tyb
tyb
>>91219 pb
check these two articles from last week...will help.
these two things habbened on the same day and within hours
>>89855 pb As ECB Tapers, Fed's Bostic Gets Cold Feet Amid Delta Doubts
>>89898 pb Closely Watched Atlanta Fed’s GDP Forecast Cuts U.S. Growth by 41 Percent
>Atlanta Fed’s GDP Now forecast for the third quarter has been slashed by 41 percent since August 2 from 6.3 percent GDP growth to a tepid 3.7 percent projected GDP growth on September 2.
So everything was "just fine" on August 27th from the same FedHead Bostic (Atlanta FRB) but on Sept 9th the ECB started to take away da punchbowl ober there and all of a sudden our economy is too weak to handle taking it away here so they took the above action-slashing GDP forecasts so they can say see we told you here but no one pays attention tot his stuff cause it's boring. That "action" is to jaw-bone the removal of the Treasury Note/Bills that they buy from the Primary Dealers (and in some cases less than 24 hours after the PD's have bought them)...the kicker is that they are 'auctioned' in the Treasury weekly auctions and the PD's have to buy them or they lose status as one at the FRBNY so they help them out by buying them right back at full value and the PD's take that cash and do whatever dafuq they want with it.
As far as control of those markets it can be done wif a few keystrokes via the Exchange Stabilization Fund which is run from the Treasury. The Plunge Protection Team or officially known as President’s Working Group on Financial Markets met in late July but they said they talked about Crypto (sure bro's!) but imo they crafted the response they will trot out when the rug is pulled out via the ESF and we will get a re-run of the 2008 event but this time We habs to listen to Janet Yellen tell us all how they had no idea yada, yada, yada...
Cause who is not going to believe a little old "lady"
If they want the market down they will talk to Janet at Treasury who will do whatever for them via a few keystrokes and then the system's participants can just play the "dindu" game.
She was already the FRB Chair so they all know 'her' well.
Same thing habbened in 2008 but with smaller numbers and revisions...doing wut they did on Sept 9th this year means they are telling you it is coming and they are not responsible cause they changed it on a panic reaction to wut the ECB did earlier n the day.
>>91166 pb
82-8000 USAF 747 on ground at Long Beach Airport from Mather Airport depart
09-0016 USAF C-32A on ground at NAS Pt. Mugu Oxnard, CA from Beale AFB depart
58-0092 USAF KC-135 tanker on station over LA and from Fairchild AFB Spokane, WA
After that BS Joe is staying overnight here and then departs to Denver tomorrow morning.
yw
They need a boogeyman and that is the type of cycle they have used about every ten years or so to drop it, buy it back cheap and start it all over.
Whatever the 'story' is..it just habbens to be Covid-19 this time.
Beware when the talking heads start denying that anything is wrong-they will need to address the lowered GDP forecasts at some point soon as that is still sorta hanging out there without much discussion.
China Evergrande warns of further property sales drop, liquidity crunch
Cash-strapped developer China Evergrande Group said on Tuesday a significant drop in its property sales would continue this month due to concerns over its debt, which is likely to further deteriorate its liquidity and cash flow.
The group is engaged in discussions with potential investors to sell some of its assets, but it has made no “material progress” so far, it said in a statement to the Hong Kong stock exchange, The company blamed “ongoing negative media reports” for dampening investor confidence, resulting in a further decline in sales in September. Angry investors gathered around Evergrande’s headquarters in Shenzhen on Monday to demand the firm repay loans and financial products. The protest comes amid worries the country’s most indebted developer, with liabilities of 1.97 trillion yuan ($305 billion), will be unable to repay investors and that its debt woes could pose systemic risks to China’s financial system.
The company said on Monday that it was beset by “unprecedented difficulties” but denied speculation that it was facing bankruptcy.
https://www.reuters.com/article/china-evergrande-debt/update-1-china-evergrande-warns-of-further-property-sales-drop-liquidity-crunch-idUSL1N2QG00P
Evergrande Hires Advisers to Assess Capital Structure
China Evergrande Group is hiring financial advisers to assess the firm’s capital structure and “explore all feasible solutions to ease the current liquidity issue.”
The firm is announced it has engaged Houlihan Lokey and Admiralty Harbour Capital as joint FAs, in a filing to the Hong Kong stock exchange Tuesday morning. Evergrande expects “significant continuing decline” in contract sales in September, resulting in “continuous deterioration” of cash collection, according to the statement. That will place “tremendous pressure” on the group’s cashflow and liquidity, it said.
https://www.bnnbloomberg.ca/evergrande-hires-advisers-to-assess-capital-structure-1.1651705
shit flows down river here mang....
When dhey do this (hiring outside advisors) they know it's ober...but this will buy them moar time too
dat one^ does for me but others no.
the double above it no
the gifs higher up werk
all seems berry random