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Skracor247 commented Mar 22, 2020This could hurt if they don't act.
US Senate COVID-19 Bill Fails To Clear First Procedural Hurdle
- Skracor247 commented Mar 22, 2020
As long as the PetroDollar is in existence the Dollar will be in demand. HyperInflation is mitigated by demand. If they get rid of the PetroDollar then the inflation will show itself with a vengeance.
The Fed will make up to $4 trillion in loans to businesses to rescue economy, Mnuchin says
- Skracor247 commented Mar 20, 2020
We all know it is going to shrink. How can people spend money if they are supposed to go to work only? How can you stay employed if people are not buying your goods and services? This is a wacky situation.
Goldman Sachs now says US GDP will shrink 24% next quarter amid the coronavirus pandemic
- Skracor247 commented Mar 20, 2020
The more of these measures they take the more I am convinced there is a banking crisis going on behind the scenes we are not being told about.
Coordinated central bank action to further enhance the provision of U.S. dollar liquidity
- Skracor247 commented Mar 19, 2020
I am not worried about the virus 'killing us all'. It is the economic instability that will cause the most damage to our current way of living. I don't want anyone to die, ever. If the banks can find a way to rebalance this economic earthquake I ...
In response to virus, Bank of England cuts main rate to 0.1%
- Skracor247 commented Mar 19, 2020
The short answer is Supply and Demand. The detailed answer would take a full college course on Macro Economics. I don't think I could handle that right now. Not only that but economic theory is contested.
Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements...
- Skracor247 commented Mar 19, 2020
I can handle all the 10% ups. I can't handle the 50% downs. I am also holding Euro short. Heh. I play the game. I know they won't last forever. Every fiat currency has eventually gone to its true value. But, you usually get 50+ years where it is not ...
Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements...
- Skracor247 commented Mar 19, 2020
The idea is that when you have deflation you hold on because you will make money on your trade. Then when you see inflation you switch to another currency and make money while that one is strengthening. Basic, yeah?
Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements...
- Skracor247 commented Mar 19, 2020
I'll say it again. They are fighting major deflation. Here is another way to print money. I hope you are holding dollars. I am.
Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements...
- Skracor247 commented Mar 18, 2020
It could be as simple as a difference in testing methods and recommendations.
Trump: Will invoke Defense Production Act against Coronavirus
- Skracor247 commented Mar 18, 2020
At this point, Covid-19 is no longer the greatest economic concern. While it does exacerbate the problem, deflation and the failure of banks and companies are like a gun held to the economic head of the world. I look for MEGA printing of currency to ...
Trump: Will invoke Defense Production Act against Coronavirus
- Skracor247 commented Mar 18, 2020
More likely to get huge QE from SNB. They already know negative rates can only do so much.
Can We Expect The SNB To Cut?
- Skracor247 commented Mar 18, 2020
Something we have to learn as traders. They can announce measures but it takes time for them to take effect. It takes time for those Billions to make their way into the market. Panics, on the other hand, are fast and have a lot of momentum. Think of ...
BOC's Gov. Poloz will not be announcing any new measures or actions today
- Skracor247 commented Mar 18, 2020
I am really extra sad for Canada in this whole mess. Virus, oil price war, border closed. I don't see USD/CAD coming back down until OPEC gets back together. I also don't think you can say goodbye to 15% of your economy and be okay for a long time.
BOC's Gov. Poloz will not be announcing any new measures or actions today
- Skracor247 replied Mar 17, 2020
Yes, that is it. You will find that Steve has closed the thread and it is no longer open for questions. There are PDF's on there condensing all the most important member's posts. That would be the quickest way to scour that daunting thread. Have ...
You Already Know How to Trade! (Supermarket Deals)
- Skracor247 replied Mar 17, 2020
With the value of stocks decreasing you are seeing the destruction of dollars. This means dollar strength as they become more scarce. That is why you saw gold fall at the same time as stocks. It didn't fall as far though as some of the money taken ...
Pivot Trading
- Skracor247 commented Mar 17, 2020
During the 2008 crisis, all governments made these kinds of policy changes with absolutely no warning. The panic was already in place in the stock market and other markets, hence the increase in the overall value of the dollar. Lowering the rate is ...
U.S. stock futures hit limit-down band
- Skracor247 commented Mar 17, 2020
So sad they are taking advantage of people in a time of need. Just goes to show who they really serve. Hint: it's not the people. Federally sanctioned loan sharks...
Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF) to...
- Skracor247 commented Mar 16, 2020
They are. Just not you and me. They only give it to their members...
Why Did the Fed Cut Rates to Near Zero?
- Skracor247 commented Mar 16, 2020
While this move might instill fear in some it is meant to give confidence to investors reassuring them that the FED will not stand by and do nothing. Doing something is sometimes better than doing nothing. This is a very strong message to investors. ...
U.S. stock futures hit limit-down band