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Politics : Formerly About Advanced Micro Devices

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To: zzpat who wrote (1036281)11/1/2017 5:58:25 PM
From: RetiredNow2 Recommendations

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locogringo
TideGlider

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We'll agree to disagree on Hillary and the Clintons in general. They didn't call Bill, "Slick Willy" or "Teflon Don", because he was caught. They called him those things because he got away with everything. Hillary is not as slick, but she's just as guilty.

Anyway, on another note, it does appear the Fed has lied and there has been no QT in October. If anything changes, I'll post it here. I think that when we see QT actually happen, then the stock market will come under pressure. Until then, I'm assuming the Fed lied about starting it in October. I've been going to the Fed's website to see if they've done QT, but here's a good summary of the latest status from Drudge on this issue:

Dear Janet - About That Balance Sheet Normalization?

At the last FOMC meeting - on September 20th - Janet Yellen and her merry band of failed forecasters proclaimed that the Federal Reserve Balance Sheet would be allowed to normalize with reinvestments slowed or stopped in October.

There's just one thing...

The Federal Reserve balance sheet has risen by over $5 billion in October - the biggest monthly rise since February.





Now, we are well aware of the lags in reporting data from SOMA but this is as of last Wednesday and so unless The Fed suddenly dumped over $5 billion in its balance sheet on Thursday and Friday, we suspect 'normalization' means something different to the PhDs at The Fed than it does to the avereage joe.
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