QuoteThe Fed's minutes revealed that after multiple expansions of this vast money spigot, which was previously set to lapse in January after getting the Wall Street trading houses through the year-end money crunch, instead it may be extended through April.

The Fed's minutes also acknowledge that its most recent actions have tallied up to "roughly $215 billion per day" flowing to trading houses on Wall Street. There were 29 business days between the last Federal Open Market Committee (FOMC) meeting and the latest Fed minutes, meaning that approximately $6.23 trillion in cumulative loans to Wall Street's trading houses had been made in that short span of time.

During the 2007 to 2010 financial collapse on Wall Street – the worst financial crisis since the Great Depression, the Fed funneled a total of $29 trillion in cumulative loans to Wall Street banks, their trading houses and their foreign derivative counterparties between December 2007 and July 21, 2010. At the pace it is currently going, it would eclipse that $29 trillion before the middle of this year.

And yet, there is no discernible financial collapse occurring on Wall Street. In fact, the Dow Jones Industrial Average and Standard and Poor's 500 Index achieved multiple record highs in the month of December 2019 – making it appear that the Fed's money to these trading houses is going straight into the stock market. That is about as far from the Federal Reserve's monetary policy mandate as it can get and yet there has been no editorial outcry from the Editorial Boards of American newspapers or any publicly announced Congressional investigation.

https://wallstreetonparade.com/2020/01/federal-reserve-admits-it-pumped-more-than-6-trillion-to-wall-street-in-recent-six-week-period/

I'm not going to pretend that I'm an expert when it comes to these things...but seems like they're injecting a lot of money for some reason...

During the height of the Financial Crisis they did $29T in 3 years...they just did 20% of that total in 3-4 months

I dont even need to look into this. 99 to 1 this is more fake news taking those stats out of context and omitting relevant info as usual in order to suggest some other reason for our great economy and stock market other than Trumps conservative economic policies, Or to try and suggest that a recession is coming in order to try and make a recession come. Thats the only thing the left thinks can really beat trump is a recession so be on the lookout for many desperate attempts to artificially create one or to create the apperance of one all this year.

I will call this Conspiracy, until proven otherwise.
walks

QuoteOr stated simply, the longer the Fed avoids pulling the repo liquidity band-aid, the bigger the market fall when (if) it finally does. The question then becomes whether Powell can keep pushing on the repo string until the November election, because a market crash in the months preceding it, especially since it will be of the Fed's own doing, will result in a very angry president.

https://www.zerohedge.com/markets/top-repo-expert-warns-fed-now-trapped-it-will-take-pain-wean-repo-market-easy-cash

I've been passively following this for several weeks. I'm going to start paying more attention because it seems to be important.

I wouldn't call it a conspiracy, though. The Fed isn't hiding their injections. It's just very, very, curious...

Quote from: joesixpack on January 09, 2020, 12:40:22 AM
I've been passively following this for several weeks. I'm going to start paying more attention because it seems to be important.

I wouldn't call it a conspiracy, though. The Fed isn't hiding their injections. It's just very, very, curious...

Trump despises the Fed, they do not see eye on policy or the US when it comes to growth. The Fed has several times since Trump was elected done things antithetical to growth, proving they're stuck in the Bernanke 80s model of mkt manipulation.
I trust Trump far more than a bunch of bureaucrats manipulating our economy, because trump is a free mkt guy, while the Fed is in it for their own best interests, like that of a leech tending to its host.

Quote from: Solar on January 09, 2020, 04:16:11 AM
Trump despises the Fed, they do not see eye on policy or the US when it comes to growth. The Fed has several times since Trump was elected done things antithetical to growth, proving they're stuck in the Bernanke 80s model of mkt manipulation.
I trust Trump far more than a bunch of bureaucrats manipulating our economy, because trump is a free mkt guy, while the Fed is in it for their own best interests, like that of a leech tending to its host.

Indeed. Him and Sanders have that in common. That's one of the things about Trump that made me like and trust him more than Hillary.

He promised he would audit the Fed and so does Bernie. I would love to know how the sausage is made...

Jerome Powell's knows what he's doing by his own admission

https://www.ccn.com/jerome-powell-knows-federal-reserve-destroy-us-stock-market/

QuotePowell explained:

I have concerns about more purchases. As others have pointed out, the dealer community is now assuming close to a $4 trillion balance sheet and purchases through the first quarter of 2014. I admit that is a much stronger reaction than I anticipated, and I am uncomfortable with it for a couple of reasons.

He went on:

First, the question, why stop at $4 trillion? The market in most cases will cheer us for doing more. It will never be enough for the market. Our models will always tell us that we are helping the economy, and I will probably always feel that those benefits are overestimated. And we will be able to tell ourselves that market function is not impaired and that inflation expectations are under control. What is to stop us, other than much faster economic growth, which it is probably not in our power to produce?

Quote from: joesixpack on January 18, 2020, 02:21:46 AM
Jerome Powell's knows what he's doing by his own admission

https://www.ccn.com/jerome-powell-knows-federal-reserve-destroy-us-stock-market/

Hmm...
I just yearly investment portfolio review in the mail.  I am doing the best I have done in 10 years.  Under b o I was holding my own.  Under Trump I am back making money again.  But then at my age the government is making me take some out, or they will take it out and keep it.  Then by taking some out the government tax's me for it.  Damn if I do and damn if I don't.

Thank you Lib's. I am not allowed to make money and keep it all at any age.    

I see you posted Today at 02:21:46 not getting much sleep now? 

Quote from: walkstall on January 18, 2020, 03:42:09 AM
Hmm...
I just yearly investment portfolio review in the mail.  I am doing the best I have done in 10 years.  Under b o I was holding my own.  Under Trump I am back making money again.  But then at my age the government is making me take some out, or they will take it out and keep it.  Then by taking some out the government tax's me for it.  Damn if I do and damn if I don't.

Thank you Lib's. I am not allowed to make money and keep it all at any age.    

I see you posted Today at 02:21:46 not getting much sleep now?

 

Little bastard loves having 2AM snacks.