Did They Lose Control Today?

[Old Cowzilla]

What is the longest term you can lock in int. for home mortgage now? Seems this would be as good as its gets unless housing crash and buy houses for 1/2 price a few years from now.

[Austrian Economics]

During previous market gyrations, there were those who would claim that traders/investors are driving fed policy by their actions in the market. Punishing or rewarding the feds action or lack of action by selling the market(s) or selling them off. The fed is forced to respond to avoid a complete crash or melt up. Any validity to that, or is it just herd mentality at work. If so, is that what we are seeing right now?

Since fiat currencies are nothing more than a chain of IOUs, a system like this requires the constant infusion of more IOUs in order to create new bonds with which previous debt can be serviced. Stop that process and the whole debt pyramid collapses.

If the central banks even decide to become inactive in this regard, a melt down will ensue. They need to step in and buy bonds in order to keep the rate of interest from drifting upwards and triggering an avalanche of defaults.

Right now, central banks are trying to pretend that they can sit back and wait while the economy "recovers". They do this because they don't want to admit that perpetual open market operations are necessary to prevent a monetary crisis. This would call into question their claims that the economy can someday "normalize".

[jazz]

That is a long way from the 90% you claim.

Corrected, the article I saw said 90% of the high risk age group, not the entire population.

Either way, its not good news, they have said there will be no talk of ending lockdowns until end of April. Thats 10 more weeks.

If thats the template, we have many months before anything opens up again like before. Canada could be another yr.

[macdon02]

https://www.zerohedge.com/markets/here-we-go-again-zoltan-warns-repo-market-verge-major-shock-key-funding-rate-turns-negative

This guy needs to be listened to.

[jazz]

https://www.zerohedge.com/markets/here-we-go-again-zoltan-warns-repo-market-verge-major-shock-key-funding-rate-turns-negative

This guy needs to be listened to.

This was on the wires today as well. I dont know if this is hype by wall street trying to get some new rules put it or what. The entire market is $33T in size so I dont know how one stock could threaten all that.

https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html?&qsearchterm=gamestop

[jazz]

https://ca.finance.yahoo.com/news/world-pay-more-meat-food-050000496.html The World Will Pay More for Meat as Food Inflation Deepens