Gone But Not Forgotten
- Jan 29, 2014
- Reaction score
- Montgomery, NY, USA
- VCDS Serial number
A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market
I've said for 10 years that the day would come when the Fed would lose control of rates.https://markets.businessinsider.com...market-first-time-in-decade-2019-9-1028534289
The Fed just pumped $128 billion into markets to pull down interest rates, its first injection in 10 years
Is everyone asleep?
Rate adjustment predicted in a couple hours.
Fixed that for you.The Fed pumps another $105 billion into markets, continuing its streak of
capitaldigital currency injections
Fixed that for you.
Capital is actual wealth that has been produced but not yet consumed. "Money" conjured up out of thin air is not actual capital.
Good. It's been utterly absurd that people here could buy a $5.00 item from some Chinese vendor on fleaBay or the numerous Chinese retail sites and the price included shipping. Someone was losing money on that deal, and I'm confident that someone was the USPS. It seems that will now be corrected.https://www.reuters.com/article/us-...linches-deal-to-keep-us-in-club-idUSKBN1WA247
U.N. postal union clinches deal to keep U.S. in club
Wall Street and the news media have paid considerable attention to U.S. home mortgage modifications, but not much notice has been given to the growing problem of re-defaults on these modifications.