Beginning of last week, the prospects of a stimulus deal were all but zero, however, as the political winds in the Beltway began to shift, our speculation of a new effort to pass legislation addressing PPP, unemployment benefits and
targeted recovery efforts started to gain traction and became a reality mid-week.
Pelosi and Mnuchin had started discussions on a bipartisan bill as early as last weekend, which prompted Pelosi’s staff to dust off a messaging bill labeled Heroes Act 2.0. This bill was meant
purely to address political talking points for her constituents during the election cycle. It was in no way intended, nor expected, to pass the Senate with GOP opposition to multiple points.
Mnuchin today will likely introduce a counter offer of $1.5 trillion which is a direct
copy of the House Problem Solvers Caucus effort in an attempt to pressure Nancy Pelosi facing a Discharge Petition threat by at a minimum of 34 of her own party members.
Mnuchin, although in the lead role here, is actually negotiating along with Meadows and McConnell on a bill.
that both the House and Senate can adopt as mounting worker layoffs, market turbulence and election realities mount. There is a chance that Pelosi brings the Heroes Act 2.0 to the house floor purely for optics, knowing full well that it will get zero GOP votes.
However, the real work is now underway and a stimulus resolution will either happen late this week or early next week
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The U.S. Treasury plans to sell $105 billion of Treasuries this week (Feb 6th) & could impact the economy and markets. My view is that the Treasury Secretary, Janet Yellen, is dangerously incompetent in her handling of the Treasury's finances and our contacts
within the Fed say Powell wants the data to be inflationary to get Yellen and the White House off his back. Yellen is said to be offsetting the Fed's Quantitative Tightening (QT) by issuing short-dated bills and Treasury General Account (TGA) and i believe this is causing a
liquidity-driven inflation problem. We know that Powell is handcuffed and can't raise Fed funds rates to 7% as it could cause a crisis that would mean he has to cut rates and re-launch inflation, with a high chance of repeating the 1970s. Issuing 10s and 30s bonds at current
Let me see if I got this right… Biden, @SecBlinken and cohorts of liberal morons push a false Trump-Russia story who the FBI, ran by Comey who is a liar, had agent Charles McGonigal investigating the claims all the while he was taking bribes from Albania, likely Lulzim Basha,
who he himself was caught taking $500,000 of Russian funding. So what does our dipshit State Dept do? Well they have our ambassador to Albania @USAmbAlbania & Gabriel Escobar parade Basha around the Balkans & US trying to promote him & bash Sali Berisha because they realized
how bad they screwed up and are trying to protect the socialist govt in Albania now from narco trafficking rumors on top of aiding Russian funded politicians who corrupted FBI agents.
You have to argue with ChatGTP and point out inconsistencies and reword questions on a topic to finally get them to agree their green polices are stupid.
Now i had to correct its responses to climate change and renewable energy lol
The Federal Reserve has certain emergency powers that allow it to conduct business outside of its normal mandate in order to stabilize the financial system and promote economic growth during periods of crisis. These powers are outlined in Section 13(3) of the Federal Reserve Act,
which was added during the Great Depression.
Under this section, the Federal Reserve can lend to non-depository institutions, such as companies and municipalities, in "unusual and exigent circumstances." This lending is done through the so-called "discount window," which is the
primary source of funding for banks during times of stress.
Additionally, the Federal Reserve also has the authority to conduct open market operations, which involve the buying and selling of government securities, as well as other financial instruments, to stabilize financial
The new Xi inspired Politburo will probably look frightening to the West because of how many Xi people have been installed and the entry of a bunch of aerospace and military backgrounds. Worryingly is that the current US political situation is plumbing new lows and this won't
help combat China long term. The biggest concerns for the US is China is simply making huge progress on technology on its own (of course after we handed it all to them and they stole the rest) and the fact they are indespensible to the world in terms of supply chains.
This Politiburo will focus on technology advancement and biding their time for the US to fall on its own sword of political discourse. Their biggest fear is Russia collapsing into chaos which would put a dent into their long term energy and commodity needs. Looking for status