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The ECB needs to raise interest rates by at least a half-point next month, Governing Council member Martins Kazaks says (via @jrandow) https://trib.al/y9NnDpn
This you Peter?
Here in the police magazine, July 2018?
"I was proud to be a member of the Queensland Police Union. I was a member from the day I joined."
Is that you there talking up the glory and value of a union - or another bloke called Peter Dutton?
@PeterDutton_MP twitter.com/PeterDutton_MP…
"It's said that in order to be a good liar, one must have a good memory."
My latest article on Stuart Robert.
'Stuart Robert's memory seems to be slipping'
Fed Quantitative Tightening (QT) has more than doubled last mth. Total assets have shrank $64bn in Aug after $24bn in Jul, $700mln in June & $25bn in May. Accelerating runoff of Fed's bond holdings sucks liquidity out of mkts - that increases the risk for an awful end to the year
Dr Shane Reti dispatching Andrew Little across the boundary for 6 in the house right now. Can’t wait until a medical expert is the Minister of Health next year. #QT
While all y'all are panicking aboutthe #Fed & #QT, note that the large banks have already bled as many cash assets (~reserves) since Sept last year as they did during the whole 4 1/2 years from the previous peak - $680 billion, or about 1/3, in fact.
#FederalReserve
Fed'in bilançosu Ağustos'un son haftası 25,3 mly $ azalmış. Böylece, Nisan ortası 9 trl $'a yaklaşarak tepe yapan bilanço son verilerde 8,8 trl $'a gerilemiş oldu. Eylül'le birlikte aylık daralmanın iki katına çıkarılması planlanıyor #Fed#QT#balancesheet
Fed Quantitative Tightening (QT) has more than doubled last mth. Total assets have shrank $64bn in Aug after $24bn in Jul, $700mln in June & $25bn in May. Accelerating runoff of Fed's bond holdings sucks liquidity out of mkts - that increases the risk for an awful end to the year
+
On Wed 27/7 after #qt Sussan & Pete hung around in the chamber to bleat/ warn us abt the misery that'd prevail if the #ABCC was dumped & the perils of empowering those big, bad unions.
Her big qstn..wait for it
👇
'Who'll look after the women!'
Oh how we laughed & laughed
🤣
$SPX$SPY market declines in 2008, 2020, 2022 with #QT#QE activity indicated. Similarities to 2008 with no #Fed pivot and increasing liquidity drain in September.
Important #JacksonHole paper by Viral Acharya et al about 'liability' risks of #Fed#QT. It highlights our similar fears. We warn #liquidity withdrawal more like a 5% point hike in FedFunds. Here are their key points and our comments (red)...
So just watched this woman go into #QT and come out less than a minute later with only a handful of fifty straws or so.
I looked at her and she had a big 'ol grin on her face.
I guess some folk gonna do what some folk do.
Geez- at least buy a soda or something 🙄