistance are at least paying taxes to the US (hint, most cruise lines).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You can almost smell money in the air around Washington DC, as they get ready to distribute all that free taxpayer money to their cronies, their spouses and their business partners.
Q: Are You Printing Money? Bernanke: Not Literally
Actually, the markets were officially broken Sept. 17 when the FED, for the first time since the last financial crisis, began dumping hundreds of billions of dollars a week into Wall Street’s trading houses in the form of "repos." The "black swan" coronavirus only pushed the markets over the edge, something that would have otherwise happened in slower motion.
It has become convenient for the mouthpieces to blame the virus when in fact it was their own doing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So far, the majority of the stimulus being discussed is simply to boost stock prices, i.e,, to start inflating the next bubble. I actually read one of JPM's analysts discussing how the stimulus should get stocks back to an all time high within a year.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Who are the main shareholders of the Fed? Did we ever figure that one out?
You can almost smell money in the air around Washington DC, as they get ready to distribute all that free taxpayer money to their cronies, their spouses and their business partners.
Follow the money.
Q: Are You Printing Money? Bernanke: Not Literally
"There is no greater Bubble waiting in the wings to reflate the collapsing one. We are instead left with desperate measures to expand central bank “money” and government borrowings that will surely appear absolutely reckless in hindsight."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
In Weimar, they simply couldn't print money fast enough. The problem was massive debt from war reparations. The result was hyperinflation of the currency and decimation of personal wealth.
The problem right now is insufficient revenue to sustain a massively leveraged debt bubble. In the current situation, the money can be keyboarded instantly but the debt bubble is popping anyway, so what are the implications?
There won't be any fairness in whatever comes. Be careful out there.
Q: Are You Printing Money? Bernanke: Not Literally
Unlimited QE? Yo @derryb why's my silver only $12? With unlimited QE I figured it should be $1,200.
get rid of the contracts, buy some physical silver. I'm no longer responsible for your buying decisions. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said: Unlimited QE? Yo @derryb why's my silver only $12? With unlimited QE I figured it should be $1,200.
Well, what's YOUR take on the situation? Do you believe that $12 is the real market?
No I am puzzled that we have dropped from we were were before the virus hit. Should be at $18 and possibly higher with all the free money floating around.
@jmski52 said: Unlimited QE? Yo @derryb why's my silver only $12? With unlimited QE I figured it should be $1,200.
Well, what's YOUR take on the situation? Do you believe that $12 is the real market?
No I am puzzled that we have dropped from we were were before the virus hit. Should be at $18 and possibly higher with all the free money floating around.
revisit 2008-09. same scenario, for now. learn from the past.
All the free money is still talk.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses
I am puzzled that we have dropped from we were were before the virus hit. Should be at $18 and possibly higher with all the free money floating around.
The first thing to remember is that margin calls probably drove a sizable slug of speculators out of the futures market when the stock market started its decline. Silver's industrial component is undeniably part of the pricing mix. The investment/speculative/monetary component of silver pricing will probably come into play as the monetary and debt crisis continues to evolve. Not to mention the manipulation aspects that have now been litigated in court and proven once and for all.
Q: Are You Printing Money? Bernanke: Not Literally
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
CNBS was interviewing some guy on the phone about gold (host was trying to suggest how gold has lost safe haven status) while interviewee suggested it hadn't and that a similar, temporary drop occured in 2008. Suddenly, the phone line went all staticy, and they discontinued the interview. Suppression,lol?
Comments
I still see us at a 50% total drop on the DOW. We're a little over half way there. And I think I'm looking on the bright side.
I'm also following the national bailout discussion. $50 billion for airlines? These are the same airlines that for years have been spending up to 96% of their cash on stock buybacks that fueled an over frothy market AND rewarded corporate executives implementing the buybacks with massive extra bonuses. I would tell them "you shoulda saved for a rainy day, you certainly had the ability to do so." Their workforce? take care of them, but not with a corporate bailout.
Any bailout should focus on people this time. We learned last time around the money does not otherwise get to them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb,
I agree, especially wrt the stock buyback issue. The stock markets would likely be trading right around where they are today if the buybacks that were funded by corporate borrowing had never happened and covid19 did not exist. That said, some of these major corporations will ultimately need incredible amounts of handouts to survive. It happened with AIG, GM, etc., last time. I doubt the USG would allow Boeing to cease existence. However, i also think that the existing equity of serial buybackers shoud be be wiped out. Government should also claw back proceeds from all corporate officer gains since 2012 or so. But that ain't gonna happen. Instead, we will be stuck with more all out socialism to save the "free markets". Solutionsnto this debacle woud be better aimed at meeting,only basic needs (like feeding the hungry, ensuring basic shelter treating acute illness). Private citizens could do most of those things voluntarily. Instead, we will get gov throwing trillions at,everything and almost anyone. Real goal is only to protect asset prices.
President says he is "ok" with forbidding buybacks, lol. No punishmebt for having done it in the past, just for the future. But if true, that effectively ensures that the stock markets will only have an L shaped recovery...... Unless, of course, the fed starts purchasing equities, which it will, lol. BTFD!
Just heard the fed is going to do $1 trillion a day repo for the rest of March.
Instead, we will be stuck with more all out socialism to save the "free markets".
If the Fed is buying into all of these major companies with debt/loans/equity swaps and bailing out entire industries with debt/loans/equity swaps, where is the money coming from and who becomes the ultimate owner of it all?
Ponder the implications of that "free money out of thin air". It's a national socialist's wet dream.
Uh, who are the main shareholders of the Fed? Did we ever figure that one out?
I knew it would happen.
Well, let's be honest. The FED did save us all from a lot of misery the last time around, but today's problems are the price being paid for that. Hopefully they will save us all again for a cost they push, once again, to the future.
Boom/Bust. We/they gotta figure a better way to do things than depending on a central bank to fix the problems that it created. Forget the band aids. Get the surgery done or let the patient die so he can be brought back to life under a different set of controls.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It doesn’t help that the fed and congress come along and treat every economic downturn like a crisis. Now when we need something to be done, it’s really costly and less effective.
I hope industries/businesses begging for federal assistance are at least paying taxes to the US (hint, most cruise lines).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You can almost smell money in the air around Washington DC, as they get ready to distribute all that free taxpayer money to their cronies, their spouses and their business partners.
I knew it would happen.
some of the people in congress are trying to get extended unemployment benefits instead of a cash payout. more people would benefit from a cash payout
Actually, the markets were officially broken Sept. 17 when the FED, for the first time since the last financial crisis, began dumping hundreds of billions of dollars a week into Wall Street’s trading houses in the form of "repos." The "black swan" coronavirus only pushed the markets over the edge, something that would have otherwise happened in slower motion.
It has become convenient for the mouthpieces to blame the virus when in fact it was their own doing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So far, the majority of the stimulus being discussed is simply to boost stock prices, i.e,, to start inflating the next bubble. I actually read one of JPM's analysts discussing how the stimulus should get stocks back to an all time high within a year.
They're back!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Lest I repeat myself,
Who are the main shareholders of the Fed? Did we ever figure that one out?
You can almost smell money in the air around Washington DC, as they get ready to distribute all that free taxpayer money to their cronies, their spouses and their business partners.
Follow the money.
I knew it would happen.
and launches massive $700 billion quantitative easing program....
meanwhile stock futures went limit down in 6 minutes this evening.
gold and silver are still trading, if it matters can't find physical in stackable quantities.
There's No New Bubble Coming To Save Us
"There is no greater Bubble waiting in the wings to reflate the collapsing one. We are instead left with desperate measures to expand central bank “money” and government borrowings that will surely appear absolutely reckless in hindsight."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
In Weimar, they simply couldn't print money fast enough. The problem was massive debt from war reparations. The result was hyperinflation of the currency and decimation of personal wealth.
The problem right now is insufficient revenue to sustain a massively leveraged debt bubble. In the current situation, the money can be keyboarded instantly but the debt bubble is popping anyway, so what are the implications?
There won't be any fairness in whatever comes. Be careful out there.
I knew it would happen.
Federal Reserve issues FOMC statement
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323a.htm
Federal Reserve announces extensive new measures to support the economy
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm
Fed announces unlimited QE and sets up several new lending programs
Published: March 23, 2020 at 8:00 a.m. ET
https://www.marketwatch.com/story/fed-announces-unlimited-qe-and-sets-up-several-new-lending-programs-2020-03-23
Unlimited QE? Yo @derryb why's my silver only $12? With unlimited QE I figured it should be $1,200.
The whole worlds off its rocker, buy Gold™.
get rid of the contracts, buy some physical silver. I'm no longer responsible for your buying decisions. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Unlimited QE? Yo @derryb why's my silver only $12? With unlimited QE I figured it should be $1,200.
Well, what's YOUR take on the situation? Do you believe that $12 is the real market?
I knew it would happen.
No I am puzzled that we have dropped from we were were before the virus hit. Should be at $18 and possibly higher with all the free money floating around.
The whole worlds off its rocker, buy Gold™.
revisit 2008-09. same scenario, for now. learn from the past.
All the free money is still talk.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200323a.htm
Federal Reserve System publishes annual financial statements
https://www.federalreserve.gov/newsevents/pressreleases/other20200323a.htm
I am puzzled that we have dropped from we were were before the virus hit. Should be at $18 and possibly higher with all the free money floating around.
The first thing to remember is that margin calls probably drove a sizable slug of speculators out of the futures market when the stock market started its decline. Silver's industrial component is undeniably part of the pricing mix. The investment/speculative/monetary component of silver pricing will probably come into play as the monetary and debt crisis continues to evolve. Not to mention the manipulation aspects that have now been litigated in court and proven once and for all.
I knew it would happen.
I am afraid the cure is worse than the disease.
GLTA
100% Positive BST transactions
I kid you not.... On CNBS they are talking cash for clunkers, part douche.
gold's starting to like the FED again, up $80.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Must be Canadian? Only up $57 here in The Commonwealth.
The whole worlds off its rocker, buy Gold™.
CNBS was interviewing some guy on the phone about gold (host was trying to suggest how gold has lost safe haven status) while interviewee suggested it hadn't and that a similar, temporary drop occured in 2008. Suddenly, the phone line went all staticy, and they discontinued the interview. Suppression,lol?