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The Fed Intervened in Overnight Lending for First Time Since the Crash. Why It Matters to You.
"Here’s what should concern every engaged American: As of June 30 of this year, the four largest banks on Wall Street (which are allowed to own Federally insured commercial banks as well as stock, bond and derivative gambling casinos known as investment banks) held more than $5.45 trillion in deposits.
"The breakdown is as follows: JPMorgan Chase holds $1.6 trillion; Bank of America has $1.44 trillion; Wells Fargo has $1.35 trillion; and Citibank is home to just over $1 trillion.
"A number of excuses have been offered by the business press to explain why the New York Fed had to ride to the rescue yesterday but the very simple question is this: how can four banks with $5.45 trillion in deposits not be able to cough up $53 billion in overnight loans."
How can four banks with $5.45 trillion in deposits find themselves unable to cover $53 billion in repos?
how can four banks with $5.45 trillion in deposits not be able to cough up $53 billion in overnight loans."
Maybe they are part of the need side?Uncle Billy lost the deposits??how can four banks with $5.45 trillion in deposits not be able to cough up $53 billion in overnight loans."
Maybe they are part of the need side?
Probably a better explanation that anything else I've heard to date
Another day, another $75B. HUD's annual budget is $50B, surely the Progressives Communists will say, "If we can spend $75B to bail out the financial markets ....(insert wish list)
The $22 trillion Question:Another day, another $75B. HUD's annual budget is $50B, surely the Progressives Communists will say, "If we can spend $75B to bail out the financial markets ....(insert wish list)
Market Watch is reporting a $75 BILLION repurchase for one calendar (over night) day.
Fed carries out repo operation for second straight day
What does this tell US?
It tells US that in a nation that completely fails to question its' clueless leadership at the highest level, when we do finally fall flat on our collective financial ass, we will get what we voted for & what we deserve.
Enjoy the ride because it's gonna be a bitch; you won't even have to pay to get on a roller coaster.
I keep wondering why we put ourselves through this over and over again.
Conservative economics destroy our economy.
Then a democratic president comes behind and cleans up the mess. It's cleaned up and another conservative is elected to destroy it all. Again.
I wish we could stop this rollercoaster.
With record low unemployment, 17 consecutive months of having more jobs available than people to fill them and over 150 record stock market closes since Trump took office......I'll take him over Mr Obozo Von Foodstamps anyday.
Your selective memory is duly noted. Perhaps you missed the lesson in Econ 101 where they talked about Clinton handing Bush a dot-com bubble where trillions were lost in the stock market.
U must be a fucking moron: The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
Trump's record is NO WHERE near that; period.
ALSO, the employment percentage increased at a GREATER RATE during Obama's tenure than it has, to date, during Trump's tenure.
Get the fuck out of your baby diapers & learn fucking something, dude.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
I have checked my sources more than I have screwed a French whore in the French Quarter in New Orleans, or as we say; Nawlins.
Your figures are BUNK. Go back & check YO self B 4 U wreck YO self.
I have checked my sources
It's possible your sources are dumber than you.
View attachment 279966
View attachment 279967
View attachment 279968
View attachment 279969
If you have trouble with the math, be sure to ask.
I'm always happy to run through the numbers with liberal morons.
Please see the below link & the attached chart.
Stock Market Performance by President
You can see that during Obama's tenure the DJIA increased 148.3%.
I stated EARLIER that the increase was 148% so, I was wrong.
It was ACTUALLY 0.3% HIGHER than what I stated at 148.3%; NOT at 148.0%
The 148.3% increase over the 8 year tenure of Obama represents an annualized increase of 18.54%.
During Trump's tenure to date the DJIA has increased < 37%.
The DJIA topped out on July 7, 2019 @ 27,332.
There is NO WAY IN HELL the DJIA will perform during Trump's tenure at the level the DJIA performed during Obama's tenure.
If you believe otherwise then you are completely fucked in the head.
You are welcome, jack ass.
Like I said, it's possible your sources are dumber than you.
You can see that during Obama's tenure the DJIA increased 148.3%.
If you used the actual numbers I posted, you'd see the error.
The 148.3% increase over the 8 year tenure of Obama represents an annualized increase of 18.54%.
Wow. You're a fucking moron.
The day of Obama's first inauguration, January 20, 2009, the DJIA closed at 7550.
The last trading day of Obama's presidency, January 19, 2017, the DJIA closed at 19743.
Here is yet another article showing the DJIA increased 148.3% during Obama's tenure.
How the stock market performed under every president for the past 100 years
• DJIA performance: +148.3 percent
• Served from: Jan. 20, 2009 - Jan. 20, 2017
• Months in office: 96
• Party affiliation: Democrat
I guess they are wrong too?
So, your implication is everyone is wrong, except you? LOFL you dumb shit.
GFYS ..................
Market Watch is reporting a $75 BILLION repurchase for one calendar (over night) day.
Fed carries out repo operation for second straight day
What does this tell US?
It tells US that in a nation that completely fails to question its' clueless leadership at the highest level, when we do finally fall flat on our collective financial ass, we will get what we voted for & what we deserve.
Enjoy the ride because it's gonna be a bitch; you won't even have to pay to get on a roller coaster.
I keep wondering why we put ourselves through this over and over again.
Conservative economics destroy our economy.
Then a democratic president comes behind and cleans up the mess. It's cleaned up and another conservative is elected to destroy it all. Again.
I wish we could stop this rollercoaster.
With record low unemployment, 17 consecutive months of having more jobs available than people to fill them and over 150 record stock market closes since Trump took office......I'll take him over Mr Obozo Von Foodstamps anyday.
Your selective memory is duly noted. Perhaps you missed the lesson in Econ 101 where they talked about Clinton handing Bush a dot-com bubble where trillions were lost in the stock market.
U must be a fucking moron: The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
Trump's record is NO WHERE near that; period.
ALSO, the employment percentage increased at a GREATER RATE during Obama's tenure than it has, to date, during Trump's tenure.
Get the fuck out of your baby diapers & learn fucking something, dude.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
Market Watch is reporting a $75 BILLION repurchase for one calendar (over night) day.
Fed carries out repo operation for second straight day
What does this tell US?
It tells US that in a nation that completely fails to question its' clueless leadership at the highest level, when we do finally fall flat on our collective financial ass, we will get what we voted for & what we deserve.
Enjoy the ride because it's gonna be a bitch; you won't even have to pay to get on a roller coaster.
I keep wondering why we put ourselves through this over and over again.
Conservative economics destroy our economy.
Then a democratic president comes behind and cleans up the mess. It's cleaned up and another conservative is elected to destroy it all. Again.
I wish we could stop this rollercoaster.
I keep wondering why we put ourselves through this over and over again.
Conservative economics destroy our economy.
Then a democratic president comes behind and cleans up the mess. It's cleaned up and another conservative is elected to destroy it all. Again.
I wish we could stop this rollercoaster.
With record low unemployment, 17 consecutive months of having more jobs available than people to fill them and over 150 record stock market closes since Trump took office......I'll take him over Mr Obozo Von Foodstamps anyday.
Your selective memory is duly noted. Perhaps you missed the lesson in Econ 101 where they talked about Clinton handing Bush a dot-com bubble where trillions were lost in the stock market.
U must be a fucking moron: The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
Trump's record is NO WHERE near that; period.
ALSO, the employment percentage increased at a GREATER RATE during Obama's tenure than it has, to date, during Trump's tenure.
Get the fuck out of your baby diapers & learn fucking something, dude.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Where was the Dow Jones when Obama took office?
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,550.29, the lowest inaugural performance for the Dow since its creation in 1896.
Someone in this conversation does NOT understand simple division.
With record low unemployment, 17 consecutive months of having more jobs available than people to fill them and over 150 record stock market closes since Trump took office......I'll take him over Mr Obozo Von Foodstamps anyday.
Your selective memory is duly noted. Perhaps you missed the lesson in Econ 101 where they talked about Clinton handing Bush a dot-com bubble where trillions were lost in the stock market.
U must be a fucking moron: The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
Trump's record is NO WHERE near that; period.
ALSO, the employment percentage increased at a GREATER RATE during Obama's tenure than it has, to date, during Trump's tenure.
Get the fuck out of your baby diapers & learn fucking something, dude.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Why don't you tell US all what 138 divided by 8 equals? We can wait .................
Where was the Dow Jones when Obama took office?
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,550.29, the lowest inaugural performance for the Dow since its creation in 1896.
Someone in this conversation does NOT understand simple division.
View attachment 280081
How did the Dow Jones Industrial do under Barack Obama vs. past presidents?
U must be a fucking moron: The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
Trump's record is NO WHERE near that; period.
ALSO, the employment percentage increased at a GREATER RATE during Obama's tenure than it has, to date, during Trump's tenure.
Get the fuck out of your baby diapers & learn fucking something, dude.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Why don't you tell US all what 138 divided by 8 equals? We can wait .................
Are you dividing because you're an idiot?
Just incase
Where was the Dow Jones when Obama took office?
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,550.29, the lowest inaugural performance for the Dow since its creation in 1896.
Someone in this conversation does NOT understand simple division.
View attachment 280081
How did the Dow Jones Industrial do under Barack Obama vs. past presidents?
Obama served two terms aka 8 years. I know that's a tuff one for you to get but it's true.
Obama served two terms aka 8 years.
The DJIA experienced a 148% increase during Obama's tenure. That is an annual average increase of 18.5%.
The Dow closed at 8281 on the trading day before Obama took office.
The Dow closed at 19,732 on the trading day before Obama left office.
138% increase. 11.4% average annual increase. Not close to 18.5%.
Of course 1,400 points of that (7.6%), happened after Trump beat that corrupt old sot.
Giving Obama a 121% increase. Or 10.7% annually over 93.5 months.
Versus Trump's approximately 14.5% annual increase over the 34.33 months since he was elected.
18,332>>>>27,147
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Why don't you tell US all what 138 divided by 8 equals? We can wait .................
Are you dividing because you're an idiot?
So, you don't understand how to determine an annual average, based on an 8 year period?
OK
Well; that is pretty special
That's a good question. I havn't seen anything directly on point online, but then I haven't spent a lot of time. Yesterday, I heard an interview on NPR, and the main idea was a) the Fed just didn't anticipate so much repo activity and the post-2007 regulations resulted in less private money in the overnite market.I'm at a loss to understand how $50B suddenly sneaks up on the entire US banking system and turns into a "big fucking deal". Are US banks THAT short on cash?
Just incase
Where was the Dow Jones when Obama took office?
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,550.29, the lowest inaugural performance for the Dow since its creation in 1896.
Someone in this conversation does NOT understand simple division.
View attachment 280081
How did the Dow Jones Industrial do under Barack Obama vs. past presidents?
Obama served two terms aka 8 years. I know that's a tuff one for you to get but it's true.
Obama served two terms aka 8 years.
Did you notice the starting point? 7949? Not 7550.
If you look at the above bolded & underlined it states, "138% increase. 11.4% average annual increase."
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
And you are the one in the conversation that claims I have issues with math.
So, you graduated what, 1st grade?
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Why don't you tell US all what 138 divided by 8 equals? We can wait .................
Are you dividing because you're an idiot?
So, you don't understand how to determine an annual average, based on an 8 year period?
OK
Well; that is pretty special
I do understand, that's why I know a moron who divides by 8 is a moron.
DURR.
Just incase
Where was the Dow Jones when Obama took office?
When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,550.29, the lowest inaugural performance for the Dow since its creation in 1896.
Someone in this conversation does NOT understand simple division.
View attachment 280081
How did the Dow Jones Industrial do under Barack Obama vs. past presidents?
Obama served two terms aka 8 years. I know that's a tuff one for you to get but it's true.
Obama served two terms aka 8 years.
Did you notice the starting point? 7949? Not 7550.
138/8 = 17.25%
How in Hell did you come up with, "11.4% average annual increase" when the math tells US it is 17.25%?
Wow. You're a fucking moron.
And you are the one in the conversation that claims I have issues with math.
Huge issues, obviously.
Print out your post and show it to your math teacher tomorrow.
They might even give you extra credit if you can figure out your error.
Toro Check out the idiot.
Why don't you tell US all what 138 divided by 8 equals? We can wait .................
Are you dividing because you're an idiot?
So, you don't understand how to determine an annual average, based on an 8 year period?
OK
Well; that is pretty special
I do understand, that's why I know a moron who divides by 8 is a moron.
DURR.
So, you still don't understand how to determine an annual average, based on an 8 year period.
Well, I would say there is basically no hope for you, when it comes to second grade level mathematics.
Maybe you would be better adapt at something like learning first grade reading basics?
