/biz/ - Business & Finance

>>25695994

Deso: "Well i gotta go to bed, got family night, already exhausted, and more work tomorrow.

But keep an eye on this. One event does not a pattern make, but if it bounces and stays on 1.1 again - that's definitely suspicious.

The candles show better how fucking silly this is."

LordSnooty:

"Good spot!

If 1.1% is the new line in the sand that the Fed is drawing for the 10 year (and they're prepared to print to enforce it), then that would imply that gold will shortly be going higher (possibly significantly) again. If they allow rates to break 1.1% and don't increase Fed purchases, then the onus will fall on the primary dealers which is going to kill bank lending to the private sector even further - just when the US economy is likely slowing again."

Max Wellian: "Doesn't kill lending to mother govt though."

Lord Snooty: "True - until the banks run out of excess reserves and there's another repo crisis. In the end though, the Fed is going to print more."

https://twitter.com/DesoGames/status/1347536986270269440