tag:blogger.com,1999:blog-6616959642391988608.post7125070080047203836..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The Fed's Balance Sheet simplifiedScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6616959642391988608.post-8297547835998335742015-10-17T00:14:56.320-07:002015-10-17T00:14:56.320-07:00THANK YOU SO MUCH SIR
FOR THE LOVE N VALUABLE NOT...THANK YOU SO MUCH SIR <br />FOR THE LOVE N VALUABLE NOTES...<br /><br /><br /><a href="http://sarvindataprocessing.blogspot.in/" rel="nofollow">Tally</a>Anonymoushttps://www.blogger.com/profile/13855147788235685124noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66668589115880078102015-03-12T21:24:53.276-07:002015-03-12T21:24:53.276-07:00The Nikkei 225 and the DJIA were both at about 18,...The Nikkei 225 and the DJIA were both at about 18,000 earlier this year.<br />The Nikkei just blasted through 19,000. <br />The DJIA is below 18,000 now.<br />The yen is getting cheaper. <br />The BoJ is doing QE. <br />The Fed is not.<br />Interesting times.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12327221176839830002015-03-11T17:09:55.478-07:002015-03-11T17:09:55.478-07:00Watch out for the trees while skiing in the forest...Watch out for the trees while skiing in the forest :)John McCormickhttps://www.blogger.com/profile/16224835291067550046noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22289365687651360152015-03-11T08:41:16.481-07:002015-03-11T08:41:16.481-07:00Re: BoJ buying stocks: according to the article li...Re: BoJ buying stocks: according to the article linked by William, the BoJ has bought a total of $23 billion of equities in the past 2 years. That is a very small fraction (0.5%) of the ~$5 trillion value of the Japanese equity market. <br /><br />More meaningful, probably, would be the purchases of equities by the government pension fund, with assets of more than $1 trillion. This would be Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1085243333404238992015-03-11T05:39:11.985-07:002015-03-11T05:39:11.985-07:00Japan Stock Market - it's even worst than I th...<b>Japan Stock Market</b> - it's even worst than I thought!<br /><br />Analysts say the BOJ’s action has been a significant driver of Japan’s stock market rally in recent months, combined with hefty purchases by the Government Pension Investment Fund. Their buying has often countered selling pressure from individuals in the market and made up for a weaker appetite among foreign investors.<br Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71410147265527286352015-03-11T02:29:40.721-07:002015-03-11T02:29:40.721-07:00BOJ Helps Tokyo Stocks to Soar
TOKYO—The Bank of ...<b>BOJ Helps Tokyo Stocks to Soar</b><br /><br />TOKYO—The Bank of Japan’s aggressive purchasing of stock funds has helped Japanese shares climb to multiyear highs in recent months. But some within the central bank are growing uncomfortable about the fast-paced rally and the bank’s own role in fueling it.<br /><br />http://www.wsj.com/articles/boj-helps-tokyo-stocks-to-soar-1426065432<br />------Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77171318272327715102015-03-10T07:15:56.047-07:002015-03-10T07:15:56.047-07:00zumbador: You're welcome, and thanks for the n...zumbador: You're welcome, and thanks for the nice comments. Big Sky is one of my favorite places (the weather has been ideal and the snow almost ideal), alongside Deer Valley and Keystone. We're in Big Sky with an old college buddy who lives in Great Falls and has skied everywhere. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31275227270838452672015-03-10T01:25:06.659-07:002015-03-10T01:25:06.659-07:00BTW Scott Grannis did provide an excellent link. T...BTW Scott Grannis did provide an excellent link. The math adds up...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71083119863020283452015-03-09T23:39:25.157-07:002015-03-09T23:39:25.157-07:00Skydude:
Regulatory capture can happen to any fed...Skydude:<br /><br />Regulatory capture can happen to any federal agency. <br /><br />It is worth noting that the Fed devised a stimulus plan that resulted in unknown amounts of transactions fees for the 22 primary dealers (I guess fees on $8 trillion of transactions, that $4 trillion of buying bonds, and another $4 trillion selling bonds to the Fed), and also in 0.25% interest on $2.5 trillion Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56820735195339698512015-03-09T23:30:36.845-07:002015-03-09T23:30:36.845-07:00Thanks Scott:
BTW, cash in circulation from Jan 2...Thanks Scott:<br /><br />BTW, cash in circulation from Jan 2007 to present is up only about $500 billion, not $800 billion, to a total of $1.34 billion. <br /><br />See:<br /><br />https://research.stlouisfed.org/fred2/series/WCURCIR/<br /><br />So...the math...well I give up on the math. But you gotta come up with $300 billion. <br /><br />Given the size of the grey market, I would say all that Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17234016849926370652015-03-09T21:47:16.787-07:002015-03-09T21:47:16.787-07:00I hope you have a great ski trip. I was a Alpine r...I hope you have a great ski trip. I was a Alpine racer for 8 years thru high school (Missoula MT) and college at U of M (University of Montana) Raced in the NCAA Championships for four years 1969 thru 1972. Also I always loved the skiing in Utah (especially racing) at Park City in Utah (traveled all over the Northwest for competitions) and my daughter and her husband still live in Bozeman MT zumbadorhttps://www.blogger.com/profile/03124444420383526405noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82396310749465778192015-03-09T21:12:06.938-07:002015-03-09T21:12:06.938-07:00Benjamin: the missing $500 billion can be found on...Benjamin: the missing $500 billion can be found on the link I provided. It's mainly reverse repos and "term deposits held by depository institutions." It's not mysterious. I excluded those items because they are "obscure" and in order to focus on my main point which is to demonstrate that the Fed has not been printing massive amounts of money.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8648939259634846702015-03-09T20:48:57.274-07:002015-03-09T20:48:57.274-07:00Scott Grannis.
1. I sincerely appreciate this blo...Scott Grannis.<br /><br />1. I sincerely appreciate this blog-post, and the effort made to wrangle with a vexing topic---a task made exasperating by the Fed's insistence on opaque language, reportage and verbiage. I am not criticizing anybody--I am only asking about the math.<br /><br />2. The numbers in the chart you present don't add up. <br /><br />Eyeballing the Fed liability and Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13072262367844859132015-03-09T19:54:01.626-07:002015-03-09T19:54:01.626-07:00surf: yes, that's exactly what they think—that...surf: yes, that's exactly what they think—that the US dollar is as good as gold. And much more convertible to boot.<br /><br />Why do they think that? Because their own currencies have had a record of failure.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28540186378049445902015-03-09T19:39:46.287-07:002015-03-09T19:39:46.287-07:00People outside the US holding the currency because...People outside the US holding the currency because they 'want' to? Is that kinda like people 'wanting' to hold gold? Does that mean these people think the US currency is similar to 'gold'? Wow!?surfsalterpathhttps://www.blogger.com/profile/01488686064332983618noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26903443792236061392015-03-09T17:49:34.863-07:002015-03-09T17:49:34.863-07:00This comment has been removed by the author.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3509850628359818282015-03-09T13:39:35.496-07:002015-03-09T13:39:35.496-07:00I guess the question is how do I form a bank to co...I guess the question is how do I form a bank to collect interest on excess reserves.skydudehttps://www.blogger.com/profile/13539912908412758893noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30092894760285501272015-03-08T22:34:21.346-07:002015-03-08T22:34:21.346-07:00The banks lend to speculators at cheap rates to in...The banks lend to speculators at cheap rates to inflate stocks and commodities. No demand for other lending. Jorodhttps://www.blogger.com/profile/02534475692757901959noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59051807725572786212015-03-08T21:25:19.961-07:002015-03-08T21:25:19.961-07:00They receive the interest the Fed pays on reserves...They receive the interest the Fed pays on reserves, which is currently 0.25%Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60579232721874984852015-03-08T20:29:21.303-07:002015-03-08T20:29:21.303-07:00First, I'd like to thank Ben Cole for providin...First, I'd like to thank Ben Cole for providing the link and clarification in the other thread.<br /><br />Regarding the $2.5T bank reserves; when the banks lend this amount back to the Fed are they currently receiving Fed Fund rate of about 0.11% annually?Andrewhttps://www.blogger.com/profile/01390035459036380103noreply@blogger.com