Federal Reserve is gonna have live speeches every week now ? He did another 360 today, with balance sheet comments, this is becoming circus... Powell came through in the clutch! AHHAAHHA
Very worried? The fed should have always been worried.....how long do you possibly think the debt can keep going before all world economies collapse... Fed Chairman Powell says he is 'very worried' about growing amount of U.S. debt Thomas Franck | @tomwfranck Published 35 Mins AgoUpdated 1 Min Ago
Well, the gubmint owes the federal reserve something like $2.5 trillion. Maybe they could just forgive it if they were so worried? It would help a bit.
39 minutes into his speech is the money part.. Balance sheet will be substantially smaller then it is now! Who is buying Sp 500 Lots besides PPT ? They are in deep panic mode right now at the Fed
Powell says he is 'very worried' about growing amount of U.S. debt "I'm very worried about it," Fed Powell said Thursday. "It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face." Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more than $1 trillion. In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden. Thomas Franck | @tomwfranck https://www.cnbc.com/2019/01/10/fed...-worried-about-growing-amount-of-us-debt.html
The recent dovish statements, and the Fed's retreat from their rate hike frightens me. It's ultimately an admission that the economy is not strong enough to support the planned increases. Worrying also is the dramatic effect of AAPL's plunge. It dragged down the whole tech sector, and ultimately the whole S&P. Half of the recovery from the Great Recession was a farce, based on buybacks; the other half was tech, which is cooling off. This Combined with the worrying debt statements... Is China selling their US Bonds? Time to go long on GOLD.
Gold will be good but risky when selling off frenzy starts, which could be any time at this point. In peak 08 recession, everything got sold off, everything... Feb 10th 08 was 972 US an ounce, October 7th 2008 was 732
https://www.federalreserve.gov/newsevents/pressreleases/other20190110a.htm The Federal Reserve Banks had interest expense of $38.5 billion primarily associated with reserve balances held by depository institutions, and incurred interest expense of $4.6 billion on securities sold under agreement to repurchase. Fed paid the banks 38.5 Billion in 2018! Not a bad racket Wall Street has setup, haha
%% Not to worry; Donald trump has been thru bankruptcy several times.While appointed by Pres, Fed is a private co, like Federal Express.I would like to see them audited ,as Senator Paul called for