The Fed

[SuburbanFarmer]

Don't you know how to read those? The "Coupon Equivalent" is only due to the discount, the real coupon is 0.

I don't think that means what you think it means. https://www.investopedia.com/terms/c/coupon-rate.asp

I'm not familiar with 'coupons', but that doesn't seem to fit what you're talking about.

Coupon is the face value interest rate. It's usually a 6 month payout but there's 1-year and monthly coupons too. Many bonds have no Coupon, the Face of the bond, $1000, pays out in 6 months or a year, but the bond was purchased at a Discount, let's say 5%, so the Yield would be 5% at redemption. So that's a 0% Coupon, 5% Yield bond. Treasuries purchased by the Fed have no Coupon and no Discount, so their Yield is 0.

Well, that's actually terrifying, in a way. So the Fed has no incentive to protect their bonds in holding. I was holding that as the one saving grace of the coming crash, that they wouldn't let the bond market burn.

Seems I was wrong about that.

[Martin Hash]

The Collapse won’t be because of The Debt. It will be the $50K average CC debt, and the $trillion Student loan debt, and the 50:1 PE ratios. Imaginary money will play no part.

[SuburbanFarmer]

The Collapse won’t be because of The Debt. It will be the $50K average CC debt, and the $trillion Student loan debt, and the 50:1 PE ratios. Imaginary money will play no part.

Oh, it most certainly will. King Dollah is on the way out, as the main reserve currency. Hyper-inflation is not going to be imaginary at all.

[Speaker to Animals]

I'm just jazzed about the upcoming Thunderdome lifestyle. I wonder if Capps will become GCF's main squeeze in the no-homo biker gang.

[Okeefenokee]

We'd burn through the gas and bullets pretty quick.

Nah, it'll be more like the postman meets last of the mohicans.

Horses and tomahawks. Sneakin' up real quiet like.

Good thing I moved to horse country.