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What liquidity issues? You are confusing liquidity with solvency. If one is broke, they can't have liquidity issues.
It's just that there are no buyers of some assets such as muni bonds and this will force the assets to be sold at a steep discount. The Fed is willing to hold such assets as collateral to prevent a dislocation of the market.
Quote:
Originally Posted by Ariadne22
Do you remember 2008/09?? I do, all too well. I hoped I'd never see again in my lifetime that abyss. And, yet, here we are. Liquidity issues?? Again??? There's such a thing a living too long.
I thought the Kashkari interview was more re-assuring than scary
Yeah, for those who couldn’t tell that he was lying through his teeth, I can see how it can appear reassuring.
Can’t blame him though. The point of this charade is to reassure the public and stop the run on banks.
Last edited by blahblahyoutoo; 03-22-2020 at 10:04 PM..
Yeah, for those who couldn’t tell that he was lying through his teeth, I can see how it can appear reassuring.
Can’t blame him though. The point of this charade is to reassure the public and stop the run on banks.
I thought he was mostly truthful except for when asked "Overall, are you optimistic or pessimistic?' His answer, of course, was that he was optimistic -- but it certainly didn't convince me.
He's a super smart guy, and it was an informative interview, IMO.
I thought he was mostly truthful except for when asked "Overall, are you optimistic or pessimistic?' His answer, of course, was that he was optimistic -- but it certainly didn't convince me.
He's a super smart guy, and it was an informative interview, IMO.
I thought he was mostly truthful except for when asked "Overall, are you optimistic or pessimistic?' His answer, of course, was that he was optimistic -- but it certainly didn't convince me.
He's a super smart guy, and it was an informative interview, IMO.
Exactly. He’s either a moron or a liar.
With his credentials, fed president and rocket scientist, you know he’s not stupid so clearly he’s a liar.
This is true, but it still rung hollow to me. I don't blame him if he was in fact forcing himself to appear optimistic, but I have my doubts about the truthfulness of that.
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