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Fed has $2,700,000,000,000.00 in mortgage backed securities
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Fed has $2,700,000,000,000.00 in mortgage backed securities


May 18, 2022, 2:23 PM

Lol. At rates of what? 2.8% to maybe 3.75% or 4%? Good luck selling those with 8% inflation.

https://www.axios.com/2022/05/18/fed-mortgage-portfolio

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I missed out on another this morning.


May 18, 2022, 3:12 PM

I offers at 7% less than offer with no contingencies; someone else came in at 100% full offer. House had been on the market since Saturday. It was owned for ~8 months, and was offered for sale at 17% more than the current owners paid for it.

The housing market is crashing any day!

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Whoah, that’s like a lot of zeros***


May 18, 2022, 3:40 PM



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“Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that my ignorance is just as good as your knowledge.” Isaac Asimov
Panta Rhei Heraclitus


It's two point seven trillion dollars. But the zeros look


May 18, 2022, 4:03 PM

more cooler.

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Re: Fed has $2,700,000,000,000.00 in mortgage = great reset


May 18, 2022, 4:16 PM

With the USA barely hanging on to solvency (as defined by taxes / incoming revenues > than interest payments on our debt), the world is approaching the great reset.

Japan - - already has higher interest payments on their national debt than incoming revenues.

When all of the big countries are underwater, then it looks like there will be big and universal 'self-forgiveness' of governmental debts, a currency re-do, and a huge screw-over for those normal private citizens who were financially sound with their family finances.

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Tax the Super Rich, tax the poor and all in between.***


May 18, 2022, 5:49 PM



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what would that accomplish?***


May 18, 2022, 7:50 PM



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If she's a hollerer, she'll be a screamer.
If she's a screamer, she'll get you arrested.


Re: what would that accomplish?***


May 18, 2022, 10:10 PM

Tropical is being sarcastic.

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Re: Fed has $2,700,000,000,000.00 in mortgage backed securities


May 18, 2022, 4:25 PM

Sadly, an opportunistic time for china to swoop in like buzzards on carrion.

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