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bernorange

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  1. https://www.newyorkfed.org/markets/opolicy/operating_policy_191212 T-Bills for now as I understand it.
  2. That totally sounded like a set up for a car jacking. Lucky you it was just two assholes with road rage.
  3. https://www.nationalreview.com/news/following-ig-report-senate-republicans-plan-major-reforms-to-fisa-program/
  4. I voted no tonight on the UIGHUR Act (sanctions against China) for the same reason I voted no in the Hong Kong bill two weeks ago: When our government meddles in the internal affairs of foreign countries, it invites those governments to meddle in our affairs. — Thomas Massie (@RepThomasMassie) December 4, 2019 Reasonable people can come to different conclusions on this vote but, Before expressing righteous indignation re: my vote against these sanctions, please consider whether you committed enough to the issue that you would personally go a week without buying something made in China — Thomas Massie (@RepThomasMassie) December 4, 2019
  5. NDAA = National Defense Authorization Act: https://www.congress.gov/bill/116th-congress/house-bill/2500/ It funds all sorts of cool things and next year, it's $22B more awesomer.
  6. So yesterday the Fed announced that they will be injecting ~$500B (yes, half a trillion US dollars) into the repo market over the next 30 days. I expected them to take some drastic action if necessary, but I expected them to be reactive and not proactive. They must know just how "healthy" the banking sector really is.
  7. I'm still the same. I just react to Brisket at times because he's one of the few peeps around here who generally engages in conversations honestly and I find his current hysteria a bit puzzling given the years of (less emotionally driven) conversations we have had. I don't like seeing him out on that ledge.
  8. No. I didn't say that. I said that malfeasance has always been happening. Rules didn't stop Nixon from engaging in malfeasance just like laws don't stop criminals. I think Reagan marked the end of an era. The rise of partisanship really took off during the Clinton years and seems to really have spiralled into clown show theater these days.
  9. This shit still vexes me: https://www.usatoday.com/story/opinion/2018/01/19/james-clappers-perjury-dc-made-men-dont-get-charged-lying-congress-jonathan-turley-column/1045991001/ Brisket, surely you know that Presidents have been getting away with shit since forever. Sure, once in a while a scandal surfaces and some measure of accountability is had, but only a fool would think Iran-Contra, Watergate, Filegate, etc. were the only malfeasance going on during their respective administrations. I'm not saying malfeasance in the past excuses malfeasance in the present. I'm saying that your hysteria is farcical given a historical perspective. My default assumption is that they are all abusing power. It's one reason I've been such a loud voice decrying the tools and apparatus of the surveillance state for years. If they can, they will. Best to ensure they can't than hope they won't.
  10. https://www.cbsnews.com/news/banana-art-basel-performance-artist-eats-banana-today-taped-to-wall-that-had-sold-for-120000-2019-12-07/
  11. So this analyst at Credit Suisse has worked for both the US Treasury and NY Fed. He was apparently an important cog in the response team the 2008 financial crisis. He just published an analysis of the repo market issue and says: https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=em&document_id=1081995001&serialid=3Wu3wFUMyBePtRtdFV1OMYgKjlWVo06EvleE1YFXV0o%3D&cspId=1767182447312478208&toolbar=1
  12. Short answer: JP Morgan The BIS just published a report on the issue: https://www.bis.org/publ/qtrpdf/r_qt1912v.htm ZH highlights research showing JP Morgan was withdrawing from the market (and has been for roughly a year now): https://www.zerohedge.com/markets/fed-was-suddenly-facing-multiple-ltcms-bis-offers-stunning-explanation-what-really-happened
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