Greatest wealth transfer of all time... (spot the problem)

Discussion in 'Economics' started by unconventional wisdom, Oct 20, 2022.

  1. schizo

    schizo

    Generation-?

    Break that down for me. I'm an old school.
     
    #21     Oct 21, 2022
  2. Overnight

    Overnight

    The generation of no and all genders at the same time, real or imagined.
     
    #22     Oct 21, 2022
  3. schizo

    schizo

    WTF does that supposed to mean?
     
    #23     Oct 21, 2022
  4. schizo

    schizo

    Seriously, I wouldn't know what to do if I had a kid (boy) who wanted to look like Britney Spears. We live in some really effed up times.

    I’ve Spent $100,000 To Look Like Britney Spears | HOOKED ON THE LOOK

     
    #24     Oct 21, 2022
  5. Real Money

    Real Money

    The problem is how this wealth was created. The whole QE infinity, balance sheet, MBS ponzi is falling apart, and rapidly. The vast majority is paper wealth and is very quickly becoming illiquid -- stocks, bonds, corp debt, RE etc. This is why Yellen and co are so desperate to start a new (treasury side) QE program for the long bond (MBS on hold while CPI prints hot). Wall street is howling for Yellen to start a new "treasury buyback program" because the Feds hands are tied. If treasury goes nuclear with infinite buy backs, this is defacto yield curve control and we have gone full banana.
     
    #25     Oct 21, 2022
  6. schizo

    schizo

    Ponzi schemes will work as long as there are fools to dupe, and there are plenty.

    Anyway, George Gammon mentioned this earlier, which I thought interesting: The birth of TREASURY RESERVE.

     
    #26     Oct 22, 2022
    Real Money likes this.