| Money Talk|| I think its time we talk about the next Fed policy tool - BennyAndTheInkJets on 2/21/14 at 11:45 am|
Before 1990, the Fed's biggest tool for influencing monetary policy was commercial bank's required reserves. From 1990 to 2008, it was the Federal Funds target rate. Since 2008, it's been quantitative easing and forward guidance. Going forward, I believe its going to be th...
| Money Talk|| Yellen's Testimony to Congress - BennyAndTheInkJets on 2/11/14 at 10:36 am|
So far she isn't really giving Congress anything. A lot more boring than Bernanke but still, I'm glad she isn't giving them really anything to bite on. She kept saying 'validation', 'deliberate', etc..
My favorite quote was actually from Brad Sherman, "I know you're very busy with your job, so I...
| Money Talk|| In honor of Ben's last FOMC meeting, let's appreciate Bernank the Tank - BennyAndTheInkJets on 1/31/14 at 2:10 pm|
Bernanke's last meeting as chairman was this past Wednesday :wah:, so I think MT needs to give this man the love he deserves. I was talking to a former Fed affiliate yesterday that dropped a quote about about Bernanke that I wholeheartedly agree with.
[b]Incrementalism is the riskiest strategy in...
| Money Talk|| Yuan overtakes euro as second most used trade financed currency - BennyAndTheInkJets on 12/3/13 at 2:28 pm|
[link=(http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2013/PR_RMB_nov.xml)]Hopefully they actually open up for investment soon.[/link]
[quote]Recent SWIFT data shows that RMB usage in traditional trade finance - Letters of Credit and Collections - grew from an activity s...
| SEC Rant|| So what were you wrong about in the preseason? - BennyAndTheInkJets on 10/30/13 at 1:14 pm|
Since self-reflection and humility are qualities present in all ranters, tell me, what did you expect in the preseason that didn't happen?
I've always thought Cam Cameron was overrated as an OC and QB developer and that he wouldn't get LSU's offense to the point that tiger fans were hoping. Mett ...
| Money Talk|| What Actually Happens Oct. 17th - BennyAndTheInkJets on 10/8/13 at 12:42 pm|
Contrary to what the media will tell you, on October 17th the world will still spin if we don't have a deal. The Treasury will have $30B on hand on 10/17 and will have ~$100B on 10/31. Then Treasury will then pull in ~$150-$200B of tax receipts a month and have ~$25-30B in debt servicing payments pe...
| Texas A&M Sports Board|| Good Game and Thanks for Access - BennyAndTheInkJets on 10/2/13 at 2:48 pm|
Sorry for the delay in posting this. Good game Ags :cheers: and good luck to y'all the rest of the way.
Thanks for access to the AggyArk. I spent a lot of time in CStat throughout college. Knew a lot of people down there and one of my best friends went to SMU, so I made that 8 hour drive down 54...
| Help Board|| Access to A&M Board - BennyAndTheInkJets on 9/20/13 at 11:53 am|
My post in the stickied thread didn't work.
I'd like to post on the A&M board. SEC Rant banter aside, I spent A LOT of time in CStat throughout college. Still have a couple friends that go there and live around CStat. I probably made that 8hr drive from Fayetteville through 69/75, then 45 to Madi...
| Money Talk|| Federal Reserve Tools | Past and Present - BennyAndTheInkJets on 9/17/13 at 9:28 am|
I think it's pretty obvious that the Fed has changed over the past decade, and the tools they used to use have changed as well. Previously, these are the tools that you will read in textbooks that the Federal Reserve used to dictate monetary policy.
[b]1. Federal Funds Rate[/b] - Set a target to ...
| Money Talk|| This is getting ridiculous | FHFA sues JP Morgan for $6B - BennyAndTheInkJets on 8/28/13 at 8:39 am|
[link=(http://www.bizjournals.com/dallas/blog/morning_call/2013/08/feds-seek-6b-from-jpmorgan-chase-to.html)]Can't post the FT story[/link]
Some information not posted in the article:
- The FHFA is suing JPM for $6B because of loans made by Bear and WaMu, companies JPM bought under the govern...
| Fark Board|| Scariest Words in College Football - Fark Request - BennyAndTheInkJets on 8/21/13 at 5:03 pm|
[link=(http://www.secrant.com/rant/p/43996133/Who-owns-this-shirt-Scariest-Words.aspx)]On the SECr[/link]
Lost my computer and don't have photoshop anymore... but for the good of the internet could somebody PLEASE make a Penn State one with Sandusy's face in the background? Scariest words in coll...
| Money Talk|| Bill Gross' List of Writers He Follows - BennyAndTheInkJets on 8/9/13 at 10:01 am|
[quote]@PIMCO Gross: Strategists/writers I follow? Dalio, [b]Durden[/b], Bianco, Arnott, Aitken, Santelli, Grant, Grantham, Inker, Marks, Quaintenance & Brodsky[/quote]
Confirms he is a ZH reader. ...
| Money Talk|| Summers for Fed Chair Getting A Lot of Pushback from Dems - BennyAndTheInkJets on 8/6/13 at 9:07 am|
36 democratic representatives writing to support Yellen over Summers. 20 of the 54 Democratic Senators also support Yellen.
| Money Talk|| It's Ugly Today Everyone - BennyAndTheInkJets on 6/24/13 at 9:15 am|
Can't get too into it but dealers aren't really wanting to make markets, players are on the sidelines, retail is pulling, passive funds are getting outflows and are forced sellers into this volatility. The sell-off is very exacerbated from unwinding of carry trades, risk parity funds having to sell ...
| Arkansas Sports Board|| Reinstatement Thread on OT: Got Sao back already - BennyAndTheInkJets on 5/22/13 at 9:25 am|
[link=(http://www.tigerdroppings.com/rant/display.aspx?sp=42027154&s=2&p=42026631#42027154)]One out of jail.[/link]
Who else are we missing?...
| SEC Rant|| Guess where Tyler Wilson was when he got the call - BennyAndTheInkJets on 4/29/13 at 11:41 am|
[link=(http://www.nfl.com/news/story/0ap1000000165064/article/tyler-wilson-at-walmart-when-oakland-raiders-called)]You guessed it, the world's largest company by sales.[/link]
:bow: I don't know what's more awesome, Felix fishing when the Cowboys called or Tyler wandering around the rollback ais...
| O-T Lounge|| LaGuardia Just Got Evacuated - BennyAndTheInkJets on 4/16/13 at 10:05 am|
Due to a suspicious package. No link yet just had some coworkers call and tell me. ...
| Money Talk|| Fed Released Minutes Early Yesterday by Accident - BennyAndTheInkJets on 4/11/13 at 10:16 am|
Would've posted yesterday but I found this right when work kicked into nutty mode. So about 100 aliases were sent the Fed minutes at 6:30 AM yesterday, including congressman and employess of Goldman Sachs, Barclays Capital, Wells Fargo, Citigroup, UBS and JPMorgan.
| Political Talk|| China Indicates Possible Backing Off From North Korea Support - BennyAndTheInkJets on 4/8/13 at 10:39 am|
Don't usually post on the Poli board but this is important.
[link=(http://www.ft.com/intl/cms/s/0/e415010c-9f57-11e2-968b-00144feabdc0.html#axzz2Pt1QdtOO)]China Warns Against Asia Troublemakers[/link]
This comes straight from Xi Jinping at the Bo'ao conference (same one Lagarde supported the ...
| Arkansas Sports Board|| WTF!?!?!?!?!? PLEASE SOMEBODY TELL ME THIS IS WRONG - BennyAndTheInkJets on 2/14/13 at 11:57 am|
Had a text from a friend still in school saying that drinking in the Baum outfield is gone.
Please somebody tell me this is wrong. If its not wrong, please somebody give me the fricking number to whatever cocksucking mother fricker made this god foresaken fricking decision so I can gouge out their e...
| Money Talk|| Congress Delays Debt Ceiling Negotiations - BennyAndTheInkJets on 1/24/13 at 9:19 am|
[link=(http://www.palmbeachpost.com/news/news/national-govt-politics/house-votes-to-raise-debt-ceiling-delays-fight/nT5Y3/)]From Late Feb to May[/link]
Little background, we were going to run out of funding around mid-late February (drop dead date was the March auctions), and this delays it until p...
| SEC Rant|| Who Lifts the Lombardi Trophy This Friday? - BennyAndTheInkJets on 11/19/12 at 10:34 am|
Few games bring up as much passion, desire, and drunk bumfrick hilbillies than the Battle for the Lombardi Trophy. Throw out the records (please...) and bring out the bourbon/party favors, it's time for the Super Bowl.
For all you baseball cap sporting, #18 jersey wearing connasses that make the t...
| SEC Rant|| Predict the rest of Arky's schedule - BennyAndTheInkJets on 9/23/12 at 7:41 am|
Texas A&M (L) - Manziel rips us apart, is taken out at halftime, and gets in a fight on Northgate. Aggie men have thousands of collective hours of buttsecks in celebration.
Auburn (L) - After Haynes very deceptive no coverage look is figured out, Frazier starts his Heisman campaign and Chizik sig...
| Money Talk|| QE3 - BennyAndTheInkJets on 9/13/12 at 11:35 am|
Lower coupon MBS purchases and extending low interest rate language to mid 2015.
Looks like my S&P ceiling call just got blown out of the window.
ETA: Just looked at the details, $40B a month till $500B. Pretty modest actually, market spiked than came back down. ...
| Money Talk|| Greece - Do They Make it to June 17th? - BennyAndTheInkJets on 5/25/12 at 12:55 pm|
Most central banks and financial institutions are already planning for a return of the drachma. Alexis Tsipras and his party are gaining popularity in Greece. This big deal here is the usually the French and Germans were always on the same side of the arguement with Sarkozy, now with Hollande the Fr...
| More Sports Board|| Its really hard to stay a Dolphins fan - BennyAndTheInkJets on 4/26/12 at 8:09 pm|
Watching Marino in the 90's and those defenses in the late 90's early 2000's was great.
Terrell Buckley, Patrick Surtain, Zach Thomas, Jason Taylor, Sam Madison. I still have my Ricky Williams jersey, one of my favorite players. I loved those teams.
I watched Fiedler be decent. Then constant ...
| Money Talk|| Central Bank Discussion Thread (Fed, ECB, BOJ, etc.) - BennyAndTheInkJets on 2/2/12 at 11:22 am|
Since these institutions are now the exogenous factors affecting basically everything in the market, I figured it would be a good idea to have a thread dedicated to the printing presses.
[b]Recent Fed statement[/b]
- Rates on hold till late 2014 (Ben's term runs out in Feb of 2014). Usually th...
| O-T Lounge|| I've Never Had More Resoect for an Auburn Grad - BennyAndTheInkJets on 9/13/11 at 3:43 pm|
This guy is awesome.
[link=(http://www.craigslist.org/about/best/sfo/2549849730.html)]Best. Roommate. Ever.[/link]...
| SEC Rant|| Best Pitcher in the SEC - BennyAndTheInkJets on 5/14/11 at 2:16 pm|
DJ Baxendale has now beaten Florda's Randall and USC-E's Roth. These are the aces for the top teams in the SEC. I believed DJ was the best going into the season but I wanted to see how he fared against the best. He has been sick-nasty ridiculous.
You can make a case for the other guys but I think...
| SEC Rant|| Barners - Kiehl Frazier - BennyAndTheInkJets on 12/11/10 at 12:59 am|
Just won the State Championship for class 4A over PA.
Better hope Vandy doesn't start pulling into the old southern family money, or Texas starts calling the alumni network, or the New England Patriots herp derp you get the idea....