Dauntless
100 TW
https://www.bloomberg.com/amp/news/articles/2019-12-12/fed-to-adjust-limit-for-some-daily-overnight-repo-operations
Well dang, looks like there's something I missed, but it's still a ways from $50 billion each day. That article WAS the plan, but it seems to have gotten bigger in the last few days. Not long ago the total cost was supposed to be $50 billion.
This is one of those 'I can only see what's reported' things, but this sounds like the kind of thing they could have done in late 2007 and spared us much of what came in 2008.
If you've caught Elizabeth Warren going a few months ago about this capitalist plot and calling for Soviet Union style KGB crackdown, this is that issue continuing. If I understand her, (ERRR, there's gotta be a better way to rephrase that) she makes accusations equivalent to the banks trying to tear down the Berlin Wall and putting a foot on the tanks that are trying to restore communist control.
What I see in this is that it further invalidates analysis on the national debt. if the government really did buy back over $50 billion of it's bonds every day for only $50 billion, in 8 months or less they buy back all of Obama's debt. For less that the face value of that debt. Although I assume they already own some of it. The consequences of all that would be inflation, which the Fed wants but can't get. But these things are so unclear; is this really just temporary? Like those temporary tax hikes? Are they trying to desensitize us for something bigger?
This is supposed to prevent QE4? This IS QE4.
Well dang, looks like there's something I missed, but it's still a ways from $50 billion each day. That article WAS the plan, but it seems to have gotten bigger in the last few days. Not long ago the total cost was supposed to be $50 billion.
This is one of those 'I can only see what's reported' things, but this sounds like the kind of thing they could have done in late 2007 and spared us much of what came in 2008.
If you've caught Elizabeth Warren going a few months ago about this capitalist plot and calling for Soviet Union style KGB crackdown, this is that issue continuing. If I understand her, (ERRR, there's gotta be a better way to rephrase that) she makes accusations equivalent to the banks trying to tear down the Berlin Wall and putting a foot on the tanks that are trying to restore communist control.
What I see in this is that it further invalidates analysis on the national debt. if the government really did buy back over $50 billion of it's bonds every day for only $50 billion, in 8 months or less they buy back all of Obama's debt. For less that the face value of that debt. Although I assume they already own some of it. The consequences of all that would be inflation, which the Fed wants but can't get. But these things are so unclear; is this really just temporary? Like those temporary tax hikes? Are they trying to desensitize us for something bigger?
This is supposed to prevent QE4? This IS QE4.