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It’s already a financial crisis

Posted on: March 17, 2020 at 10:43:54 CT

tiger4real MU

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M.O.B. Votes:

That’s why the Fed dropped rates to 0% and bought $700B of Treasuries and MBS. More likely to follow but liquidity in our banking system is fine for a while.

Risk assets and derivatives tied to risk assets are obviously in trouble. That’s why they’re called risk assets.

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MESSAGE THREAD

Will be interesting to see if this event economically is - 4TigersinMichigan MU - 3/17 10:34:55

I hope you are right, and I tend to agree (nm) - TigerJackSwartz MU

- 3/17 10:52:46

It's a disaster. Gov't/Media stirs up a bunch of fear - Newcatbirdseat MU - 3/17 10:43:03

Agreed. It will also change our lives and habits forever.(nm) - tiger4real MU - 3/17 10:41:22

One could make that case - 4TigersinMichigan MU - 3/17 10:44:20

Small example, my 12-year old daughter keep pushing the - tiger4real MU - 3/17 10:49:29

That is sort of like New Year resolutions - 4TigersinMichigan MU - 3/17 11:01:57

We’ll see. This is going to scar people deeply - tiger4real MU - 3/17 11:07:51

It’s already a financial crisis - tiger4real MU - 3/17 10:43:54

the derivatives market is unwinding - ashtray UF - 3/17 10:37:38

No doubt there will be significant work to be done at the - 4TigersinMichigan MU - 3/17 10:39:23