patrick.net

Wait, nothing justifies it? Don't we have a whole thread on "bad news about the economy"? Can't have it both ways, can we?

Patrick says

Fed cut by 50 bps. The only reason to do this is to try to temper the cost of servicing the deficit

Interest rates on public debt are projected to average 3.5 percent from 2025 to 2054, compared to the average of 1.9 percent from 2014 to 2023 (Peter G Peterson Foundation).

2023: The average interest rate was 2.5%
2024: The average interest rate is projected to be 3.1%

Right now the 10 Year Treasury is 3.7%. Its highest over last 17 years is 5% set in October 2023.

The federal government mostly finances debt with 2 to 10 Year Treasuries.

I heard on the radio the federal government is hoping the 10 Year Treasury settles at or below 3.5%.

Typically the 10 Year Treasury is 1% to 1.5% greater than annual inflation.

They could have done a 25pt token cut, but no.

The Fed has outright shown it is just another partisan captured institution.

DemocratsAreTotallyFucked says

They could have done a 25pt token cut, but no.

The Fed has outright shown it is just another partisan captured institution.

Notice stock market reacted like "meh" today as it was already price in with this run-up or rally to ~5600 points.

I'll LMAO if the S&P 500 is at least 10% lower than where it is at now the day before election day.

That means the real or inflation-adjusted gain for the S&P 500 is nearly 0% for the last 3 years.

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Nope, it was a sell the news situation to freak out the retail traders to try and get them to sell. The Big Boys bought back in during the overnight futures markets.

Markets manipulated...heaven forbid.

Ron Paul has been pleading to end the fed for years. Why do we need a bunch of rich people deciding which way to go? Let the economy develop by itself on the old formula - prices be decided by the trade volume. The more 'control' the more WE have to pay these dudes for plundering us.

It’s a grift.

DemocratsAreTotallyFucked says

They could have done a 25pt token cut, but no.

The Fed has outright shown it is just another partisan captured institution.

While true, helps me. Won't change my vote for Trump. $600k loans that can be cheaper are better for me currently.

It's the person really. I can't vote for Harris for many reasons. Trump grabs 'em by the pussy and ran the country well. I'll take the latter.

No clue what Biden is doing and Harris isn't and hasn't even been doing her VP role. We have a defunct executive brach. How could anyone vote for that? I don't think most will vote for it except extreme TDS people. He's gotten shot. He's more subdued this time around or likable. Economy sucks. Harris didn't get a single vote. Walz is a clown.

I'm not partisan, but this should be a landslide. There are at least 20-30% more Trump signs in yards in my town than the previous two runs. You'd get ridiculed those years if you had a Trump sign. There will be cheating, but it will have to be EXTREMELY obvious.

Misc says

Nope, it was a sell the news situation to freak out the retail traders to try and get them to sell. The Big Boys bought back in during the overnight futures markets.

Markets manipulated...heaven forbid

Yeah, I'm particularly tracking AMZN and GOOGL and it seems like the recent volatility is a red flag for some collusion among the major traders ("Big Boys") to try to exploit retail investors.

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As far as the previous comment about the Big Boys or Major Traders manipulating the stock market around the Feds rate cut annoucement,

Googl goes about 7 to 14 days at Stochiastic RSI of +0.9 ... it dropped like a rock and now is in day 7 of a continuous rally but at 1.0 for Stochiastic RSI

let's see if it cools down for a while and then rallies (as far as trading covered calls or secure puts)
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