I was a 1st time listener yesterday while driving. He kept saying 'QT is over'. What does this mean?

Chris Platt(?) was on air before him. I laughed a LOT.

Platt or Pratt?

Quantitative tightening

Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

Sims said:

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Thanks. That'll do it. It's a wrap, folks.

Ag_of_08 said:

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Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

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For your inaccurate assessment, the applicable phrase would be 'qualitative tightening'

IndividualFreedom said:

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Cutesy Time

Bongino is saying it is over. No more emotions, just arse kicking karate man style.

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I believe he is quoting Joey Bagadonuts

Quiet Time?

Dill-Ag13 said:

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Quantitative tightening

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There has been essentially no quantitative tightening.

He is essentially saying "No more quality tickling...playtime is over."

Obliviously referring to Quentin Tarantino when he turns vampire and is staked in 1996's From Dusk Til Dawn. Excellent cinema.

Logos Stick said:

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Dill-Ag13 said:

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Quantitative tightening

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There has been essentially no quantitative tightening.

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This. Can't end something that never began

captkirk said:

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Logos Stick said:

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Dill-Ag13 said:

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Quantitative tightening

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There has been essentially no quantitative tightening.

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This. Can't end something that never began

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The Fed has dropped about $2T from it's balance sheet since the 2022 high. (Which would be QT by definition)

Of course, that was mostly offset by the Treasury (who has been directly fighting the Fed on inflation) to the tune of a $1.6T decline in the TGA - or monetary stimulus...quantitative easing...whatever you want to call it.

In effect, no, there has been no QT but the blame doesn't reside with the Fed.

Qt

Quote:

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Qt (pronounced "cute" or as an initialism) is a cross-platform application development framework for creating graphical user interfaces as well as cross-platform applications that run on various software and hardware platforms such as Linux, Windows, macOS, Android or embedded systems with little or no change in the underlying codebase while still being a native application with native capabilities and speed.

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rausr said:

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Qt

Quote:

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Qt (pronounced "cute" or as an initialism) is a cross-platform application development framework for creating graphical user interfaces as well as cross-platform applications that run on various software and hardware platforms such as Linux, Windows, macOS, Android or embedded systems with little or no change in the underlying codebase while still being a native application with native capabilities and speed.

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Now I understand why Patrick Byrne calls his computer guys and their lingo, "dolphin speak." That makes zero sense to me.

Sims said:

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captkirk said:

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Logos Stick said:

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Dill-Ag13 said:

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Quantitative tightening

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There has been essentially no quantitative tightening.

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This. Can't end something that never began

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The Fed has dropped about $2T from it's balance sheet since the 2022 high. (Which would be QT by definition)

Of course, that was mostly offset by the Treasury (who has been directly fighting the Fed on inflation) to the tune of a $1.6T decline in the TGA - or monetary stimulus...quantitative easing...whatever you want to call it.

In effect, no, there has been no QT but the blame doesn't reside with the Fed.

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While they were Qt'ing pennies, they opened BTFP for a year to save the banking industry by essentially funneling free cash to banks.

There was never QT. There was only ever an illusion of QT through accounting tricks. That's central banking 101 dating back to the earliest days of the BOE. Central banks are nothing more than monopolies on money supply, whose purpose is to protect the leverage and profits of its member institutions.

I didnt vote for or support Biden/harris/ etal. I realize the Trump cult can never admit its leader was wrong, but the man spends like crazy... sorry, just facts.

Prosperdick said:

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Ag_of_08 said:

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Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

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Let me guess, you thought Biden's Inflation Reduction Act would actually reduce inflation.

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Well, yeah, when your currency is devalued from massive government spending, the only logical solution is more government spending of course. That's how they know Bidenomics is working and they are very proud of Bidenomics.

Trump didn't "break" me. Obama/Trump/Biden and the absolutely drunken idiocy of spending/taxes/tariffs/bad fiscal and governmental policy have put me in a place where what used to be a good job is now a disaster but.

I just dont worship the ground the man walks on.

Ag_of_08 said:

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I didnt vote for or support Biden/harris/ etal. I realize the Trump cult can never admit its leader was wrong, but the man spends like crazy... sorry, just facts.

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Are you talking about spending for the global pandemic?

And bailouts, and his failure to reduce govt spending.

So who did you vote for?

Ag_of_08 said:

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I didnt vote for or support Biden/harris/ etal. I realize the Trump cult can never admit its leader was wrong, but the man spends like crazy... sorry, just facts.

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All conservatives from Reagan on have spent insane amounts of money. The left is not the only side of the isle that needs to revisit its Libertarian roots.

Ag_of_08 said:

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I didnt vote for or support Biden/harris/ etal. I realize the Trump cult can never admit its leader was wrong, but the man spends like crazy... sorry, just facts.

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There's the cult claim. I've criticized Trump before as well as many on this site. Funny the "Trump cult" is a trope the left likes to bring out to denigrate those that support him yet you say you're not a liberal? You certainly sound like one. Sorry, just facts.

Heineken-Ashi said:

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Sims said:

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captkirk said:

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Logos Stick said:

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Dill-Ag13 said:

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Quantitative tightening

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There has been essentially no quantitative tightening.

---

This. Can't end something that never began

---

The Fed has dropped about $2T from it's balance sheet since the 2022 high. (Which would be QT by definition)

Of course, that was mostly offset by the Treasury (who has been directly fighting the Fed on inflation) to the tune of a $1.6T decline in the TGA - or monetary stimulus...quantitative easing...whatever you want to call it.

In effect, no, there has been no QT but the blame doesn't reside with the Fed.

---

While they were Qt'ing pennies, they opened BTFP for a year to save the banking industry by essentially funneling free cash to banks.

There was never QT. There was only ever an illusion of QT through accounting tricks. That's central banking 101 dating back to the earliest days of the BOE. Central banks are nothing more than monopolies on money supply, whose purpose is to protect the leverage and profits of its member institutions.

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BTFP was approximately $165B...so less than a 10th of the QT pennies.

I agree with you overall that QT overall has not occurred. At the risk of being labeled a Fed cheerleader, I do think it's important to accurately take all activity into consideration.

So OP, when the Fed wants to stimulate, it "buys" financial instruments (lately bonds, treasuries, mortgage-backed securities) by crediting the accounts of the big, system-enabling banks. This expands the money supply because the fed doesn't hand over existing money that it got from somebody else, it just adds the amount to the account of whatever big bank. (This is what people are talking about when they mention the money printer.) conceptually, it's like if you needed to borrow $100 and I mint a new $100 bill in front of you and then lend it to you. This is quantitative easing since it eases financial conditions: there's more money in the system, and that basic law of economics (greater supply reduces price) is true with money too (the price you pay is interest or the exchange rate, so larger money supply = lower interest ). It's also inflationary for goods and services since more money in the system means more money to spend on crap (increased demand = increased price).

Now, if the bond or treasury comes due and the fed doesn't simultaneously buy another offsetting bond/treasury of the same size, the opposite happens: the money supply shrinks because the fed debits the account of the big bank, which takes that money out of the system. Imagine my $100 loan from above is now due, so you pay me and I immediately light the bill on fire in front of you. That cash is now gone. Shrinking the money supply is restrictive (opposite of simulative) since it means there's less money to loan and spend on crap (deflationary), which raises the cost of borrowing, which pushes the economy toward economic contraction / a recession. That's quantitative tightening, or QT.

You tighten to fight inflation. Since the Fed's dual mandate says it must control inflation AND minimize unemployment, and they're ceasing their anti inflation action, this implies that 1) they're now increasingly worried about a recession and by extension unemployment (relative to their worry about inflation) or 2) they at minimum no longer as worried about inflation

Dan Bongino

aTm2004 said:

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Ag_of_08 said:

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Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

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May want to look into IV fluids. You're gonna cry yourself into a prune.

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Better yet...

LMAOO

Who made this sht!? 🤣🤣 pic.twitter.com/gytSHQz69X

— American AF 🇺🇸 (@iAnonPatriot) November 14, 2024

Ulysses90 said:

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aTm2004 said:

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Ag_of_08 said:

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Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

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May want to look into IV fluids. You're gonna cry yourself into a prune.

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Better yet...

LMAOO

Who made this sht!? 🤣🤣 pic.twitter.com/gytSHQz69X

— American AF 🇺🇸 (@iAnonPatriot) November 14, 2024

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Funny, but a huge number of libs would sign up for that.

Tea Party said:

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Ag_of_08 said:

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Were about to move back into "spend baby spend", followed by "why is inflation so high? Trump said it was coming down."

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It's sad how many people Trump broke.

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No, it's not. Their pain gives me happiness and my daily sustenance.