OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

His “cash is trash” will go down as one of the worst calls in history.

I wonder how renaissance technologies is doing. My friends are begging me to manage their money for them, I jokingly said I want my 2/20% but I might raise that to 4/40% if I’m outperforming Simmons.

How about 2/25...where shall I wire funds?? :wink:
 
I hope we come down more to continue building positions. I’m falling in love with the prospects of Pinterest. Their MAU trumps twitters, the ads blend in seamlessly with content and actually lead to relevant purchases. My wife is planning a baby shower for her sister and right in the middle of search is a target ad labeled baby shower supplies and it’s linked to baby clothes and baby gifts items. That’s beautiful I’m going to be adding and accumulating this one for a while. Wholeheartedly believe it should be at least $30 in a normal environment.
 
I hope we come down more to continue building positions. I’m falling in love with the prospects of Pinterest. Their MAU trumps twitters, the ads blend in seamlessly with content and actually lead to relevant purchases. My wife is planning a baby shower for her sister and right in the middle of search is a target ad labeled baby shower supplies and it’s linked to baby clothes and baby gifts items. That’s beautiful I’m going to be adding and accumulating this one for a while. Wholeheartedly believe it should be at least $30 in a normal environment.

Lot of bloggers are making a killing linking back to Pinterest
 
U.S PRESIDENT TRUMP SAYS FED PURCHASE OF U.S. TREASURIES AND MORTGAGE-BACKED SECURITIES IS 'VERY GOOD NEWS'
 

Coordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

These central banks have agreed to lower the pricing on the standing U.S. dollar liquidity swap arrangements by 25 basis points, so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 25 basis points. To increase the swap lines' effectiveness in providing term liquidity, the foreign central banks with regular U.S. dollar liquidity operations have also agreed to begin offering U.S. dollars weekly in each jurisdiction with an 84-day maturity, in addition to the 1-week maturity operations currently offered. These changes will take effect with the next scheduled operations during the week of March 16.1 The new pricing and maturity offerings will remain in place as long as appropriate to support the smooth functioning of U.S. dollar funding markets.

The swap lines are available standing facilities and serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to mitigate the effects of such strains on the supply of credit to households and businesses, both domestically and abroad.
 

Federal Reserve Actions to Support the Flow of Credit to Households and Businesses
The Federal Reserve is carefully monitoring credit markets and is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals. In addition to actions taken by the Federal Open Market Committee, including actions taken in coordination with other central banks, the Federal Reserve Board announced a series of actions in support of these goals. These actions are summarized below.

Discount Window
Federal Reserve lending to depository institutions (the "discount window") plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. By providing ready access to funding, the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress. Thus, the discount window supports the smooth flow of credit to households and businesses. Providing liquidity in this way is one of the original purposes of the Federal Reserve System and other central banks around the world.

The Federal Reserve encourages depository institutions to turn to the discount window to help meet demands for credit from households and businesses at this time. In support of this goal, the Board today announced that it will lower the primary credit rate by 150 basis points to 0.25 percent, effective March 16, 2020. This reduction in the primary credit rate reflects both the 100 basis point reduction in the target range for the federal funds rate and a 50 basis point narrowing in the primary credit rate relative to the top of the target range. Narrowing the spread of the primary credit rate relative to the general level of overnight interest rates should help encourage more active use of the window by depository institutions to meet unexpected funding needs. To further enhance the role of the discount window as a tool for banks in addressing potential funding pressures, the Board also today announced that depository institutions may borrow from the discount window for periods as long as 90 days, prepayable and renewable by the borrower on a daily basis. The Federal Reserve continues to accept the same broad range of collateral for discount window loans.

Intraday Credit
The availability of intraday credit from the Federal Reserve supports the smooth functioning of payment systems and the settlement and clearing of transactions across a range of credit markets. The Federal Reserve encourages depository institutions to utilize intraday credit extended by Reserve Banks, on both a collateralized and uncollateralized basis, to support the provision of liquidity to households and businesses and the general smooth functioning of payment systems.

Bank Capital and Liquidity Buffers
The Federal Reserve is encouraging banks to use their capital and liquidity buffers as they lend to households and businesses who are affected by the coronavirus.

Since the global financial crisis of 2007-2008, U.S. bank holding companies have built up substantial levels of capital and liquidity in excess of regulatory minimums and buffers. The largest firms have $1.3 trillion in common equity and hold $2.9 trillion in high quality liquid assets. The U.S. banking agencies have also significantly increased capital and liquidity requirements, including improving the quality of regulatory capital, raising minimum capital requirements, establishing capital and liquidity buffers, and implementing annual capital stress tests.

These capital and liquidity buffers are designed to support the economy in adverse situations and allow banks to continue to serve households and businesses. The Federal Reserve supports firms that choose to use their capital and liquidity buffers to lend and undertake other supportive actions in a safe and sound manner.

Reserve Requirements
For many years, reserve requirements played a central role in the implementation of monetary policy by creating a stable demand for reserves. In January 2019, the FOMC announced its intention to implement monetary policy in an ample reserves regime. Reserve requirements do not play a significant role in this operating framework.

In light of the shift to an ample reserves regime, the Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This action eliminates reserve requirements for thousands of depository institutions and will help to support lending to households and businesses.
 
Trump is a ****ing criminal and I hate that he's getting away with this BS. Feds really about to sacrifice the long-term health of the economy to appease our POS president...:smh::smh:


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*S&P 500 futures down 4.3%; Nasdaq-100 futures fall 3.6%

HERE COMES NEGATIVE RATES!!!!!

How long did it take for Rome to Fall???
 
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