Bernanke has been directed to unwind the US petrodollar in as orderly a fashion as possible. So far it has been rather orderly, therefore he keeps his job. Countering and compensating for loss of world reserve currency status is a major priority for him.
I found it odd that his recent two days of testimony did not include discussion of the US dollar outside of our borders.
The FED has more bullets than does Janet Napolitano. Creativity, and their power to enforce it, is their upside.
"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
"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
Best fix for a program gone bad: Let those on SS continue to draw monthly benefits for life. Those not yet old enough to draw money, give them back everything they contributed and let them set up their own retirement program. And, stop taking this tax out of all paychecks. >>
>>
Wonderful, then you have to print another few trillion dollars.
District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span.
<< <i>Coca cola and disney issued 100 yr bonds about 20 years ago. Even Yale and MIT have issued such bonds. Mexico has 100 year bonds and Canada 50 year. >>
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span. >>
Payable in dollars . . . in 100 years?
"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
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span. >>
Payable in dollars . . . in 100 years? >>
Principal will be payed in approx 100 years (it has been structured with some features that might accelerate its payoff but that won't happen until after 2100. If you are curious are as to what these features are just pm me). But yes, in usd.
"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
At this point, however, the overall economic trend is still positive and does appear to be stronger than when the Fed ended QE1 and QE2. The end of QE3 could still cause market disruption, but, one thing is for certain, current and incoming economic data for the U.S. isn't raising any red flags.
At this point, however, the overall economic trend is still positive and does appear to be stronger than when the Fed ended QE1 and QE2. The end of QE3 could still cause market disruption, but, one thing is for certain, current and incoming economic data for the U.S. isn't raising any red flags. >>
So, it's all been fixed, has it? Consider your sources for that current and incoming economic data. Current and incoming economic data (and no red flags) preceeded the last major crisis. We know how that went. It always looks good. . . until it doesn't.
"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
QE is simply off-budget financing and the proceeds are used mainly for political graft - to finance the things that will never pass the "smell test". It's off-budget until interest on the debt has to be paid, and then it's real.
Q: Are You Printing Money? Bernanke: Not Literally
"The fed has bailed out the debt-infested financial system by transferring its toxic debt to its balance sheet and the Fed’s exit strategy is to unload the same toxic debt back on the financial system as it recovers without causing it collapse again. The game is for the Fed to give more money to the banks to buy back the toxic debt from the Fed’s balance sheet, and call it a recovery. Throughout this circular exercise, the economy is left to rot with rising unemployment and a damaged dollar." - Henry C.K. Liu, 2009
"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
Comments
I found it odd that his recent two days of testimony did not include discussion of the US dollar outside of our borders.
The FED has more bullets than does Janet Napolitano. Creativity, and their power to enforce it, is their upside.
"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
Meanwhile,
The consequences of warning others can be quite expensive
"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
We used to see transactions done in British pounds. Seems the pound is still alive and kicking.
The US NEEDS to lose its reserve status. Look out world when that happens, as the sleeping giant will awaken again.
Knowledge is the enemy of fear
<< <i>
<< <i>
Best fix for a program gone bad: Let those on SS continue to draw monthly benefits for life. Those not yet old enough to draw money, give them back everything they contributed and let them set up their own retirement program. And, stop taking this tax out of all paychecks. >>
Wonderful, then you have to print another few trillion dollars.
Text
So much for the "Twist".
<< <i>Anyone for 100 year bonds??
Text
So much for the "Twist". >>
District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span.
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. >>
At what yield?
Knowledge is the enemy of fear
<< <i>Coca cola and disney issued 100 yr bonds about 20 years ago. Even Yale and MIT have issued such bonds. Mexico has 100 year bonds and Canada 50 year. >>
Perhaps we can issue 1000 year old egg bonds.
We can back up the paper with the Asian delicacy.
<< <i>
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. >>
At what yield? >>
They came to market 7/7/2014 priced at par with a 4.814 yield/cpn. Currently trading around a 4.64.
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span. >>
Payable in dollars . . . in 100 years?
"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
<< <i>
<< <i>District of Columbia issued 100 year municipal water debt about a month ago. Their justification was they needed to build out infrastructure for future growth, and the infrastructure would have a multi generational life span. >>
Payable in dollars . . . in 100 years? >>
Principal will be payed in approx 100 years (it has been structured with some features that might accelerate its payoff but that won't happen until after 2100. If you are curious are as to what these features are just pm me). But yes, in usd.
"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
<< <i>The Trillion Dollar Question: What Happens When Quantitative Easing Ends? >>
At this point, however, the overall economic trend is still positive and does appear to be stronger than when the Fed ended QE1 and QE2. The end of QE3 could still cause market disruption, but, one thing is for certain, current and incoming economic data for the U.S. isn't raising any red flags.
Knowledge is the enemy of fear
<< <i>
<< <i>The Trillion Dollar Question: What Happens When Quantitative Easing Ends? >>
At this point, however, the overall economic trend is still positive and does appear to be stronger than when the Fed ended QE1 and QE2. The end of QE3 could still cause market disruption, but, one thing is for certain, current and incoming economic data for the U.S. isn't raising any red flags. >>
So, it's all been fixed, has it? Consider your sources for that current and incoming economic data. Current and incoming economic data (and no red flags) preceeded the last major crisis. We know how that went. It always looks good. . . until it doesn't.
"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
I knew it would happen.
"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