Comments on: Open Thread: Fed Driving Rates Much Lower http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:17:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: vaughn http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155224 vaughn Fri, 20 Mar 2009 05:48:33 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155224 "Our choice is: live thru the 1930’s or live thru the 1970’s. I know which one I prefer" well wunsacon, 70 + 30 gets you the oughts ('oo)..... and THAT'S what we're gonna get “Our choice is: live thru the 1930’s or live thru the 1970’s. I know which one I prefer”

well wunsacon, 70 + 30 gets you the oughts (‘oo)…..
and THAT’S what we’re gonna get

]]> By: ZackAttack http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155163 ZackAttack Thu, 19 Mar 2009 23:58:27 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155163 I guess I'm a Point-A-to-Point-B guy. When the January TIC data (http://blogs.cfr.org/setser/2009/03/16/todays-tic-data/) indicates that there were very outflows in agency debt and outflows in long treasuries, then, the next day, the Fed announces that it's buying agency debt and long treasuries, I would tend not to view that as a coincidence. We'll see whether the bond market stuffs it up his chute or not. Right now, it looks like he spent a third of a trillion dollars for a one-day move. I guess I’m a Point-A-to-Point-B guy.

When the January TIC data (http://blogs.cfr.org/setser/2009/03/16/todays-tic-data/) indicates that there were very outflows in agency debt and outflows in long treasuries, then, the next day, the Fed announces that it’s buying agency debt and long treasuries, I would tend not to view that as a coincidence.

We’ll see whether the bond market stuffs it up his chute or not. Right now, it looks like he spent a third of a trillion dollars for a one-day move.

]]> By: DiggidyDan http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155045 DiggidyDan Thu, 19 Mar 2009 18:24:51 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155045 karen Says: March 19th, 2009 at 12:25 am anyone that didn’t see today as fait accompli was smoking crack as far as i’m concerned… haha, it's hard to filter out the noise and pick the right things at the right time, but i'm with you on this one. Now pass the pipe! karen Says:
March 19th, 2009 at 12:25 am
anyone that didn’t see today as fait accompli was smoking crack as far as i’m concerned…

haha, it’s hard to filter out the noise and pick the right things at the right time, but i’m with you on this one. Now pass the pipe!

]]> By: gordo365 http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155044 gordo365 Thu, 19 Mar 2009 18:21:06 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155044 Lets see - more cheap money as the cure for too much cheap money. Causal logic is a bit fuzzy. Said another way - after 4 days and nights of hard partying in New Orleans - free beer doesn't entice me to drink on Sunday morning. Lets see – more cheap money as the cure for too much cheap money. Causal logic is a bit fuzzy.

Said another way – after 4 days and nights of hard partying in New Orleans – free beer doesn’t entice me to drink on Sunday morning.

]]> By: sinomania http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155031 sinomania Thu, 19 Mar 2009 17:14:34 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155031 that should be 10 (TEN) year auction.... that should be 10 (TEN) year auction….

]]> By: sinomania http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155030 sinomania Thu, 19 Mar 2009 17:11:17 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155030 @ chatter about China not buying our Treasuries I'm not so sure this is true. The latest data from Treasury is that foreign purchases are negative. http://www.ustreas.gov/press/releases/tg57.htm According to the latest data from Treasury, holdings from China (and Japan) are still increasing: http://www.ustreas.gov/tic/mfh.txt But the data is for January - February data out in April. Wen Jiabao made his infamous comments on Friday AFTER the 3-year and 1-year note auctions. Reports of those auctions are all over map - an AP piece said demand was 'decent', Forbes said 'terrible'. Not sure what the real picture is but the big decline in purchases seems to be coming from the Caribbean tax havens. @ chatter about China not buying our Treasuries

I’m not so sure this is true. The latest data from Treasury is that foreign purchases are negative.

http://www.ustreas.gov/press/releases/tg57.htm

According to the latest data from Treasury, holdings from China (and Japan) are still increasing:

http://www.ustreas.gov/tic/mfh.txt

But the data is for January – February data out in April.

Wen Jiabao made his infamous comments on Friday AFTER the 3-year and 1-year note auctions. Reports of those auctions are all over map – an AP piece said demand was ‘decent’, Forbes said ‘terrible’. Not sure what the real picture is but the big decline in purchases seems to be coming from the Caribbean tax havens.

]]> By: jqui http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155024 jqui Thu, 19 Mar 2009 16:40:29 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155024 My opinion: http://theburningplatform.com/economy/the-pothole---holy-cow My opinion:

http://theburningplatform.com/economy/the-pothole—holy-cow

]]> By: ottovbvs http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155019 ottovbvs Thu, 19 Mar 2009 16:21:30 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155019 bman Says: March 19th, 2009 at 10:19 am Not sure if I missed it in the aboves but I for one hope to refinance my mortgage down from 6.5% I suspect that is one aspect of the plan to make it easier for the folks who have held on to their homes to keep them and bring the foreclosure curve down to manageable levels. ......You got it buddy...I'm going to refi two props and got offered 4.5% this morning....it's going to be a real shot in the arm for domestic balance sheets at all levels and will stimulate real estate bman Says:

March 19th, 2009 at 10:19 am
Not sure if I missed it in the aboves but I for one hope to refinance my mortgage down from 6.5%
I suspect that is one aspect of the plan to make it easier for the folks who have held on to their homes to keep them and bring the foreclosure curve down to manageable levels.

……You got it buddy…I’m going to refi two props and got offered 4.5% this morning….it’s going to be a real shot in the arm for domestic balance sheets at all levels and will stimulate real estate

]]> By: bdphil http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-155012 bdphil Thu, 19 Mar 2009 15:56:18 +0000 http://www.ritholtz.com/blog/?p=22113#comment-155012 I'm a little confused by all this gov't intervention. Do I need to continue trading/investing on my own account or as a tax payer am I now a shareholder of the worlds largest hedge fund? The federal gov't has a pretty good good mix in place for us at the moment; we've got some bank stocks, some insurance stocks, plenty of foreign currency exposure, oil and nat. gas reserves, a pile of mortgage backed securities, some unsecured bonds, and now we're gonna apparently pick up some 10-year notes. Seems like a fairly diverse portfolio and my only question is when should I expect quarterly statements and dividend checks to start arriving? I’m a little confused by all this gov’t intervention. Do I need to continue trading/investing on my own account or as a tax payer am I now a shareholder of the worlds largest hedge fund? The federal gov’t has a pretty good good mix in place for us at the moment; we’ve got some bank stocks, some insurance stocks, plenty of foreign currency exposure, oil and nat. gas reserves, a pile of mortgage backed securities, some unsecured bonds, and now we’re gonna apparently pick up some 10-year notes. Seems like a fairly diverse portfolio and my only question is when should I expect quarterly statements and dividend checks to start arriving?

]]> By: bman http://www.ritholtz.com/blog/2009/03/fed-rates-going-much-lower/comment-page-3/#comment-154971 bman Thu, 19 Mar 2009 14:19:41 +0000 http://www.ritholtz.com/blog/?p=22113#comment-154971 boy we're at 117 here! lots of comments on this one. Not sure if I missed it in the aboves but I for one hope to refinance my mortgage down from 6.5% I suspect that is one aspect of the plan to make it easier for the folks who have held on to their homes to keep them and bring the foreclosure curve down to manageable levels. boy we’re at 117 here! lots of comments on this one.

Not sure if I missed it in the aboves but I for one hope to refinance my mortgage down from 6.5%

I suspect that is one aspect of the plan to make it easier for the folks who have held on to their homes to keep them and bring the foreclosure curve down to manageable levels.

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