Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by HairyMaclairy (1)
https://www.zerohedge.com/markets/fed-will-restart-qe-november-how-it-will-do-it
"However, and the reason why stocks shot up just before 3pm ET, is that that's when Powell added that its possible that well need to resume the organic growth of the balance sheet, earlier than we thought. ... Well be looking at this carefully in coming days and taking it up at the next meeting in late October. Said otherwise, the Fed may not have announcer QE4 yesterday, but it will likely announce it in the very near future.
Sure enough, as Goldman wrote in its FOMC post-mortem, "we took this as a fairly strong hint and now expect the Fed to resume trend growth of its balance sheet in November with permanent OMOs. It is possible that the FOMC will take that opportunity to also reach a final decision on possibly shortening the maturity composition of its purchases, which it discussed at its May meeting."
So what will the Fed's restart of QE POMO (some analysts, such as Morgan Stanley's Matt Hornbach are very sensitive not to call the return of POMO as QE even though both are effectively the monetization of US Treasurys and the US budget deficit) look like?"
"And so, in just two months QE... pardon the Fed's open market purchases of Treasurys, will return after a 5 years hiatus. Just don't call it QE, whatever you do."
Money printers are going to be very busy helping us get to 100k. Its almost as if they are our employees or personal servants
"However, and the reason why stocks shot up just before 3pm ET, is that that's when Powell added that its possible that well need to resume the organic growth of the balance sheet, earlier than we thought. ... Well be looking at this carefully in coming days and taking it up at the next meeting in late October. Said otherwise, the Fed may not have announcer QE4 yesterday, but it will likely announce it in the very near future.
Sure enough, as Goldman wrote in its FOMC post-mortem, "we took this as a fairly strong hint and now expect the Fed to resume trend growth of its balance sheet in November with permanent OMOs. It is possible that the FOMC will take that opportunity to also reach a final decision on possibly shortening the maturity composition of its purchases, which it discussed at its May meeting."
So what will the Fed's restart of QE POMO (some analysts, such as Morgan Stanley's Matt Hornbach are very sensitive not to call the return of POMO as QE even though both are effectively the monetization of US Treasurys and the US budget deficit) look like?"
"And so, in just two months QE... pardon the Fed's open market purchases of Treasurys, will return after a 5 years hiatus. Just don't call it QE, whatever you do."
Money printers are going to be very busy helping us get to 100k. Its almost as if they are our employees or personal servants
Yeah so I read that article and have no fucking clue what the hell he was saying ("organic growth" right after they printed that button of cash) so would you ELI5 this shit for us that don't speak "Insider lingo" and know what all those abbreviations mean.
The Fed has a "balance sheet." This is all the securities they own bought with
printed out of thin air. The Fed uses complex jargon that most people dont truly understand like POMO, OMO, SOMA, and QE to obfuscate the fact they are just printing money, which even 5 year olds understand.
The Fed wont let Congress audit them and the American public and most of the American politicians have no idea what assets the Fed is buying and hodling with its printed shitcoins or how many shitcoins they are really printing. We do know that the Fed is Americas largest landlord as they own trillions of dollars worth of residential mortgages.
https://www.pbs.org/newshour/economy/making-sense/how-the-feds-balance-sheet-works-and-why-investors-care
"The Feds assets are made up mostly of government-backed securities and mortgage-backed securities that are issued by Fannie Mae and Freddie Mac."
They are the primary reason housing is unaffordable for most and cities like San Fran have streets covered in poop from hoards of homeless.
If I was a powerful wizard with a magic scepter that could enslave mortal Central Bankers and put them under my spell, I would use this scepter to make the Fed print lots of money and call it POMO, OMO, QE, and lower interest rates to near zero. This would inevitably send my Bitcoin to 1 million usd each and beyond and make me a fabulously wealthy Wizard. Unfortunately I dont have this scepter, but bc Im a lucky SOB the Fed is fulfilling my fantasies by doing this of their own free will.
Now that is an ELI5 even I can follow!
via Imgflip Meme GeneratorYeah last evening when I went to bed.... I quickly opened the WO and saw XhomerX Made this HAT, thought it was a very cool one... Will wear it for a few days
Then gonna go back to the 15K battle HAT Kind of looks like an orgy.
Who believes that history repeats itself?
Source:https://twitter.com/Weightlosspro14/status/1175860149682147330
Well, maybe I don't exactly do it, but we are on our way to that stage.
Source:https://twitter.com/Weightlosspro14/status/1175860149682147330
Well, maybe I don't exactly do it, but we are on our way to that stage.
I remember that 2017 dip explicitly. It's where I realized that I'm not a trader
Yet? 
I lol'd