⚠️The stock market's 30% gain in 2019 was part backed by the Fed's decision to cut US interest rates 3x & inject more than $1 TRILLION of temporary financing into the repo market.
It also added more than $400B to its balance sheet in the fourth quarter.
axios.com/federal-reserv…
It also added more than $400B to its balance sheet in the fourth quarter.
axios.com/federal-reserv…
^^ h/t @911CORLEBRA777
1/18/20 Repo operations already have caused the Fed to buy a net $400 billion worth of securities, after Chairman Jerome Powell shrank the Fed’s balance sheet by $700 billion.
marketwatch.com/story/the-fede…
marketwatch.com/story/the-fede…
Powell and the Fed have repeatedly denied this is a new phase of “quantitative easing (QE),” three rounds of which added $3.6 trillion to the Fed’s balance sheet in the years after the financial crisis.
marketwatch.com/story/the-fede…
marketwatch.com/story/the-fede…
“Analysts on QE (+other indicators) forecast an epic crash.”
Primary Dealers Show Big Demand for Longer-Term Repos
Intervention by New York Fed leads to little change in overall temporary liquidity
wsj.com/articles/prima…
Intervention by New York Fed leads to little change in overall temporary liquidity
wsj.com/articles/prima…
While Trump spent the year boasting that the U.S. job market was the strongest it's ever been, 2019 saw job growth slow to an eight-year low.
msnbc.com/rachel-maddow-…
msnbc.com/rachel-maddow-…
What's more, the best year for jobs during Trump's presidency -- 2.31 million in 2018 -- fails to reach the job growth in any of the three final years of Barack Obama's presidency.
msnbc.com/rachel-maddow-…
msnbc.com/rachel-maddow-…
Trump has now been in office for 36 full months -- Feb 2017 >Jan 2020 -- and in that time, the economy has created 6.56 million jobs.
In the 36 months preceding Trump's presidency -- February 2014 to January 2017 -- the economy created 8.08 million jobs.
msnbc.com/rachel-maddow-…
In the 36 months preceding Trump's presidency -- February 2014 to January 2017 -- the economy created 8.08 million jobs.
msnbc.com/rachel-maddow-…
May 2018: Trump Signs Biggest Rollback of Bank Rules Since Dodd-Frank Act
5/24/2018, 9:20:10 AM
bloomberg.com/news/articles/…
5/24/2018, 9:20:10 AM
bloomberg.com/news/articles/…
1/31/20 The Federal Reserve on Thursday approved a proposal to loosen the financial-crisis era Volcker Rule, that prevents banks from investing in venture capital funds.
📌The Volcker Rule was created after the 2008 financial meltdown.
courthousenews.com/federal-reserv…
📌The Volcker Rule was created after the 2008 financial meltdown.
courthousenews.com/federal-reserv…
2008 financial crisis
📌As the 2008 financial crisis shook the nation, Trump’s team saw payoff
📌Trump himself crowed about the investment profits that lay ahead on the eve of Wall Street collapse, heralded 10 years ago by Lehman Brothers' failure.
politico.com/story/2018/09/…
📌Trump himself crowed about the investment profits that lay ahead on the eve of Wall Street collapse, heralded 10 years ago by Lehman Brothers' failure.
politico.com/story/2018/09/…
5 Top Investors Who Profited From The Global Financial Crisis
📌John Paulson
📌Jamie Dimon - JPMorgan
📌Carl Icahn (Fmr Trump Advisor)
Ben Bernanke
Warren Buffett
investopedia.com/financial-edge…
📌John Paulson
📌Jamie Dimon - JPMorgan
📌Carl Icahn (Fmr Trump Advisor)
Ben Bernanke
Warren Buffett
investopedia.com/financial-edge…
Steven Mnuchin, now Treasury secretary, led a group of investors who bought a failed thrift with government help and then sold it at a profit.
politico.com/story/2018/09/…
politico.com/story/2018/09/…
Commerce Secretary Wilbur Ross, then CEO of a buyout firm, also made money from U.S.-backed purchases of failed banks.
politico.com/story/2018/09/…
politico.com/story/2018/09/…
Former White House economic adviser Gary Cohn, then president of Goldman Sachs, once touted that the investment bank brought in $373 million in a single day betting against the mortgage market.
politico.com/story/2018/09/…
politico.com/story/2018/09/…
Jamie Dimon & JP Morgan are the big winners on Wall Street since Lehman, tripling investors' 💰
Under CEO Jamie Dimon, JP Morgan outmaneuvered rivals during the 2008 financial crisis to eventually become the world's biggest bank by market capitalization.
cnbc.com/2018/09/11/jam…
Under CEO Jamie Dimon, JP Morgan outmaneuvered rivals during the 2008 financial crisis to eventually become the world's biggest bank by market capitalization.
cnbc.com/2018/09/11/jam…
7/10/19: With Wall Street's Secret Shackles Gone, Dimon Prowls for Deals, thanks to the Trump adm’s reg roll backs to pre 2008 levels of unshackled deal making.
Fun fact: 2017 Iceland unshackled their banks to pre crash levels of anything goes.
bloomberg.com/news/articles/…
Fun fact: 2017 Iceland unshackled their banks to pre crash levels of anything goes.
bloomberg.com/news/articles/…
Mortgage rates have dropped to the lowest levels since before the 2016 presidential election.
marketwatch.com/story/mortgage…
marketwatch.com/story/mortgage…
Fannie Mae, Freddie Mac to Stop Accepting Libor Mortgages
Housing-finance giants will soon accept mortgages based on the secured overnight financing rate
wsj.com/articles/fanni…
Housing-finance giants will soon accept mortgages based on the secured overnight financing rate
wsj.com/articles/fanni…
1/20/20
Many jumbo borrowers have not paid for years.
📌As a result, the jumbo-mortgage market now is a ticking time bomb. Lenders, mortgage servicers, investors and homeowners would be wise to prepare.
marketwatch.com/story/this-gho…
Many jumbo borrowers have not paid for years.
📌As a result, the jumbo-mortgage market now is a ticking time bomb. Lenders, mortgage servicers, investors and homeowners would be wise to prepare.
marketwatch.com/story/this-gho…
Recent Hx Stock market crashes
@threadreaderapp unroll please and thank you.
Market watch 2019/2020
Market watch 2019/2020
