In The News Today...

Wait until this cash hits the market over the coming weeks.

AAPL looks good at $168 (bearish).

Bunch of folks will think they're safe in AAPL.


Michael Wilson thinks there'll be negative monetary velocity though.

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Coordinated central bank action to enhance the provision of U.S. dollar liquidity

March 19, 2023

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April.
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https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm

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'Newsom under pressure to take executive action on reparations if California Legislature doesn't act'

'Reparations movement gains steam in California, which entered union in 1850 as a free state' - Go figure

Less than on year before the SC primaries. If Newsom hopes to become president, he has to do well there. If he doesn't act on reparations, he will lose black support.

'The California Reparations Task Force, which was created by state legislation in 2020, is considering a proposal to give just under $360,000 per person to approximately 1.8 million Black Californians who had an ancestor enslaved in the U.S., putting the total cost of the program at about $640 billion.'

$360,000 per person. Those black women who qualify and had abortions must be kicking themselves.

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

The state is $145 billion in debt. By democrat standards, an extra $650 billion is affordable.

Quote: Tanko

'Newsom under pressure to take executive action on reparations if California Legislature doesn't act'

'Reparations movement gains steam in California, which entered union in 1850 as a free state' - Go figure

Less than on year before the SC primaries. If Newsom hopes to become president, he has to do well there. If he doesn't act on reparations, he will lose black support.

'The California Reparations Task Force, which was created by state legislation in 2020, is considering a proposal to give just under $360,000 per person to approximately 1.8 million Black Californians who had an ancestor enslaved in the U.S., putting the total cost of the program at about $640 billion.'

$360,000 per person. Those black women who qualify and had abortions must be kicking themselves.

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

The state is $145 billion in debt. By democrat standards, an extra $650 billion is affordable.

It's all talk that's going nowhere
THE MONEY AINT THERE
This is the right wing boogie man
Everytime there is a bad news cycle such as a Trump arrest, Trumpers point to reparations to show how bad the left is.
There is NO real support for reparations
I'm against
I have no doubt everybody on this board is against
I don't even know a single person personally that supports reparations
But
I have no doubt somebody such as EB believes that reparations are imminent:-)
Does Tanko think reparations are imminent. Curious. Wonder if he she or it has a grip on reality or living in the EB fantasy world :-)

Quote: Tanko

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

i started to quote this and write 'LOL' after it ... but then I clicked on the link!!

Quote: odiousgambit

Quote: Tanko

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

i started to quote this and write 'LOL' after it ... but then I clicked on the link!!

LGBTQ reparations
ROTFL
Might as well believe Trump beat Biden :-)
LOL

Quote: DoubleGold

Wait until this cash hits the market over the coming weeks.

AAPL looks good at $168 (bearish).

Bunch of folks will think they're safe in AAPL.


Michael Wilson thinks there'll be negative monetary velocity though.

--------------------------------------------

Coordinated central bank action to enhance the provision of U.S. dollar liquidity

March 19, 2023

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April.
.
.
.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm

------------------------------------------

And just like that, the SPX popped over the 200 day moving average.

Magic.

Quote: Tanko

'Newsom under pressure to take executive action on reparations if California Legislature doesn't act'

'Reparations movement gains steam in California, which entered union in 1850 as a free state' - Go figure

Less than on year before the SC primaries. If Newsom hopes to become president, he has to do well there. If he doesn't act on reparations, he will lose black support.

'The California Reparations Task Force, which was created by state legislation in 2020, is considering a proposal to give just under $360,000 per person to approximately 1.8 million Black Californians who had an ancestor enslaved in the U.S., putting the total cost of the program at about $640 billion.'

$360,000 per person. Those black women who qualify and had abortions must be kicking themselves.

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

The state is $145 billion in debt. By democrat standards, an extra $650 billion is affordable.

Yeah, now is the time to have as many babies as possible.

And move to California.

But make sure the correct race is selected, because the babies might have to pay instead of receive.

Quote: Tanko

'Newsom under pressure to take executive action on reparations if California Legislature doesn't act'

'Reparations movement gains steam in California, which entered union in 1850 as a free state' - Go figure

Less than on year before the SC primaries. If Newsom hopes to become president, he has to do well there. If he doesn't act on reparations, he will lose black support.

'The California Reparations Task Force, which was created by state legislation in 2020, is considering a proposal to give just under $360,000 per person to approximately 1.8 million Black Californians who had an ancestor enslaved in the U.S., putting the total cost of the program at about $640 billion.'

$360,000 per person. Those black women who qualify and had abortions must be kicking themselves.

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

The state is $145 billion in debt. By democrat standards, an extra $650 billion is affordable.

Nothing scares old white men like the thought of reparations!

Spoiler alert: never gonna happen! Stop worrying.

Quote: ams288

Quote: Tanko

'Newsom under pressure to take executive action on reparations if California Legislature doesn't act'

'Reparations movement gains steam in California, which entered union in 1850 as a free state' - Go figure

Less than on year before the SC primaries. If Newsom hopes to become president, he has to do well there. If he doesn't act on reparations, he will lose black support.

'The California Reparations Task Force, which was created by state legislation in 2020, is considering a proposal to give just under $360,000 per person to approximately 1.8 million Black Californians who had an ancestor enslaved in the U.S., putting the total cost of the program at about $640 billion.'

$360,000 per person. Those black women who qualify and had abortions must be kicking themselves.

Go for it. Then tackle Native American and LGBTQ reparations for another $100 billion.

The state is $145 billion in debt. By democrat standards, an extra $650 billion is affordable.

Nothing scares old white men like the thought of reparations!

Spoiler alert: never gonna happen! Stop worrying.

You never see a poll from rightys regarding reparations support
The horror of showing that it has no support even among democrats. Can't go there. Gotta keep the boogie man alive :-)

It's an absolute landslide against reparations. Shhh, don't tell foxnews or Tanko. They are desperately trying to keep the issue alive. Foxnews scaring grandpa since 1996 :-)


https://apnews.com/article/va-state-wire-us-news-ap-top-news-slavery-mi-state-wire-76de76e9870b45d38390cc40e25e8f03
Few Americans are in favor of giving reparations to descendants of enslaved black people in the United States, a poll shows,