Replies to post #8112 on The New CS Board

[rotor1]

POMO schedule for May

Don't see much changing while Ben continues to piss in the wind. yesterday there was nothing, today, just enough to overcome earlier resistance

http://www.newyorkfed.org/markets/tot_operation_schedule.html

good luck

[getmenews]

Today, we may have to start a campaign to announce the Boston bomber as a HERO and wake up call to all Americans as The euro fell for the first time in five days against the dollar after European Central Bank President Mario Draghi said policy makers may take the unprecedented step of charging banks to hold excess reserves.

[jumanji0881]

re: The fiscal policy is winning over economic realities.

However, as long as car sales are good, then we are not going over the cliff. they are still strong, housing is strong, thanks to low interest rates.

My comment: I think you meant monetary policy. Car sales are strong in large part due to channel stuffing. Housing is strong in large part due to large RE funds buying up foreclosed homes (I don't understand that business model because maintaining a bunch of disparate homes has to be much more expensive than maintaining an apartment complex where the units are all the same). Low rates are also creating a lot of speculation, especially in the credit markets as people reach for higher yields. The economy is slowing and that will really hurt the debt holders and it will crush both auto sales and homes sales.