...Bloomberg commenting that expectations of a fed rate hike in view of the recent 7yr T-note sale are overdone...
I have to agree with Bones in his comments over the w/e that if Biden's U.s $1.9trn stimulus package passes the Senate, that and the fed liquidity measures are at least in the short term probably $ positive. The longer-term is another issue - all fractional reserve fiat currencies are going to hell in a handcart - it's just a question of when. Sooner or later central banks will run out of tricks, (QE, YCC, negative rates etc...) and the govts will step in and all agree on something to effectively save western civilization as we know it - but for now, the aforementioned will probably be $ +'ve in the context we are currently in - ie recovery from covid economic effects.
I have to agree with Bones in his comments over the w/e that if Biden's U.s $1.9trn stimulus package passes the Senate, that and the fed liquidity measures are at least in the short term probably $ positive. The longer-term is another issue - all fractional reserve fiat currencies are going to hell in a handcart - it's just a question of when. Sooner or later central banks will run out of tricks, (QE, YCC, negative rates etc...) and the govts will step in and all agree on something to effectively save western civilization as we know it - but for now, the aforementioned will probably be $ +'ve in the context we are currently in - ie recovery from covid economic effects.
Trader with an Edge.
1
He was right about the north for nearly dozen of days...
