Posted on 10/04/2019 4:17:16 PM PDT by Enlightened1
Edited on 10/04/2019 5:27:32 PM PDT by Admin Moderator. [history]
New York (AFP) - The New York Federal Reserve Bank said Friday it will continue to inject billions into the US financial plumbing on a daily basis through November 4, extending the operations by three weeks.
The effort, begun in mid-September, is aimed at preventing a spike in short-term interest rates, the New York Fed said in a statement.
(Excerpt) Read more at news.yahoo.com ...
I didn’t ask DuckDuckGo.
I asked you.
What’s the collateral?
L
Yes, I was talking about physical gold. Sometimes I just see what I want to see. 8>)
LOL
Well THANK YOU because NOW I need to see why gold stocks moved on a day when gold didn’t AND the stock market rallied, which is usually contra what gold does.
Speculators probably. 8>)
so the pumping money into the economy SHOULD raise gold but it didn’t but gold stock prices went up.
I need to look into this!! :)
I didn’t ask DuckDuckGo.
I asked you.
What’s the collateral?
L
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LOL - Did you go through school conning people to do your research and papers? I told you a simple way to find out for yourself — research skills are valuable and you should develop your own. Now go away before I take your lunch money. ;-)
I’m getting soft in my old age so a link follows with some more info on repos. There’s a lot more detailed info “out there” if you’re interested.
https://www.investopedia.com/terms/r/repurchaseagreement.asp
Through Monday November 4.
The day before Election Day.
Then the spigot is closed, the crash comes, and the Fed casts its ballot.
So the collateral is a piece of paper then.
That’s what I wanted to know.
Thanks.
L
So the collateral is a piece of paper then.
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You’re pretty much hopeless. Some paper is good. I certainly can’t eat a stack of one hundred dollar bills but I’ll take them.
“Some paper is good.”
That’s what they said about the mortgages they tranched.
In the end they were paper. Just paper.
L
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