Peak Oil News and Message Boards

ROCKMAN wrote:Cog - "There is also an ideological side of doomerism." Not just cookers but "environmentallists" and cornucopians. Did you follow my long running battle with a variety of "environmentalists" that could not contain their excitement over President Obama's refusal to approve the Keystone XL permit. A great "victory" to save the climate. Eventually as oil sands production continued to increase they moved on to other "victories" like the Paris Accord. But I don't recall a single post here or an article in the MSM admitting the lack of the permit made no difference at all.
Lots of cornie examples as well as greenies who try to stretch reality to fitting their "hopes".

kublikhan wrote:Anyone who takes StarvingLion's rants seriously has their head up their doomer butt.

When the Fed's balance sheet will finally shrink, the current large amount of excess reserves will begin to adjust to a new reality. There are three distinct effects that could occur: monetary base contraction, the revival of the federal funds market and an increase in velocity of money.

Federal Reserve officials said the shedding of the $4.5 trillion in bonds the central bank is holding on its balance sheet will begin this year. Unwinding the balance sheet is significant both because of its sheer size and the impact it could have on markets.

The Federal Reserve is actively considering a profound change in US monetary policy, in effect the reversal of quantitative easing (QE). In its March meeting, the FOMC discussed its strategy for the future run down of its balance sheet, and said that further debate would take place in upcoming meetings.
The FOMC has already concluded that “a change in the Committee’s reinvestment policy would likely be appropriate later this year.” Investors are therefore beginning to focus on the possible consequences of the reversal of QE on interest rates and the shape of the yield curve.

The FOMC has already outlined some of the principles that will guide the shrinkage of its balance sheet. The central bank’s portfolio of treasuries and mortgage backed securities will almost certainly be run down in a gradual and predictable manner, allowing bonds to run off as they mature, instead of reinvesting the proceeds in more bonds. There will be no direct sales of bonds into the open market.

Some of the effects of balance sheet normalisation may already be in the market. According to to New York Fed’s Primary Dealer Survey in March, market participants already expect the run down to start in mid 2018, when the Fed funds rate has reached 1.63 per cent.

That article is 5 years old short. Why don't you try looking at what the FED is saying today:

shortonoil wrote:This one is 1 month old, and the FED has a $4.5 trillion balance sheet. A lot of it is worthless garbage like repurchased Chinese MBS that aren't worth 5¢ on the dollar. The FED is not going to be reducing anything as long as you are are breathing. Come visit our once beautiful planet from time to time. Learn how things work on this side of the stratosphere.

https://fred.stlouisfed.org/series/WALCL

ROCKMAN wrote:Lots of cornie examples as well as greenies who try to stretch reality to fitting their "hopes".

ROCKMAN wrote:Here you go if you want the proof directly from the govt:

https://faq.ssa.gov/link/portal/34011/3 ... t-benefits

Folks getting close to retire should read the govt's SS website. For a govt product it is really excellent. And more important: easily navigated and even an easier read.

A lot of it is worthless garbage like repurchased Chinese MBS that aren't worth 5¢ on the dollar. The FED is not going to be reducing anything as long as you are are breathing.

ROCKMAN wrote:Adam - "It says right off the bat that there is a yearly earnings limit". No it doesn't. Read again and pay attention to the phrase "full retirement age". And even before FRA there is not limit: you can earn ASD much as you like. But for every $2 over a certain amount you have $1 deducted from you check.

Here, let me spoon feed you. LOL. Directly from that link:

"You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, we will reduce your benefit."

Wanna bet on that?

shortonoil wrote:

Wanna bet on that?

A world reserve currency which is backed by mostly garbage; which is powered by oil that is ever more useless; controlled by unscrupulous, diabolical camel jockeys and sand niggers.

Three to one odds that the Middle East is burning before King Salman bin Abdul Aziz al-Saud collects another wife.

A world reserve currency which is backed by mostly garbage