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User Info Ha Ha Ha -- Big shock in forum [Market-Ticker]
Drifter
Posts: 783
Incept: 2016-02-11

Pacific Northwest
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@ susan-- the solution is for .gov to eschew all debt.

It will hurt. It's the only way for you not to be your neighbor's food.
Flappingeagle
Posts: 4112
Incept: 2011-04-14


Online
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Quote:
My daughters first job pays $10 an hour. She's probably under paid lol. What a time we live in!


It is to low. That is $20,000 a year and you cant do jack-**** on 20k a year. Welcome to the result of 50 years of printing.

Here is one metric that I like to use, a lower-end new vehicle should cost 1/2 of a decent lower-end workers yearly income. The cheapest new vehicles are upper teens so wages should be high 30,000s for low-end jobs.

Many of us on here are old enough to remember that it was like that in the late 70s and early 80s.

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Rickyd
Posts: 1235
Incept: 2009-07-07

Ontario, Canada
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Karl, from the following...

"Remember folks The Fed cannot buy a single bond or play a single QE game that Congress does not issue the predicate paper to do it with."

Is there a way to monitor Congress issuing the paper?

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"That day is coming again, for the same reason -- willful and intentional blindness toward a grossly over-extended economic picture fueled by debt accumulation that cannot permanently continue as a simple function of arithmetic."

Karl Denninger
Tickerguy
Posts: 174197
Incept: 2007-06-26
A True American Patriot!
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Sure bond auction data is published

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I don't give a flying **** if you're offended.
Rickyd
Posts: 1235
Incept: 2009-07-07

Ontario, Canada
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@Karl

If I look at Treasury Direct, I see an example...

https://www.treasurydirect.gov/instit/an....

What I was looking for was the "Congressional Process" that will show Congress actually issuing the paper. Something where we can tabulate how much they are issuing.

Unless there is no way to do find this because it is implied and/or concealed.

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"That day is coming again, for the same reason -- willful and intentional blindness toward a grossly over-extended economic picture fueled by debt accumulation that cannot permanently continue as a simple function of arithmetic."

Karl Denninger
Tickerguy
Posts: 174197
Incept: 2007-06-26
A True American Patriot!
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Congress spends, Treasury issues to fill congressional spending.

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I don't give a flying **** if you're offended.
Winston2020
Posts: 165
Incept: 2020-03-29

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@Susanlauren - "There isn't a solution."

My point in asking that question was to determine approximately to what extent raising the EFFR would increase interest payments on the national debt which was $523 BILLION in 2020 alone and through that being able to judge the extent to which they are TRAPPED into holding rates low, beyond just keeping markets inflated.

Unfortunately, apparently no one here has an answer...
Happyapricot
Posts: 42
Incept: 2019-07-06

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I am having trouble reconciling the opening of the economy and the covid crisis.

Is the covid crisis over?

Was the vaccine so successful that it is now safe to reopen? If this is true should not Trump receive a noble peace prize?

Or was the covid a nothing burger? If this is true should not politicians be in jai for printing trillions of dollars?

I don't understand how the entire economy was shutdown for over a year, and now it is all safe to go back to work?
Jstr
Posts: 8
Incept: 2021-05-19

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Very informative ticker, thank you @Tickerguy!
Rickyd
Posts: 1235
Incept: 2009-07-07

Ontario, Canada
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@Karl

Is there something that shows "fingerprints" of congress doing all of this. A government website showing specific actions of congress for issuing the paper where we can tabulate the results.

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"That day is coming again, for the same reason -- willful and intentional blindness toward a grossly over-extended economic picture fueled by debt accumulation that cannot permanently continue as a simple function of arithmetic."

Karl Denninger
Nashville
Posts: 10
Incept: 2018-02-27

Nashville TN
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We the people are screwed until the masses realize and demand they are willing to abide by a basic reality. That being, We (USA) are and have been destroying our wealth for decades in a process willfully, malevolently enabled by profligate credit creation to benefit the few. This process is likely to continue until it can no longer. The end will become suddenly apparent - or "exponential" as Karl often points out.

Old school tells us wealth is derived solely from Mining, Manufacturing, and Agriculture. That's what made America great! To that list I would add Innovation. Our leaders clearly appear to hold the 1st two factors in low regard and until that changes, the trajectory is clear. The timing less so. Best I know to do is hang close to the exit door while reading Ticker every day.
Tickerguy
Posts: 174197
Incept: 2007-06-26
A True American Patriot!
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@Winston2020 - EFFR only moves the short end AND on new issuance. Treasury's response to this would be logically to shorten duration, which helps some. Yes, it will still nail the budget, but the big immediate thing it does is cut off the issuance.

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I don't give a flying **** if you're offended.
Radiosity
Posts: 642
Incept: 2009-03-05

Sunny UK
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@Pete "the pure volume of uninformed masses is just too large to overcome at this point."

Not one of those uninformed idiots has the skills or, indeed, the testicular fortitude necessary to survive a total collapse scenario. Most of them will die off, thereby making it a self-solving problem :)
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