- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Oh Dear : Us Federal Reserve Is Broke
Collapse
X
-
-
Watch the Grenbacks tumble
Feel the Sterling Crumble
You need the luck
To make a buck
But you're living on instict
Better keep cool on Wall St - when you're index is low -
"the Treasury said it would sell $30 billion in 20-day cash management bills with a closing competitive bid time of 11:30 a.m. New York time and $30 billion in a 76-day cash management bill with a closing competitive bid time of 1 p.m. "
can someone explain this to a none finance market savvy geek like me please..
are they effectively releasing more cash into the system?
what is a 20-day cash management bill?
how would you bid for $30 billion? surely the bid should be $30 billion or nothing?The proud owner of 125 Xeno Geek PointsComment
-
-
Originally posted by chef View Post"the Treasury said it would sell $30 billion in 20-day cash management bills with a closing competitive bid time of 11:30 a.m. New York time and $30 billion in a 76-day cash management bill with a closing competitive bid time of 1 p.m. "
can someone explain this to a none finance market savvy geek like me please..
are they effectively releasing more cash into the system?
what is a 20-day cash management bill?
how would you bid for $30 billion? surely the bid should be $30 billion or nothing?Comment
-
It's the US Treasury that are doing the borrowing from the market. Who will lend them the money? All those people who doing want to hold US Stocks and want to hold 'safer' US Bonds.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
-
looks like a credit downgrade of US treasury bonds by the rating agencies is due - will it happen? Whaddayathink?"Condoms should come with a free pack of earplugs."Comment
-
Originally posted by BrilloPad View PostCant they just print more money?
$ would already have taken the hit but as everything is getting hit where do you go?
They are eating money!!Bored.Comment
-
Originally posted by HairyArsedBloke View PostIt's the US Treasury that are doing the borrowing from the market. Who will lend them the money? All those people who doing want to hold US Stocks and want to hold 'safer' US Bonds.
Soon USA is going to be owned by them - what will happen then? A massive shift of power?Comment
-
Originally posted by BrilloPad View PostGood question! I guess its the sovereign funds? Probably Arab and Chinese?
Soon USA is going to be owned by them - what will happen then? A massive shift of power?
International Holdings of US Treasuries:
1. Japan
2. China
3. UK
Source: US TreasuryHow did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment