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Business, Economics, and Taxes: Capitalism. Yay? >=(
- Thread starter RaceBoarder
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St. Clown
Ideas Posted are Likely Not My Own
The short version is that it takes cash out of the economy as banks have to keep more cash within their FRB accounts. That would, normally, cause an increase in market interest rates as there’s less cash available to lend. However, given the tendency to try keeping interest rates as near zero as they can, I expect the Fed to start buying some Treasury debt to inject more cash into the system, offsetting the Required Ratio reset.
St. Clown
Ideas Posted are Likely Not My Own
QE is putting more cash into the economy. Increasing the scope of what’s applied to the Required Ratio, or the % of the ratio itself, would cause the opposite. That’s why I think there will be an offsetting action taken by the Fed in the near future.
dxmnkd316
Lucia Apologist
RIght, yeah, I wasn't very clear. I meant the Fed buying treasuries to offset is a form of QE.
Kepler
Cornell Big Red
This is the image that has been circulating about the ostensible "traffic jam" caused by the ship, but for all I know this is what ordinary traffic flow looks like:
From one of the coolest sites on the net: there's our baby.
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I’m relieved to see our news sources are capable of reporting on something as important as Suez Canal traffic, while also reporting on alleged sexual predators like Cuomo and Watson. By chance, does the Suez Canal do more worldly business than that bridge in New York? ;-)
Yeah - even when traffic is normal, all those same ships would be there. The key tell would be *velocity* data, not position. There and moving = normal. There and stopped = slight problem.
dxmnkd316
Lucia Apologist
Anyone who thought this was going to take a day or two doesn't understand m*v
220,000 tons * 13 knots = LOL. Imagine a train 220 miles long (or 110 miles if you can double stack the containers). That's how much cargo this bad boy holds.
Recalls to mind one of my favorite mind-blowing stats from CERN: at full energy, the beam of protons circulating inside the LHC (rest mass less than a billionth of a pound) has as much kinetic energy as a typical TGV train (France's 350 km/hr high speed rail).
Why would you think it's not regulated?
Of course it is, and it's worked well for many tens of thousands of trips through the canal. Maybe this really was a 9-sigma event? Incredibly unlikely things happen all the time - every time there's a mega lottery winner, a billion-to-one shot just occurred. No way to know if this was a systemic failure or bad luck until the forensics are complete.
ScoobyDoo
NPC
Cause it doesn't pass the eye test. Seems to me the globe is having a whole shit ton of 9-sigma events lately.
Jimjamesak
Already insane, UAA making it worse
On the plus side, this could mean more business for the air cargo carriers. 
Sure is. And always has. With many trilllions of "events" each day, unlikley things are......likely....to happen. That does not prove that they were not, in fact, unlikely.
Kepler
Cornell Big Red
I was surprised to read only about 50 ships go through the canal a day.
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