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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (7968)	12/17/2019 12:25:00 PM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26781

If you look at the graph of the fed balance sheet I posted on FB, the level of QT1 hasn't been offset by the recent QE so my guess is he can consider it undoing QT1 or just part of QE3 that was not taken back by QT1.... complicated mess so I agree with you... they started burning money (QT) that they printed during the last round of QE so that hurt the markets but now they are printing again, the markets are happy.

To: robert b furman who wrote (7968)	12/17/2019 12:32:16 PM
From: kimberley	Read Replies (1) \| Respond to of 26781

No I agree the net result is going to increase equities! I just don't think that money will ever see it's way into the real economy. That's the only difference I have with your thesis...and I will admit my understanding of what is going on in the repo market right now is elementary, at best...but it appears to me the fed is funding the buying of Treasuries by the banks, that is all. And as long as that goes on, then we will see an increase in equities...until the game is over. I think it's going to end very badly, but a long way from where we are now, in respect to the indices. The trick will be spotting the cracks and protecting your gains...

To: robert b furman who wrote (7968)	12/17/2019 3:45:38 PM
From: Kirk ©	Respond to of 26781

Three blueish receipts in my stack of receipts using the Costco Credit card that I use for restaurants (3% back), gasoline (4%) and Costco (2%) purchases. This means I've used their new "robot / self serve cashiers" at Costco to save time in line three times in the past 30 days.... This tells the door monitors that check your bags to look extra carefully for "extra" samples.... That is ONE way to solve the problem if 3.1% inflation in blue Western States where much of that is our soaring housing and labor costs.