Originally Posted By: Steelheadman
The financial markets are getting ready to crash! NY Fed just injected $53B into the financial markets by buying Treasuries and other securities. Ready to inject another $75B. "It's unprecedented, at least in the post-crisis era," said Mark Cabana, rates strategist at Bank of America Merrill Lynch." Pumping money into the system to artificially keep rates low. The rate on overnight repurchase agreements hit 5% on Monday, according to Refinitiv data. That's up from 2.29% late last week and well above the target range set in July by the Federal Reserve, which is 2% to 2.25%. The surge continued Tuesday, with the overnight rate hitting a high of 10% before the NY Fed stepped in. Pumping money into the system to artificially keep rates low. NY Fed

$1 Trillion dollar deficits are not sustainable. Hey but Trump the Communist/Socialist has already redistributed money from consumers affected by tariffs to frmers hurt by his tariffs. Essentialy buying votes from farmers.


Art of the Deal

lol

Wait until Hanks sucks his schlong for all this socialism.
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She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames