Angry ginger Posted December 13, 2019 Share Posted December 13, 2019 3 minutes ago, racer254 said: So mortgage rates should go down some more? things that pump the stock market are not good for mortgage rates. Wish this whole china thing would settle because nothing worse than the whipping around we are seeing now when trying to give advice. if we do see a recession come that may drive rates lower but those signs have been waning and rates rising over the last 60 days or so. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 13, 2019 Share Posted December 13, 2019 5 minutes ago, racer254 said: So mortgage rates should go down some more? I don't see them going up any time soon. Quote Link to comment Share on other sites More sharing options...
racer254 Posted December 13, 2019 Share Posted December 13, 2019 2 minutes ago, Angry ginger said: things that pump the stock market are not good for mortgage rates. Wish this whole china thing would settle because nothing worse than the whipping around we are seeing now when trying to give advice. if we do see a recession come that may drive rates lower but those signs have been waning and rates rising over the last 60 days or so. The rates have been steady over the last 60 days from what I have seen. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted December 13, 2019 Share Posted December 13, 2019 1 hour ago, Mainecat said: History ALWAYS repeats itself. The next one will be the largest as Trump will do what his supporters voted him in office for...bankrupt the country. so back to the bet you have made it clear you have no extra money to play with . so looser hast to let other guy pick his avatars every week for 6 mo . for some on as sure of him self as you this is a win win . Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted December 13, 2019 Gold Member Share Posted December 13, 2019 2 hours ago, steve from amherst said: Your machine shop buddy needs to find new customers. Most machine shops are jamming right now. We are handing out 3 to 4 month deliveries on simple jobs. Never seen it this busy. Quote Link to comment Share on other sites More sharing options...
Rod Posted December 13, 2019 Share Posted December 13, 2019 1 hour ago, ArcticCrusher said: I don't see them going up any time soon. Especially not here since we’re going into recession Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 13, 2019 Share Posted December 13, 2019 2 hours ago, f7ben said: Why are banks facing a sudden liquidity crunch??? If their commercial ops are unable to meet liquidity requirements then they should be moving funds from investment arms to meet those requitements. Apparently the fed disagrees with you. Quote Link to comment Share on other sites More sharing options...
frenchy Posted December 13, 2019 Share Posted December 13, 2019 1 minute ago, DriftBusta said: Apparently the fed disagrees with you. The fed is being bullied by trump and caving. In doing so they are not fulfilling their mandate. A true 'strong' economy needs a reasonable cost of capital for resource allocation and long term sustainable growth. Chasing rates to the bottom and bullying the fed to hold on rates is not the way to go about that. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 13, 2019 Author Share Posted December 13, 2019 Just now, DriftBusta said: Apparently the fed disagrees with you. Because the Fed is apparently acting without mandate as a rogue financial instrument bankrupting our future. What right do they have to simply print 1.5 trillion dollars for bo reason other than to allow banks to keep 100% of available liquidity invested creating a potential interest rate crisis. If this is an issue of liquidity reserves than raise the liquidity mandate. Better yet just reinstate Glass Steagal and these banks can go fuck themselves instead of leveraging our children's futures so they can gamble on the bubble market 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 13, 2019 Share Posted December 13, 2019 5 minutes ago, f7ben said: Because the Fed is apparently acting without mandate as a rogue financial instrument bankrupting our future. What right do they have to simply print 1.5 trillion dollars for bo reason other than to allow banks to keep 100% of available liquidity invested creating a potential interest rate crisis. If this is an issue of liquidity reserves than raise the liquidity mandate. Better yet just reinstate Glass Steagal and these banks can go fuck themselves instead of leveraging our children's futures so they can gamble on the bubble market We def agree on Glass Steagal, it’s half the reason they’ve had to enact all these new laws since, to curb abuses by banks who peddle investments as a sideline. I don’t agree with Frenchy about Trump bullying anyone at the fed based on some of their public statements to that effect. I don’t entirely disagree either. But again, none of this should alter your personal long term retirement investing strategy. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 13, 2019 Author Share Posted December 13, 2019 9 minutes ago, DriftBusta said: We def agree on Glass Steagal, it’s half the reason they’ve had to enact all these new laws since, to curb abuses by banks who peddle investments as a sideline. I don’t agree with Frenchy about Trump bullying anyone at the fed based on some of their public statements to that effect. I don’t entirely disagree either. But again, none of this should alter your personal long term retirement investing strategy. I'm not talking about me personally and I dont think Trump has a thing to do with this Repo crisis and resultant QE. I think the Fed is either staving off some massive Black Swan debt bubble or at worst they are simply enriching banks and those in the know by picking winners and financing it on the backs of our children. Its sickening Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 13, 2019 Author Share Posted December 13, 2019 1 hour ago, bussman said: China has the equivalent of some 60 trillion in debt. I agree, something massive is going on and we are not in the know. China is letting some State Owned Enterprises default on their debt. There are many more coming. I think Banks probably have a lot of exposure to those firms. Quote Link to comment Share on other sites More sharing options...
frenchy Posted December 13, 2019 Share Posted December 13, 2019 1 hour ago, DriftBusta said: We def agree on Glass Steagal, it’s half the reason they’ve had to enact all these new laws since, to curb abuses by banks who peddle investments as a sideline. I don’t agree with Frenchy about Trump bullying anyone at the fed based on some of their public statements to that effect. I don’t entirely disagree either. But again, none of this should alter your personal long term retirement investing strategy. didn't Trump refer to Powell as an enemy of the state? 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 13, 2019 Platinum Contributing Member Share Posted December 13, 2019 3 hours ago, frenchy said: didn't Trump refer to Powell as an enemy of the state? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 13, 2019 Share Posted December 13, 2019 5 hours ago, DriftBusta said: We def agree on Glass Steagal, it’s half the reason they’ve had to enact all these new laws since, to curb abuses by banks who peddle investments as a sideline. I don’t agree with Frenchy about Trump bullying anyone at the fed based on some of their public statements to that effect. I don’t entirely disagree either. But again, none of this should alter your personal long term retirement investing strategy. Oh nos, we need to act on every headline. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 14, 2019 Author Share Posted December 14, 2019 1 hour ago, ArcticCrusher said: Oh nos, we need to act on every headline. Yuh....the debt crisis is just a headline Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 14, 2019 Share Posted December 14, 2019 7 minutes ago, f7ben said: Yuh....the debt crisis is just a headline It's way above yours and my paygrades and does fuck all for long term planning. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 14, 2019 Author Share Posted December 14, 2019 1 hour ago, ArcticCrusher said: It's way above yours and my paygrades and does fuck all for long term planning. That doesnt make it right Quote Link to comment Share on other sites More sharing options...
old indy Posted December 14, 2019 Share Posted December 14, 2019 (edited) look at things overall, worldwide. economys declining pretty much everywhere. were bound to follow at some point. just how bad?? Edited December 14, 2019 by old indy Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 14, 2019 Author Share Posted December 14, 2019 14 minutes ago, old indy said: look at things overall, worldwide. economys declining pretty much everywhere. were bound to follow at some point. just how bad?? No.....we can spend our way out this time for sure Quote Link to comment Share on other sites More sharing options...
Anler Posted December 14, 2019 Share Posted December 14, 2019 11 hours ago, f7ben said: Why not just print another 10 trillion and purchase equities. Could be 100k!! Turn this bitch up to eleventy! Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 14, 2019 Author Share Posted December 14, 2019 Just now, Anler said: Turn this bitch up to eleventy! MAGA!!! Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted December 14, 2019 Share Posted December 14, 2019 14 hours ago, f7ben said: Just through year end. Something really significant is going on d we arent being told about it. That will be nearly 1.5 trillion of QE in a matter of a few months without any answers at all. Not to worry, I was informed that this QE is totally different and only good, and the Obama QE wasn't... Neal Quote Link to comment Share on other sites More sharing options...
Anler Posted December 14, 2019 Share Posted December 14, 2019 Haha remember when Obama wanted an $800 billion stimulus package and neocons lost their shit? Said "no action is the best action! Fuck socialism!" Fed pumps $1.5 trillion into the markets to bail out banks. Neocons "haha, nothing you need to worry about stupid liberals" Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 14, 2019 Author Share Posted December 14, 2019 9 minutes ago, Anler said: Haha remember when Obama wanted an $800 billion stimulus package and neocons lost their shit? Said "no action is the best action! Fuck socialism!" Fed pumps $1.5 trillion into the markets to bail out banks. Neocons "haha, nothing you need to worry about stupid liberals" HOW HAS THIS AFFECTED YOUR LIFE DERP Quote Link to comment Share on other sites More sharing options...
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