The Debt Ceiling And Reverse Repo Market

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17 Comments
Anniemouse
Anniemouse
September 29, 2021 12:24 pm

Sooo scared. The sky is falling, the sky is falling. Same as its always been.

Based on your choice of videos I’d wager you have some latent homo stuff going on. Maybe left over baggage from your daddy issues, sister.

B_MC
B_MC
September 29, 2021 12:29 pm

Might want to start thinking about how you heat your home…

Heating costs may triple as nat gas, propane shortage looms

https://www.foxbusiness.com/markets/heating-costs-may-triple-as-propane-shortage-looms

Ken31
Ken31
  B_MC
September 29, 2021 1:45 pm

I am wondering what happens to the currency and how that will affect mobility. I am trying not to panic buy a house right now. I don’t know if there will be a market in 6 months.

B_MC
B_MC
  Ken31
September 29, 2021 4:12 pm

Wolf Richter does as good a job as anyone in reporting on the overall housing market. His latest update:

The Most Splendid Housing Bubbles in America: Holy Cow, September Update

Crawfisher
Crawfisher
  B_MC
September 29, 2021 2:02 pm

I’m about to have a house built, will install dual fuel HVAC – propane / electric.
Vent-less gas logs incase of power failure. Now debating a wood burning stove?
Remember when we were energy independent last year under Trump? No one else seems to sarc/.

DRUD
DRUD
  Crawfisher
September 29, 2021 7:30 pm

Why not look into geothermal?

steve
steve
September 29, 2021 1:44 pm

I see a 90% drop in……………. his Adderall meds.

KaD
KaD
September 29, 2021 2:12 pm

The True Cost of Biden’s Legislative Agenda Is Worse Than We Could Have Ever Imagined: Study

CCRider
CCRider
September 29, 2021 3:39 pm

Interesting take-minus the theatrics. I’ve paid attention to markets for decades and I can tell you charts and this sort of analysis have ‘predicted’ crashes all that time to no avail. There may be psychopaths buried in the bowels of the BIS who know when they’ll pull the plug but not this kid. Peter Schiff predicted the 08 crash and has been wrong ever since-13 years! Get diversified and forget the home runs.

Norman Franklin
Norman Franklin
  CCRider
September 29, 2021 5:50 pm

Agreed CC I’ve been hedging against this crap as long as I can remember. Maybe at some point my stoped clock will be correct and I’ll have to dredge the swamp behind my place where we had that tragic Jon-boat accident.

I stoped watching the video when I saw the stupid ass tattoos on his “Sleeve”

As for the housing market that is a dilemma. I sold our house a year ago for top dollar, kept the back four acres with plans to build on our free and clear oasis. We still don’t have the building permit. At this point we might just buy a house even though I swore I would never buy near the top, Have sold four houses over the last twenty years at or near the top. Rents here are through the roof. Lumber isn’t getting any cheaper and I’m not getting any younger.

CCRider
CCRider
  Norman Franklin
September 29, 2021 6:05 pm

Good luck, Norm. I will do the same soon.

Stucky
Stucky
September 29, 2021 5:40 pm

Did he say his power “jerks off”? Yes, at the very beginning. The visual of that kept me from understanding what the hell he was talking about.

A clearer explanation of Reverse Repo would have helped. I just don’t understand the concept of giving a car back after repossessing it in the first place.

CCRider
CCRider
  Stucky
September 29, 2021 6:07 pm

I have found this site to be measured and informative:

Stucky
Stucky
  CCRider
September 29, 2021 6:19 pm

Thx, cc.

Ghost
Ghost
  CCRider
September 30, 2021 7:43 am

Thanks. Great topic but the millennial tone is offputting to an old hillbilly like me.

DRUD
DRUD
  Stucky
September 29, 2021 7:32 pm

Yes, the Fed jerks off the banks and the banks return the favor. Every night to the tune of 1.35 TRILLION. Circle jerk complete with reach-arounds.

subwo
subwo
September 29, 2021 9:02 pm

Supply chain will tank markets. I was reading today that Port of LA has 500,000 containers awaiting to be off loaded. Yesterday in King Soopers there were two little bunches of fresh chicken packages, breasts and thighs.

https://www.theepochtimes.com/mkt_breakingnews/workers-who-maintain-supply-chains-warn-of-worldwide-system-collapse_4023717.html?