Markets were recovering until this came out — more bullshit by Trump by way of Chinese trade war.
BREAKING: Trump imposes visa bans on Chinese officials linked to the mass detention of Muslims in Xinjiang province, @nwadhams reports.
More on @TheTerminal
— Mike Dorning (@MikeDorning) October 8, 2019
This ends, naturally, with Trump forcing out all Chinese students from American Universities — and China banning and/or liquidating their Treasuries.
Meanwhile, QE4 is unofficially underway.
hey @lebas_janney do you want to correct your correction now or in 1 month? pic.twitter.com/rYQevPmPLv
— zerohedge (@zerohedge) October 8, 2019
As jarring as this all seems, judging by recent history, Fed intervention should be bullish for stocks. It’s unhealthy and morally wrong, but asset prices will be jimmy jacked the fuck higher. As for the China trade war business, not good.
QE4 is already the same size as QE1 pic.twitter.com/KPLkrF8dNi
— zerohedge (@zerohedge) October 8, 2019
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ZH: “QE4 is already the same size as QE1 ”
Fly: “Congrats. Congrats, you did it. ”
ZH is great for up-to-the-minute news, but you have to filter through the utter bullshit like this (or this “New Peer-Reviewed Danish Academic Study Finds Diversity Is Not A Strength”). As I’ve mentioedn before, the FED IS increasign their Treasury balcne, but this is because they are **decreasing their MBS balance**. Even their huge end-of-quarter Repo deals are beign unwound.
Absolutely abysmal effort, ppt
You must feel slightly despondent with that effort on Friday