The Fed Runs Out of Tools! Next Bail-Out Will Be a Bail-In! - Great Video!
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You can count on the Fed doing the wrong thing every time.
Dropping the rate and still losing almost 800 tells you how screwed up the economy is becoming. They also dumped 120 billion into the financial systems too. Both of those things that have worked in the past were used on the same day, and it closed down 785 anyway.
All this over a puny correction in the stock market. What will the Fed do when all of the world’s toxic financial waste goes bad at the same time? Because it’s this toxic waste, that’s the real problem, and the Fed seems intent on ignoring it.
The Fed is running out of ammo. 1% left to cut. So MEGA QE next.
That is not bullish at all.
The Fed had been doing QE since last September, wondering what they are gonna try to come up with this time around after they run out of rates to cut.
Punishing savers and rewarding Wall Street with free money to borrow and buy back shares. $5 Trillion in BBB bonds.
In a few months’ recession overdue, those bonds get downgraded, pensions need to dump, they lockup.
The Fed has been goosing to the pathetic Trump economy. $100 billion per month deficit and lowered interest rates leave no dry powder for a recession. Trump’s next bankruptcy will be The USA.
The economy is already overdosing on cheap money.
Amazing… these same people cheered on the way up, but now say if Powell had not cut, and bad businesses washed out, we wouldn’t be in this situation.
Last night’s repo was the largest ever.
The Fed is impotent. They can’t fix this. The house of cards it built will come crashing down on it. They’re running scared, knowing they are using up the little margin they have before they have to go to negative interest rates, which will never fly in the USA.
The markets, both participants and manipulators, realize that the honeymoon is over! This market is sobering up, and it is not going to be pretty when they take a long look at the creature they are in bed with.
The system has gangrene rotting from the inside, and they keep giving it aspirin hoping it will heal. The fed busted their nut, and it didn’t work.
It already does smell like panic, and, from the highest level. When the Fed panics, and it is apparent to all, the cascade will be epic as panic spreads down the food-chain. The run to the exit doors will be a sight to see
For the full transcript go to https://financearmageddon.blogspot.com
Two many people have skin in the game, therefore they will do whatever it takes to keep the Titanic afloat, so get out the printing press again……
One thing that is for sure when it comes to oligarchs, the misery they impose on the masses always gets imposed on them in the end!
Come on People ! America is a Deer that has been shot in the heart and waiting to Bleed Out. Preppers be ready. Those NOT prepared should at least BE SAVED and Pray. GAME OVER!
Keynesian economics is a scam!
The ruling class is draining us of every dollar possible before the whole s……t 🏠 collapses.
Trump alone borrowed and spent two trillion dollars as president, fed keeps dropping helicopter money on zombie economy while USA politicians only interested in wars and military industrial complex and the top 1%, it is a hopeless set up, even if for another one hundred years,USA economy will be bad.
Trump’s next bankruptcy is the USA.
Yet on TV and radio they say we are booming!
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the usa can always pay its bills,always–they just print it–the bond holder is left holding the bag,like pensions,insurance companies –they are fools to lend to goooooovemint–goooooovermint always pays back with devalued currency,always–one of these days trump will declare the usa to be a buyer of gold at $9,950.00 and a seller at $10,050.00—pick your own number,who knows…gooooovermint has done this many times in world history if you are the currency of choice which the usa dollar is–jack the price of gold up 10 times your debt becomes 10 cents on the dollar…ba zam!!! jim sinclair says gold to 150k an ounce,yikes!