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didnt this happen right before the financial crash in 08? this happened, then a few days later, lehman brothers tanked. https://www.wsj.com/articles/fed-adds-49-7-billion-to-financial-system-11569243612The Federal Reserve Bank of New York added $49.7 billion to the financial system Monday, using the market for overnight repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $49.7 billion in overnight reserves, offering collateral in the form of U.S. Treasury and mortgage securities. The New York Fed had offered to add at least $75 billion daily to the financial system through Oct. 10. Rates on short-term repos briefly spiked to nearly 10% last week as financial firms scrambled for overnight funding. The actions marked the first time since the financial crisis that the Fed had taken such transactions.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Pay no attention to the man behind the curtain. The great and powerful Grand Wizard knows all.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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Here's the timeline of the 2008 nosedive: Jan. 22 – In Emergency Move, Fed Cuts Rates Sharply by 0.75 Percentage Point to 3.5%
Jan. 30 – Fed Cuts Interest Rates By A Half Percentage Point to 2.25%
March 11 – Fed Announces New Emergency Lending Program. The Fed launched the Term Securities Lending Facility, aimed at lending up to $200 billion in Treasury bonds to primary dealer banks secured for 28 days, extending the usual overnight deadline for such transactions. The Fed also authorized an increase in its swap lines with the European Central Bank and the Swiss central bank.
March 17 – J.P. Morgan Buys Bear in Fire Sale, As Fed Widens Credit to Avert Crisis. Pushed to the brink of collapse by the mortgage crisis, Bear Stearns Cos. agreed—after prodding by the federal government and the Fed—to be sold to J.P. Morgan Chase & Co. for the fire-sale price of $2 a share in stock, or about $236 million.
March 17-- Central Bank Offers Loans To Brokers, Cuts Key Rate. The Fed announced one of the broadest expansions of its lending authority since the 1930s. For the first time securities dealers could borrow from the Fed on much the same terms as banks. The Fed also lowered the rate charged on such borrowings from what's known as its discount window by a quarter of a percentage point, to 3.25%, and extended the maximum term to 90 days from 30.
March 18 – Fed Cuts Rates by 0.75 Percentage Point to 2.5%.
April 30: Fed Cuts Rates by a Quarter Percentage Point.
May 1 -- Fed Lowers Rates by Half Percentage Point to 2%.
June 25 – Fed Holds Rates Steady at 2%
August 5 – Fed Holds Rates at 2%.
Sept. 15 – A Busy Day: Lehman Faces Liquidation; Merrill Lynch is Sold; AIG Seeks to Raise Cash.
Sept. 16 – U.S. Government Takes Over AIG With Fed Help in $85 Billion Bailout.
Sept. 16 – Fed Holds Rates at 2%.
Sept. 29 – Fed Holds Unscheduled Conference Call on Swaps.
Oct. 7 – Fed Holds Unscheduled Conference Call on Severe Impairment of Commercial Paper Market. The topic was a deepening credit crunch threatening money market mutual funds and commercial paper, an important vehicle for short-term funding used by corporations.
Oct. 8 – Coordinated Global Central Bank Interest Rate Cut. In an unprecedented step, the Federal Reserve, along with its counterparts in the euro zone, Japan, England, Switzerland and Sweden, announced a coordinated cut in interest rates. The Fed cut its benchmark rate by half a percentage point to 1.5%.
Oct. 14 – A TARP Over Wall Street: The Bank Bailout. The U.S. government came to the banking sector’s rescue, buying preferred equity stakes in nine major financial institutions including Bank of America Corp., JP Morgan Chase & Co., Goldman Sachs Group Inc. and others.
Oct. 22 – Fed Announces Fresh Aid To Money Market Funds. The central bank offered to lend as much as $540 billion to the industry.
Oct. 27-- Fed Launches Commercial Paper Funding Facility. The program was aimed at addressing cash shortages in the commercial paper market. The facility began operating on Oct. 27 and closed Feb. 1, 2010.
Oct. 29 – Fed Cuts Interest Rates By Half a Percentage Point to 1%.
Nov. 24 – U.S. Government Bails Out Struggling Citigroup. This was the first of three eventual bailouts for the Wall Street giant, this one amounting to $20 billion in fresh capital injections as well as guarantees for $306 billion in toxic assets.
Nov. 25 –Fed Starts Buying Mortgage Bonds. The Fed launched the Term Asset-Backed Securities Loan Facility, or TALF, aimed at supporting another troubled corner of the credit markets – securitized assets backed by increasingly sour loans.
Dec. 16 – Fed Cuts Rates Near Zero to Battle Slump.
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Dec. 16 – Fed Cuts Rates Near Zero to Battle Slump. And then Obama takes the blame for Bush Junior pissing away the federal surplus Clinton built.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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Trump got this!  
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About a month ago my Financial Advisor said a recession is likely coming. Because of something going on in the market. I forget the jargon he used. Oh, I found it. Inverted Yield Curve. https://www.forbes.com/sites/jimcollins/...s/#48272670496d
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Is that like having an outie?
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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Yea it’s been inverted for a minute now. A few weeks ago it inverted briefly, everybody kinda shrugged it off, but now it’s been inverting more consistently.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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IMO Yield is spending capital. If it’s inverted then spending capital is what?
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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IMO Yield is spending capital. If it’s inverted then spending capital is what? Inverted Yield Curve happens when the long term bond interest rates are lower than the short term bond interest rates. It screws things up for banks (they take a loss on loans), which screws things up for everybody else.
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Our lady at Edward Jones has been telling us for two years "there's going to be a correction, and it's going to be bad. I'm taking your money into ultra-conservative territory". She talked about this curve over the summer when we met with her.
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Pay no attention to the man behind the curtain. The great and powerful Grand Wizard knows all. Leave me out of this 
I AM ALWAYS RIGHT... except when I am wrong.
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Remember, this all happened in 2008 prior to Obama ever taking office.
Yet somehow, idiots still blame Obama for the fall... You gotta be the biggest dummy in the world to do that.
All facts point away from Obama but don't let the Facts get in the way..
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
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It's the liberals creating a recession!
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
#gmstrong
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The Fed at work: 
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guys, lets get past trump for a second. this is just bad, and not good for anybody. sign of things to come? im worried. US manufacturing survey shows worst reading in a decade https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.htmlA gauge of U.S. manufacturing from the Institute for Supply Management slumped to the lowest level in more than 10 years in September. The ISM U.S. manufacturing Purchasing Managers’ Index plunged to 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. The reading is down from 49.1% in August. Any figure below 50% signals a contraction. The report fanned fears of a recession and hit the stock market. The Dow Jones Industrial Average lost more than 100 points, erasing earlier gains on Tuesday. “Global trade remains the most significant issue, as demonstrated by the contraction in new export orders that began in July 2019. Overall, sentiment this month remains cautious regarding near-term growth,” Timothy Fiore, ISM chair, said in a statement. The ISM employment gauge for the sector dropped to the lowest since January 2016, primarily driven by a lack of demand. New orders, backlog, raw materials inventories exports and imports also contracted across the board last month, ISM data showed. “There is no end in sight to this slowdown, the recession risk is real,” Torsten Slok, chief economist at Deutsche Bank said in a note on Tuesday following the report. The deeper contraction in the manufacturing sector is the latest sign that the escalated trade war between the U.S. and China is taking a big bite from the economy. Manufacturing was once considered a big winner under the Trump administration with improvement in employment and activity over the past few years. The sector contracted for the first time in more than three years in August, ending a 35-month expansion period where the PMI averaged 56.5%, according to ISM. “Comments from the panel reflect a continuing decrease in business confidence,” Fiore said.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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but then....
why is trump blaming the fed? its his own hand picked guy. i dont get this.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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]
why is trump blaming the fed? its his own hand picked guy. i dont get this. Yeah you do - he's turned on everyone including the guys he puts in place and on his team. The guy only knows how to do one thing really well - blame others and attack them regardless of the reality/truth of the issue.... oh and he can lose his daddies money like nobodies business too.
The more things change the more they stay the same.
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U.S. manufacturers experience worst month since 2007-2009 Great Recession, ISM finds https://www.marketwatch.com/story/slumpi...&yptr=yahooThe numbers: American manufacturers posted the biggest contraction in September since the end of the 2007-2009 recession, reflecting a slowdown in the U.S. and global economies made worse by a tense trade war with China. The Institute for Supply Management said its manufacturing index fell to 47.8% last month from 49.1%, marking the lowest level since June 2009. That’s when the Great Recession ended. Economists surveyed by MarketWatch had forecast the index to total 50.2%. The sharp decline in the index raised the specter of recession, wiping out early Wall Street gains and sending stocks lower. Readings over 50% signal business conditions are getting better, below 50% indicates they are getting worse. President Trump quickly took to Twitter to blast the Federal Reserve again, blaming the central bank for keeping U.S. interest rates too high. Donald J. Trump ✔ @realDonaldTrump As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic! 33.3K 10:34 AM - Oct 1, 2019 Twitter Ads info and privacy 18K people are talking about this Some economists also believe interests rates are too high, though they say the ongoing trade war is the biggest culprit. What happened: Production, employment and inventories all declined in September. The index for new orders actually rose a tick to 47.3%, but it’s still at the weakest level in a decade. Another bad sign: Only three of the 18 U.S. manufacturing industries tracked by ISM reported growth, down from nine in the prior month. “Chinese tariffs going up are hurting our business. Most of the materials are not made in the U.S. and made only in China,” said an executive at a food and beverages manufacturer. “Economy seems to be softening. The tariffs have caused much confusion in the industry,” said an executive at a company that makes electrical equipment. A three-week strike at General Motors GM, -2.96% likely contributed to the poor index reading, but it’s unclear how much. Comments from executives suggested the manufacturing industry’s weakness goes deeper. Read: Chicago PMI contracts for third time in four months A similar manufacturing survey by IHS Markit, meanwhile, registered 51.1 in September. What they are saying? “Manufacturing weakness is close to dangerous levels. Historically, readings under 46 are consistent with recession,” said senior economist Chris Low of FTN Financial. “Manufacturing is a small part of the economy, but it is a vitally important one, producing income and multiplier effects, especially in the Midwest.” Big picture: Manufacturers at home and abroad have faced waning demand and more canceled orders as they struggle to cope with a global economic slowdown, exacerbated in part by the trade war between the world’s two largest economies. Manufacturing is a much smaller part of the economy than it used to be, but there are signs the industry’s slump is spreading to the larger service sector. So far the damage appears to be contained, but there’s growing worry it will get worse unless the U.S. and China strike a deal or at least ratchet down tensions. Market reaction: The Dow Jones Industrial Average DJIA, -1.12% and S&P 500 SPX, -1.09% fell in Tuesday trades, surrendering early gains after the poor ISM report
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Tariff-hit tech companies are telling markets to prepare for the worst from earnings https://www.cnbc.com/2019/10/01/earnings...-the-worst.htmlTechnology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. With the kickoff to the heart of earnings season still about two weeks away, some 29 information technology sector companies have lowered their guidance, which is the biggest number since FactSet starting tracking the data in 2006. That comes as overall S&P 500 earnings, with 16 companies reporting so far, are tracking at a blended 3.8% decline from the same period a year ago and as markets are looking to gauge what impact the U.S.-China tariff war has had more than a year after it began. WATCH NOW VIDEO01:47 One chart points to a big earnings turnaround on the horizon “The number of companies being cautious going forward with guidance is a reflection of the tariffs. That has always been in my view what the critical factor is going to be,” said Michael Yoshikami, founder of Destination Wealth Management. “The rubber hasn’t met the road quite yet, but i think it is getting close. That is something to be concerned about.” As a sector, technology is projected to show a 10.1% decline from the third quarter in 2018. At the industry level, expectations have fallen most for semiconductors and equipment, an area especially hit by tariffs. Earnings for that group are now forecast to show a 30.3% decline, down sharply from the 22.1% previous estimate. Companies that have seen sharp reductions in the semis space include Western Digital, Analog Devices and Advanced Micro Devices. Micron is one of the few companies to have reported Q3 earnings so far and posted an 84.9% decline Electronic equipment instruments and components also has come down to an estimated 8.9% decline from 4.4% previously, according to FactSet. Yoshikami said the prospects are likely to only get worse unless the Trump administration reaches a deal soon with China. “You could actually have a negative impact that won’t show up for three or four months. That’s why I think a deal is better sooner rather than later,” he said. “I think you’ll see the cloud lift” once a trade deal gets done. To be sure, markets have held up remarkably well despite the trade concerns. Major indexes continue to hover around record territory despite all the geopolitical turmoil. However, a report Tuesday from the Institute for Supply Manufacturing Survey shows the sector at its weakest rate since June 2009, and comments from participants show a clear link to tariff concerns. Should corporate CEOs echo those concerns with poor guidance, that would provide a stern test for the market to advance from here. “US stocks have rallied sharply this year because investors expect that an eventual US-China trade deal combined with a more dovish Fed will lead to a noticeable bump in future earnings,” Michael Arone, chief investment strategist at State Street Global Advisors, said in a recent report. “So, it follows that evolving changes in 2021 earnings expectations will likely determine what investors should expect from stock prices in 2020.”
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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but then....
why is trump blaming the fed? its his own hand picked guy. i dont get this. Because he has never held himself accountable for something going wrong in his entire life as far as I know. An old HS friend on FB posted a meme the other day "Kids who aren't held accountable will become adults who think nothing is their fault".. the dude is an ardent Trump supporter... I just chuckled at the irony..
yebat' Putin
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Deere & Company announces over 150 layoffs in the Quad Cities https://www.kwqc.com/content/news/Deere-...-561873551.htmldue to lack of demand
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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You shouldn't be able to just do that. That's why the Federal Reserve needs to be abolished.
Find what you love and let it kill you.
-Charles Bukowski
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"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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This will all come down for the Democrats to fix in 2020 and the Republican Party will stick their fingers in their ears and go lalalalalala
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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I'm just waiting for him to claim he's a sovereign citizen.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
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So then you fully trust the federal reserve like a sheep then? If you said yes that wouldn't surprise me seeing as how you love big government. Do you agree it should at least be audited? What do you think of the fiat currency we have now?
You emoticon doesn't say much about your intelligence.
Last edited by tastybrownies; 10/02/19 05:44 PM.
Find what you love and let it kill you.
-Charles Bukowski
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You shouldn't be able to just do that. That's why the Federal Reserve needs to be abolished. So I understand this ... you don't think a company should be allowed to hire/fire people as supply and demand for it's services or goods fluctuate? Is that what you really just said?
The more things change the more they stay the same.
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Nah, he blames the economy slowing on the Fed. Just like Trump wants him to believe.
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Dow drops after disappointing services economy reading, bringing 3-day decline to 1,100 points https://www.cnbc.com/2019/10/03/us-futures-point-to-slightly-lower-open.htmlguys....right now the dow is down 320 on the news. i was watching at 10am when the reading came out....and then watched the dow drop 200 points in 10 secs. so, contracting manufacturing in the country, and a slowdown in our service sector. umm.......not good.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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but remember, could be huge buying opportunities!!
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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so the market is pricing in yet another fed rate cut, now that the probability shot up.
so since we are in a slowdown.....what happens when we have no more rates to cut, and the slowdown gains momentum?
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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The rates go negative and we pay billionaires to use taxpayer money to do business.
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Last edited by OldColdDawg; 10/03/19 12:59 PM.
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Just my opinion here, but the markets are so reactionary.
"Oh, a storm formed off the west coast of Africa, and it might be a hurricane when it hits the states....." Bam, 500 point drop in the markets, gas goes up in price to consumers..............."Well, it didn't make it to the states".....things slowly come back.
Unless you're a day trader, 1 day, or even 1 week trends shouldn't scare anyone. And further, look at investments over the long term - 20-30 years.
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You should take stock advice from arch. 
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when has the US markets dropped 500 points due to a hurricane off the coast of africa?
the markets, while historically jittery, are responding to verified global economic slowdown, or verified economic growth.
that isn't speculation, Arch. its already happening. multiple sectors in europe are already in contraction, and our manufacturing industry is in contraction as well.
consumer spending makes up 70% + of the economy. so when that sector shows slowdown, especially in conjunction with a contracting manufacturing sector, its a big deal.
also, it says something that you wont even tell trump to stop being reactionary, seeing as how every single time there's a wild ride, either up or down, he's immediately on twitter either to take credit for it, or blame the fed and china.
you didn't seem to mind voting for a reactionary president, so i dunno why you're complaining that the market is the same way.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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When you say "the markets" you sound like it's an entity or something.... Markets react to the buy/sell orders of traders and investors. There are more and more day traders - and I'd bet this certainly makes the markets more volatile over the short term ... but at the end of the day it's about confidence in the stability and probability of investments going up (or down).
The more things change the more they stay the same.
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Well,,,,,,,,,,,,,,,,,,,yeah. Duh.
Too many get antsy and sell sell sell over just a tad bit of short term bad news.
Face it - the market grows over the long term. That's why long term investors do well. That's why unions, and pension plans, etc, are invested.
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Forums DawgTalk Palus Politicus Fed Adds $49.7 Billion to
Financial System
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