It's The Low-Income Economy, Stupid! Consumer Spending Up Two Months In A Row!

[mascale]

Bonds in default, like other Commercial Assets, often mortgage-backed and called securities, were likely bought up. Mortgage-security bundles had been for sale--sent even overseas.

Total Net Debt is even a report of Federal Reserve--on a periodic basis. Anyone literate can look up Federal Reserve reports.

Showing off illiteracy is generally thought un-electable, 2020, even!

"Crow, James Crow: Shaken, Not Stirred!'
(Anyone can look up Matt 25: 14-30, not that it appears to do much good!"

 

[Toddsterpatriot]

Bonds in default, like other Commercial Assets, often mortgage-backed and called securities, were likely bought up. Mortgage-security bundles had been for sale--sent even overseas.

Total Net Debt is even a report of Federal Reserve--on a periodic basis. Anyone literate can look up Federal Reserve reports.

Showing off illiteracy is generally thought un-electable, 2020, even!

"Crow, James Crow: Shaken, Not Stirred!'
(Anyone can look up Matt 25: 14-30, not that it appears to do much good!"

Bonds in default, like other Commercial Assets, often mortgage-backed and called securities, were likely bought up.

Likely? You don't sound very confident in your claim.

Since you're floundering so badly, I decided to stop mocking your ignorance.
Educate yourself......if that's still possible.


Why is the Desk purchasing agency MBS?
On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency mortgage-backed securities (MBS) at a pace of $40 billion per month. The FOMC also directed the Desk to continue through the end of the year its program to extend the average maturity of its holdings of Treasury securities as announced in June and to maintain its existing policy of reinvesting principal payments from the Federal Reserve's holdings of agency debt and agency MBS in agency MBS.

The FOMC noted that these actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.

What types of agency MBS will the Desk purchase?
Agency MBS purchases will likely be concentrated in newly-issued agency MBS in the To-Be-Announced (TBA) market because these securities have greater liquidity and are closely tied to primary mortgage rates. The Desk may purchase other agency MBS if market conditions warrant. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for purchase. These eligible assets include, but are not limited to, 30-year and 15-year securities of these issuers. Ineligible assets include CMOs, REMICs, Trust IOs/Trust POs and other mortgage derivatives or cash equivalents.

FAQs: Agency MBS Purchases - FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org

 

[Oddball]

"Excessive Debt" can now be said relegated to the history bin of discarded concepts. "Fiat Money" is about everyday currency. Deficits can be repaid from taxes or debt ceiling limits. The market sector follows credit rules as usual, but when banks screw up--then even the Federal Reserve can buy up all the mistakes: Virtually doing nothing more than pushing buttons. Bank failures and bailouts are in that manner avoided. A new "Efficiency" of increase of debt gets created, in separate accounting. City of San Bernardino, CA, even tried to find some of the paper--in a plan to make the city more inhabitable. That went nowhere(?).

Banks remain afloat. What is "Excessive" is then better said newer pricey payrolls, pricey credit, and a too pricey marketplace. Fixed percentage nationwide pay adjustment are not helpful with that. The Rich get richer, but the successive lower incomes are increasingly more worthless. Any new credit is up against more risk. The pricing structure doesn't work. An organization cannot adjust its pricing upward: To cover increase of costs, even usual "Wage-Price Inflation." That is an older liberal concept, not fully explaining the depth of the simple computing problem.

Even a nominal debt amount, comparing: Can become "Excessive" over time. Interest rates can rise--especially as an economy creates increasingly valueless incomes. Valueless incomes effectively drop out of any credit repayment structure. Many might say the obvious: "Sounds like Bush-Cheney" all over again! The market-reliant enterprises lost sufficiency of pricing power--pricey wages, adjustable credit costs, and a shrinking market into which to offer anything for sale.

"Crow, James Crow: Shaken, Not Stirred!"
(Then when it comes to Martians Landing(?): The Best Defense is Deut 23: 19-20! The planet is basically uninhabitable!)

The breadth and scope of the economic illiteracy of these brain droppings are truly breathtaking.

 

[Andylusion]

What comes of lower-income relief excesses? Increase of Consumer Spending two months in a row in a 33% downturn of GDP. That downturn is now better said more at the excessively middle and upper income level economies. The Republicans effectively stalled 75% of Stimulus spending, according to some reports.

U.S. consumer spending rises for second straight month, income drops further

U.S. consumer spending increased for the second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in Covid-19 cases and the end of expanded unemployment benefits.

www.cnbc.com

Suburban moms know what they feel, and it seems to be not good--but coerced, and so on(?)!

"Crow, James Crow: Shaken, Not Stirred!"
(Matthew 25: 14-30, of the Imperial Roman era, admiring of Pharaoh's subjugating. raping Egypt!)

Yeah according to some reports. In any down turn, the lower class is always going to be harmed more than the middle and upper class.

This is normal, and unavoidable.

Remember, the whole reason the middle and upper class, are the middle and upper class, is specifically because they know how to make money. People that make money, are always in demand.

People who barely make anything, are never in huge demand, because they barely make anything.

If they were in huge demand, they wouldn't be making low income.

That's basic logic 101.

If you care at all about the lower and middle class, then you should not have shut down the economy at all. That's why Japan didn't, and Sweden didn't, and other places did not.

As far as the stimulus, I support the Republicans hindering more stimulus spending. We need to stop that. Get back to work, stop all this shut down nonsense, and no more government giveaways.

 

[mascale]

From mascale, "QE3." to Illiterate Toddsterpatriot, "What about it?" then now even oddball poster can see what Illiterate Toddsterpatriot was posting about--and as though there was nothing more on which to rely. There was a subject, QE3--coming in behind the mortgage-crisis mistakes. Many were in fact bundled overseas! The banks needed credit, and in came the Fed. No bank runs are even apparent next week--since the unemployment deposits were sufficiently excessive.

There will be lesser deposit amounts, upcoming next week, in fact!

"Crow, James Crow: Shaken, Not Stirred!"
(Still: There are recently noted, "Antifa From Mars" in Portland, Oregon--Recently a Federal National in the Intel reports at RNC(?)! Deut 23: 19-20 remains in reserve--to really scare the hell out of them, even anytime soon!)

 

[Toddsterpatriot]

From mascale, "QE3." to Illiterate Toddsterpatriot, "What about it?" then now even oddball poster can see what Illiterate Toddsterpatriot was posting about--and as though there was nothing more on which to rely. There was a subject, QE3--coming in behind the mortgage-crisis mistakes. Many were in fact bundled overseas! The banks needed credit, and in came the Fed. No bank runs are even apparent next week--since the unemployment deposits were sufficiently excessive.

There will be lesser deposit amounts, upcoming next week, in fact!

"Crow, James Crow: Shaken, Not Stirred!"
(Still: There are recently noted, "Antifa From Mars" in Portland, Oregon--Recently a Federal National in the Intel reports at RNC(?)! Deut 23: 19-20 remains in reserve--to really scare the hell out of them, even anytime soon!)

You weren't stupid, you were lying.

 

[mascale]

Illiterate as usual, Toddsterpatriot poster claims that after posting a when question, mascale showing QE3, that Illiterate Toddsterpatriot posted nothing further(?)

Mascale posted:
________________________
Quantitative easing (QE) is when a central bank buys long-term securities from its member banks.
In return, it issues credit to the banks' reserves.

Where do central banks get the funds to purchase the banks' securities? They simply create them out of thin air. In the United States, only the Federal Reserve has this unique power. That's why some people say the Federal Reserve is printing money.
_________________

Illiterate Toddsterpatriot was then forced to post;
______________
On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency mortgage-backed securities (MBS) at a pace of $40 billion per month.
__________

"Crow, James Crow; Shaken, Not Stirred!'
(For further real illiteracy--See theologians discussing, Matt 25; 14-30)

 

[Toddsterpatriot]

Illiterate as usual, Toddsterpatriot poster claims that after posting a when question, mascale showing QE3, that Illiterate Toddsterpatriot posted nothing further(?)

Mascale posted:
________________________
Quantitative easing (QE) is when a central bank buys long-term securities from its member banks.
In return, it issues credit to the banks' reserves.

Where do central banks get the funds to purchase the banks' securities? They simply create them out of thin air. In the United States, only the Federal Reserve has this unique power. That's why some people say the Federal Reserve is printing money.
_________________

Illiterate Toddsterpatriot was then forced to post;
______________
On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency mortgage-backed securities (MBS) at a pace of $40 billion per month.
__________

"Crow, James Crow; Shaken, Not Stirred!'
(For further real illiteracy--See theologians discussing, Matt 25; 14-30)

Are you ever going to prove the Fed bought "bonds in default", "bank mistakes" or "commercial assets"?

Or will you continue to be a pussy?

 

[mascale]

Will continue to let the mission of the Fed be regarded pussy by anyone illiterate! Applicable interpretations can be left to the literate. There are even bank auditors, checking the compliance and other mistakes, even!

"Crow, James Crow: Shaken, Not Stirred!"
(Matt 25: 14-30, not a subject, "Laughing Matter," Even!)

 

[Toddsterpatriot]

Will continue to let the mission of the Fed be regarded pussy by anyone illiterate! Applicable interpretations can be left to the literate. There are even bank auditors, checking the compliance and other mistakes, even!

"Crow, James Crow: Shaken, Not Stirred!"
(Matt 25: 14-30, not a subject, "Laughing Matter," Even!)

I don't mind smacking your idiocy around. It takes very little effort.

Let me know if you ever find a source to back up your claims.....pussy.

 

[mascale]

Even credit default swaps happen routinely, unknown to the illiterate! The various Commercial Assets were never the subject of the thread. The Matter of "Excessive Debt" was raised in an Obiwan post, that Toddsterpatriot poster was unable to read, or comment about, in a responding post. The mascale post only alluded to banking mistakes, investors even looking to ameliorate default risk possibilities. The variety of instruments themselves were not the subject. The elimination of an "Excessive Debt" concept was about the QE abilities, not the mechanisms and varieties.

Illiterate Toddsterpatriot poster further shows no ability to include all the various mechanisms of a QE, so not much is gained except the concurrence that QE happens--the point of showing that "Excessive Debt" is not a viable concept in the newer arithmetic economies.

mascale:____________
The market sector follows credit rules as usual, but when banks screw up--then even the Federal Reserve can buy up all the mistakes: Virtually doing nothing more than pushing buttons.
____________________

"Crow, James Crow: Shaken, Not Stirred!"
(About Matthew 25: 14-30: There is some support that in fact the New Testament reference exists!)

 

[Toddsterpatriot]

Even credit default swaps happen routinely, unknown to the illiterate! The various Commercial Assets were never the subject of the thread. The Matter of "Excessive Debt" was raised in an Obiwan post, that Toddsterpatriot poster was unable to read, or comment about, in a responding post. The mascale post only alluded to banking mistakes, investors even looking to ameliorate default risk possibilities. The variety of instruments themselves were not the subject. The elimination of an "Excessive Debt" concept was about the QE abilities, not the mechanisms and varieties.

Illiterate Toddsterpatriot poster further shows no ability to include all the various mechanisms of a QE, so not much is gained except the concurrence that QE happens--the point of showing that "Excessive Debt" is not a viable concept in the newer arithmetic economies.

mascale:____________
The market sector follows credit rules as usual, but when banks screw up--then even the Federal Reserve can buy up all the mistakes: Virtually doing nothing more than pushing buttons.
____________________

"Crow, James Crow: Shaken, Not Stirred!"
(About Matthew 25: 14-30: There is some support that in fact the New Testament reference exists!)

I know you're a pussy, you know you're a pussy.......and now everyone knows.

 

[Oddball]

From mascale, "QE3." to Illiterate Toddsterpatriot, "What about it?" then now even oddball poster can see what Illiterate Toddsterpatriot was posting about--and as though there was nothing more on which to rely. There was a subject, QE3--coming in behind the mortgage-crisis mistakes. Many were in fact bundled overseas! The banks needed credit, and in came the Fed. No bank runs are even apparent next week--since the unemployment deposits were sufficiently excessive.

There will be lesser deposit amounts, upcoming next week, in fact!

"Crow, James Crow: Shaken, Not Stirred!"
(Still: There are recently noted, "Antifa From Mars" in Portland, Oregon--Recently a Federal National in the Intel reports at RNC(?)! Deut 23: 19-20 remains in reserve--to really scare the hell out of them, even anytime soon!)

Listening to you try to talk about economics is like getting tips on how to treat women from Andrew Dice Clay.

 

[Toddsterpatriot]

From mascale, "QE3." to Illiterate Toddsterpatriot, "What about it?" then now even oddball poster can see what Illiterate Toddsterpatriot was posting about--and as though there was nothing more on which to rely. There was a subject, QE3--coming in behind the mortgage-crisis mistakes. Many were in fact bundled overseas! The banks needed credit, and in came the Fed. No bank runs are even apparent next week--since the unemployment deposits were sufficiently excessive.

There will be lesser deposit amounts, upcoming next week, in fact!

"Crow, James Crow: Shaken, Not Stirred!"
(Still: There are recently noted, "Antifa From Mars" in Portland, Oregon--Recently a Federal National in the Intel reports at RNC(?)! Deut 23: 19-20 remains in reserve--to really scare the hell out of them, even anytime soon!)

Listening to you try to talk about economics is like getting tips on how to treat women from Andrew Dice Clay.

No kidding.
Can't tell if he's stoned or schizophrenic.

 

[mascale]

And so approaching the end of Illiterate driven posts, Kitty cats have never been subject of any posts, even(?)! Even sex has been no subject of post ofs mascale.

Then there are the others not supportive of any polite reply to Obiwan poster! Said posters can't even show any evidence of any Martian "Antifa," landing in Portland, Oregon. Instead the derelict federal agents: Are shown patrolling the streets of Portland, getting within raping distance of even little boys, (and maybe even little girls(?)! There is no basis of a response to protect any federal property!

Crown, Shaken, Not Stirred!
(Deut 25: 14-30 is the common prayer of millions, and so the murders are underway!)

 

[Toddsterpatriot]

And so approaching the end of Illiterate driven posts, Kitty cats have never been subject of any posts, even(?)! Even sex has been any subject of post of mascale.

Then there are the others not supportive of any polite reply to Obiwan poster!

Crown, Shaken, Not Stirred!
(Deut 25: 14-30 is the common prayer of millions, and so the murders are underway!)

You weren't lying, you were stupid .

 

[mascale]

USA, Everyday: Not too literate about Martians landing from Antifa even(?)! Trumped-Up administration sent in the agents. Now They're gone. Calm in Portland is the outcome. The allegation is that the Marians even ran away!

"Excessive Debt" is not a concept, viable anymore!

Comparing and Contrasting; The literate with all others!

"Crow, James Crow: Shaken, Not Stirred!
(The Moses Atrocity, Deut 23: 19-20, shown!)

 

[Oddball]

USA, Everyday: Not too literate about Martians landing from Antifa even(?)! Trumped-Up administration sent in the agents. Now They're gone. Calm in Portland is the outcome. The allegation is that the Marians even ran away!

"Excessive Debt" is not a concept, viable anymore!

Comparing and Contrasting; The literate with all others!

"Crow, James Crow: Shaken, Not Stirred!
(The Moses Atrocity, Deut 23: 19-20, shown!)

 

[mascale]

When two months successive personal consumption and income increase--with 30 mil. unemployed--is regarded a moral sense of superiority: Then "Ignorance is Bliss" is shown!

"Crow, James Crow: Shaken, Not Stirred!"
(Of Matt 25: 14-30, then more of a mental institution is what is getting shown, and prayed about, and for--even(?)!)

 

[Toddsterpatriot]

USA, Everyday: Not too literate about Martians landing from Antifa even(?)! Trumped-Up administration sent in the agents. Now They're gone. Calm in Portland is the outcome. The allegation is that the Marians even ran away!

"Excessive Debt" is not a concept, viable anymore!

Comparing and Contrasting; The literate with all others!

"Crow, James Crow: Shaken, Not Stirred!
(The Moses Atrocity, Deut 23: 19-20, shown!)

View attachment 370225

Ironic post from the guy afraid to post the details of Fed purchases.