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Making money. Charles so another session, started off slow. But finding the footing. Remember yesterdays rally coming on what i think was the biggest uncovered news of the year. Federal reserve perhaps using new tools, including negative Interest Rates to pour unimaginable amounts of money into the economy. Meanwhile we might see biggest private equity deal in history that is the scuttle but today, folks. There are sparks around boeing as with Warren Buffett circling with his 120 billiondollar cash hoard. We belpointe chief market strategist, david nelson, from federated investors phil orlando. Let me start with the fed, okay. This is, they have a trillion dollar printing machine or 4 trilliondollar printing machine. I didnt really see a lot on this yesterday. When i went home last fight, i read Bernie Ben Bernanke ....
Pretend that people have somehow betrayed the population actually the 650 members of parliament in the house of commons each one of whom is trying their best to do the best for their own constituents of course they dont look great you know thats the beauty of democracy they have to agree but i think its really wrong to say that were deliberately trying to frustrate the will of the people with in excess actually some of the people that you will meet in the house of commons in the most brilliant intelligent caring hard working individuals and to try and portray all of us told us all with one brush is just very wrong but i also think them came you mention the media earlier and then me a lot of these cues are being taken from the extreme language should be news but i think to lead when you splash the word trade across the front page of a leading newspaper well of course and of course people are going to have got that number to begin opening that the book. And you know that the 2 tweets tha ....
so great to have you all here. as you know we are an independent bookstore and wine bar and events like this are our favorite thing to do so we re excited you could all comeout . if you are not here for the event the aware thatit s going on . tonight we have the honor of having cesar fernandez who has written migrating to prison, america s obsession with locking up immigrants. he is a professor of law at the university of denver and an immigration lawyer who runs immigration.com and speaks on immigration law and policy issues, he hasappeared in the new york times, wall street journal, npr, guardian and other venues . please give a big welcome to cesar. [applause] good evening. great to be here with all of you. it s really nice when i find out that i m not the only one who thinks that spending a saturday night in a bookstore is the best option available. especially here. i actually wrote a decent chunk of migrating in prison over at the bar just behind some of you so i ....
The statement the following. I quote. The committee currently expects to implementing Balance SheetNormalization Program earlier this year, provided that the economy evolves broadly than anticipated. In a separate press release, trish, they outline how all of this will work. Fed will begin to unwind the Balance Sheet by allowing 6 billion to roll off monthly initially, 6 billion at threemonth intervals over 12 months until it reaches 30 billion per month. Separately as relates to mortgagebacked securities, 4 billion a month initially. Will increase to 4 billion over threemonth intervals to 12 months until it reaches 20 billion per month. As far as relates to long term projackses here, the fc projects here, three rate hikes this year. They dropped their projection from march earlier this year, from 1. 9 to 1. 6 . Th ....