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Fearful
ParticipantYou are right that Americans are a fierce and resourceful people, and rise to the occasion.
In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.
ParticipantYou are right that Americans are a fierce and resourceful people, and rise to the occasion.
In this case, I think this applies well to our situation. Homeowners will defiantly raise their middle fingers to the banks holding their mortgages.
ParticipantHow blase we have all become.
3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.
And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.
I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.
ParticipantHow blase we have all become.
3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.
And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.
I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.
ParticipantHow blase we have all become.
3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.
And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.
I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.
ParticipantHow blase we have all become.
3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.
And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.
I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.
ParticipantHow blase we have all become.
3,300 is THREE TIMES the monthly record set in the early 90’s bust. Okay, so maybe it is not quite 3x; the one month peak was 1,313.
And it is a healthy jump from the December number, never mind the average of November and December – remember how we were debating whether the November dip surprised everyone, and the December number made up for the dip, making it average to the October number? And people said, well, if January comes in hot, we are on our way? Well, January came in hot. Here we go.
I feel like I have a ringside seat at some sort of gruesome circus. Just trying to make sure I do not get too much blood splattered on me.
ParticipantI don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.
It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.
ParticipantI don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.
It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.
ParticipantI don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.
It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.
ParticipantI don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.
It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.
ParticipantI don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.
It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.
ParticipantI think the core question, which still hasn’t been answered, except perhaps indirectly:
Do the numbers indicate anything special about the banking system, beyond simply that funds are being borrowed from the TAF?
ParticipantI think the core question, which still hasn’t been answered, except perhaps indirectly:
Do the numbers indicate anything special about the banking system, beyond simply that funds are being borrowed from the TAF?
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