til jobben er riktig og godt gjort
Når tiden er inne, og det tror jeg ikke den er veldig snart, skal vi legge de verktøyene bort.
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Se om denne lenken fungerer?
The future of the Federal Reserve’s emergency lending facilities is in doubt as a result of divisions in Washington, sparking concern among investors that their lapse could rekindle financial market volatility just as the economic recovery is losing steam. Since March the US central bank has rolled out 13 credit facilities to ensure that businesses and municipalities of many sizes have easy and cheap access to credit throughout the pandemic downturn.
The programmes allow the Fed to pump trillions of dollars into the financial markets through the purchase of corporate debt, including some risky junk bonds, and debt issued by state and local governments; loans to medium-sized businesses; and backstops for the short-term funding markets. They were created under powers that allow the central bank to make asset purchases in “unusual and exigent circumstances”, and their potential size was dramatically increased thanks to money from the US Treasury to cover losses.
Twelve of the 13 facilities are set to expire on December 31, however, posing a dilemma for policymakers in the final weeks of the year. While the Fed board, including chairman Jay Powell, appears to be leaning towards extending them, as it did ahead of the previous deadline in September, the Treasury department — which needs to sign off on the extension — has not yet decided whether to go along. It feels like now is not the right time to gamble Ed Al-Hussainy, Columbia Threadneedle Mr Powell this week conveyed his preference to keep the facilities running in the near term, even though they are not currently being widely used, reflecting his assessment that the next few months may be “very challenging” for the US economy. “When the right time comes, and I don’t think that time is yet or very soon, we will put those tools away,” he said at a virtual Bay Area Council event on Tuesday.
Many investors have also made the case that policymakers should tread carefully given the risks to the outlook posed by the global surge of Covid-19 cases. “Given the fact that we are still in the jaws of the coronavirus crisis and these are effective, well-designed lending facilities, the case for leaving them in place over the next couple of months as a backstop is very strong,” said Nathan Sheets, chief economist at PGIM Fixed Income and former under-secretary for international affairs at the US Treasury. Ed Al-Hussainy, a currencies and rates analyst at Columbia Threadneedle, added: “It is a bold gamble to take the programmes out of commission. It feels like now is not the right time to gamble.”
Republican senator Patrick Toomey of Pennsylvania, a member of the oversight panel, has also called for that programme, known as the Municipal Liquidity Facility, or MLF, to be wound down.
“Economic data is coming with greater strength than many have forecast, and using this programme to do anything more than what it was intended to do — which was to provide temporary liquidity — would, in my view, be inconsistent with Congressional intent when it passed the Cares Act,” he said during a September hearing, referring to the March relief bill that provided the Fed with $454bn of equity from the Treasury.
Ian Katz, a policy analyst at Capital Alpha Partners, said: “The real question here is the politics. It’s unclear whether the outgoing White House wants to do this. They may feel like letting the Democrats figure it out.”
To end this facility voluntarily right now in arguably the height of the crisis would be indefensible,” said commission member Bharat Ramamurti, a former aide to Democratic senator Elizabeth Warren of Massachusetts. “At this point, the only reason that the Treasury department would decide not to extend these facilities is that they purposely want to undermine the ability of the incoming Biden administration to handle this crisis,” Mr Ramamurti told the FT.
Hvis Trump innser at soft-kuppet hans ikke lykkes vil han nok gjøre alt han kan for at marketed skal stupe mer eller mindre idet Biden overtar.
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Det hadde ikke overrasket meg ett sekund med han der…
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Stadig nye coronarekorder i US:
Coronavirus update: U.S. moves closer to 200,000 cases a day; Birx and Fauci urge Americans to follow safety measures over Thanksgiving
De amerikanske børsene avslutter fredagskvelden med fall, etter å ha steget til nye rekorder i starten av uken.
Markedet har de siste dagene gått fra optimisme rundt flere oppløftende vaksinenyheter, til frykt og usikkerhet med økende smittespredning og stadig mer omfattende nedstengninger.
Torsdag stengte New York ned sine skoler, og amerikanerne anbefales nå å holde seg hjemme i feiringen av Thanksgiving neste uke.
Så langt er nær 12 millioner amerikanere smittet av coronaviruset og 253.663 er døde, ifølge VG. Denne uke ble det satt flere dystre rekorder for antall smittede per dag. Tallet nærmer seg nå 200.000.
Vil trekke tilbake penger fra Feds kriselån
Torsdag kveld ble det klart at USAs finansminister Steven Mnuchin ikke ville godkjenne en forlengelse av flere kriselånsprogram som sentralbanken tilbød da coronapandemien herjer som verst, ifølge Reuters. Disse programmene løper ut ved årsskiftet.
Finansministeren vil dermed trekke tilbake finansiering av ordningen. Selv om Biden trolig vil forsøke å endre på dette i januar, kan det ta tid å få godkjenning i kongressen. Biden-teamet har fredag kommet med krass kritikk av utspillet, som kalles «dypt uansvarlig», ifølge Washington Post.
Sentralbanken (Fed) svarte også umiddelbart at det ville være en klar fordel om krisetiltakene kunne fortsette som en viktig støtte for den fortsatt svært sårbare økonomien.
Dette bidrar fredag til å skape ny usikkerhet.
Nedstengninger, smittespredning, vaksineutvikling og signaler om kommende forhandlinger rundt USAs neste krisepakke ser nå ut til å være de viktigste driverne for aksjemarkedet.
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Bare vent på søndag ettermiddag, stimulus hope, vaccination around the corner osv…
Funny at man “framer” 1% ned på fredag som en nedtur etter at det har gått opp nærmest hver dag 3 uker.
NUMBER GO DOWN
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De der er virkelig jojo analytikere…
ikke les finansnyhetene, de forteller deg ingenting før etter at noe er et faktum (og knapt nok da i disse klikkbait tider)
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“dette er hvorfor du skulle kjøpt i april” ville vært en typisk nyhet 
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Edit:… Men det finnes fortsatt muligheter"
Eller «derfor kjøpte jeg i april»
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Hehe, når man bare kan gi blaffen i det fundamentale fordi vi har sentralbanker.
Da er det vel bare snakk om tid flr dagens pengesystem er ødelagt. Bare fortsette med sinnsyk pengetrykking kan umulig gå bra i lengden.
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Norge er vel omtrent det eneste landet i verden med penger på bok, mens andre land drukner i statsgjeld for å si det veldig forsiktig. Allikevel gjør krona det veldig dårlig. Til og med støttekjøp fra sentralbanken utgjør lite. Merkelig marked det der…
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