PIFinsights
@FinsightsPi
Gathering worldly insights for a wholistic perspective
This is the key bit. While the programs in question have only provided credit in the region 18bn, the Treasury's 'first loss' protection is well in excess of that: $96bn (with 2x10bn still remaining in place for other facilities yielding the $116bn total)
H.4.1 consolidated statement of condition of all fed banks...shows that the total to be 116bn. how is that different from the 18bn.
So, does anybody actually has a good sense about what Mnuchin/GOP would like to do with the money? Is the goal to get rid of the Fed facilities, or to reappropriate the funds (about $250bn 'unused')?
1/ Druckenmiller's first mentor, Speros Drelles, would often tell him that "60 million Frenchman can't be wrong." Here's a thread on what that means and how to know when you should listen to or ignore the "Frenchman" (market)...
$TSLA is on the outside looking in, as the S&P 500 adds $ETSY this month #TheHangover
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