Size of the TGA held at the Fed. Money market funds make up the majority of participants in the RRP scheme because it offers a risk-free way to earn yield. Its been a year daddy copypasta album. The US Treasury can roll over expiring debt, but it cannot issue new debt – that is, debt that would increase the aggregate balance of US Treasury bills, notes, and bonds outstanding. That would mean a massive amount of liquidity is being pulled from the market. As we know, risky markets move in lock step with the balance sheets of central banks – particularly the Fed's. Hehehahaha, HAHAHAHA!
- Its been a fing year daddy
- Its been a year daddy copypasta song
- Its been a year daddy copypasta album
Its Been A Fing Year Daddy
The TGA is at ~$500 billion currently. In 2022, the video's audio became a prevalent original sound on TikTok, used in ironic shitposts, lip dubs and 21st-Century Humor compilations. The key to shitcoining is understanding they go up and down in waves. I learned how to swim this summer.
Maybe someday, I can visit you in heaven, okay? But don't worry, hehe... On June 19th, 2019, YouTuber Gacha-Cupcake created a version of the video using Gacha characters, gaining over 8. I don't need to sleep with the light on anymore. Mommy told me the truth before she died. I know you don't like it when I cry. Quandale Dingle It's been 20 years, daddy. The remix was reuploaded by YouTuber [4] Nighcore Mtb in 2018, gaining over 10 million views in four years. But, he has not altered the Fed's pace of QT, nor indicated that any changes to the pace of QT is in the cards. In a similar vein, part of my portfolio missed the early innings of this recent rally of Bitcoin – which was also driven by expectations of forthcoming monetary easing – but that doesn't mean I should be obstinate and refuse to participate in the next part of the rally, which will be driven by the flows out of Reverse Repo Agreements and (as previously discussed) the spending of the TGA. Money market funds have therefore piled into RRPs – and as people like myself pull money from money market funds to invest in asset markets, it causes RRP balances to decrease, which then increases liquidity in the market. Of course, there could be some global political event that would spark a risk-off movement. External References. Related Entries 17 total.
Its intended destination? Mommy lets me sleep in one of your t-shirts. While the Treasury is busy selling debt, the Fed's policy as of right now is to continue reducing its holdings of US Treasuries by $100 billion per month. What are the rest of the world's major central banks doing vis-à-vis money printing? So he said he plans to live in the present, riding this potentially short-term wave of loose monetary policy and racking up some runs on the board. 6/5 stars in 18 years. Cat skiing is when you ride a cat – which is the machine that grooms the slopes – to get to the top of your runs. Maybe I'll Miss You Lyrics Heaven Knows ※ Mojim.com. The S&P 500 Index continued to rally 440% from June 2009 until December 2021.
Its Been A Year Daddy Copypasta Song
And I ate it all up. New York Federal Reserve Overnight Reverse Repo Agreements. I really like computers. Its been a fing year daddy. 7 million views in five days (shown below, right). That means the Treasury is likely going to spend all $500 billion of the TGA into the US economy, adding liquidity to the system and lifting risk asset prices. In the Fed's latest meeting, Sir Powell acknowledged that inflationary pressures are easing, and, depending on the data, the Fed may continue to slow down the pace of rate hikes or even pause them altogether. The rally in these stalwarts eventually stalls, and then prices fall slightly. Maybe I'll Miss You.
One day last week, as I was chilling in the gondola – playing on my mobile device and recuperating before my next run – I got to chatting with my K-pop star wannabe hedge fund bro. She told me that she believes Powell would in fact simultaneously cut rates while continuing QT. Skiing rapidly downhill through a thicket of trees requires 100% of your mental attention. And, given the yield difference between the two options isn't that large, the prevailing wisdom is "why take more risk than you need to? " I thought a bit more about what he said and emailed my banker to start pulling money from my money market funds and US treasury portfolio. Mental clarity and internal peace takes on extreme importance in a global society addicted to their endlessly pinging, internet-connected devices. At present, there is slightly more than $2 trillion parked in RRPs, which is down approximately $200 billion year-to-date when you remove the 2021 end-of-year window-dressing effect. Its been a year daddy copypasta song. But for now, all you need to know is that the BOJ seems absolutely determined to ensure hyperinflation takes hold in the land of setting sun.
I won't bore you too much with the technical minutiae of what that means, but the TL;DR is this: the US Treasury has about $500 billion sitting in the TGA (i. e., its checking account). The audio is often used in "try not to cry" challenges, where viewers are challenged not to cry while listening to it. But, while that setup brings me pure joy, it is not without risk. I stared thinking about collage. I made the honor roll, I hope your proud of me. Sometime in the summer, the Treasury will have spent all its TGA money, the US Congress will vote to raise the debt ceiling, and the Treasury will get back to flooding the market with debt. I Miss You Daddy, also known as It's Been A Year Daddy, refers to a viral Newgrounds animation where a young girl gives a monologue about her father who supposedly died in the September 11th, 2001 Attacks, telling him how much she misses him a year after his death. Can you see me on the field? I try not to be sad. I miss how you used to tickle me.. Tickle my belly. I hope you know your my hero. We had your favorite dinner tonight. In my last essay, "Bouncy Castle", I laid out my thoughts on scenarios in which the Fed might pivot. I try not to cry, Mommy says it's okay!
Its Been A Year Daddy Copypasta Album
If I had fallen into the crack I probably would have broken my skis and possibly tweaked my knee which, in the best case, would have ended my day, and in the worst case, ended my season. I love you so much.. Should Powell decide he wants to loosen financial conditions and step the pace of QT at the next Fed meeting, though, my bullishness would evaporate. The S&P 500 rallied 40% off its lows. I am in the camp that believes the quantity of money is more important, but we won't know for sure until Sir Powell actually sets this scenario in motion. The original sound became popularized over the course of the month in lip dubs, comedy videos and ironic 21st-Century Humor compilations, inspiring over 10, 000 videos in a month. I think it's still smell like you. When the TGA hits zero, get out of the market. Thud … I hit the opposite snow bank awkwardly and used my momentum to barrel roll over my skis. Park that thought for a second. If that happens, it becomes a bit unclear as to what would have a greater effect on USD liquidity – the price of money (which would be decreasing due slowing rate hikes and would be liquidity positive) or the quantity of money (which would be decreasing due to the shrinking of the Fed's balance sheet and would liquidity negative). Given it could not do so for the first half of the year, it means that a gargantuan amount of debt must be sold for the 2023 fiscal year in half the amount of time.
Should your attention slip for just a moment, you might find yourself playing the age-old game of man vs. tree. PSA: Always wear a helmet when skiing. He acknowledged that financial conditions are easing and will continue to loosen due to the TGA run down. The girl visits his grave and cries in a number of locations while offering specific reasons why she misses him (shown below, reuploaded to YouTube). The animation inspired videos and content referencing it over the following years.
But we also know that the Treasury will draw down the TGA to zero due to the debt ceiling being hit. He made the decision to exit short-term treasuries and go long equities back in December of last year. I started kindergarten this year, I carry a picture of us. When I've thought those all the way through, expect a detailed essay relaying my findings. In a beautiful place called heaven. The video was very well received on Newgrounds, gaining over 843, 000 views and an average rating of 4. All aboard the S. S. Bitcoin, en route to a final port in Shitcoin City. Globally – but this, as with all things in the universe, is a temporary phenomenon. Immediately following its exhaustion, there will be a political circus in the US around raising the debt limit. At the same time, the shitcoin complex stages an aggressive rally. And I can even open my eyes, when I'm underwater.
I really, really miss you. On May 17th, 2016, YouTuber KiKi Pepper posted a video reacting to a version of the animation, challenging herself not to cry, gaining over 4. As I approached what I thought was a normal mound of soft powder, I looked down and saw dirt. Is it true you're not coming home? The rate of change of rate hikes is slowing, which, vs. 2022, is a major improvement for market sentiment towards risky assets. And this stair-stepping process continues until the secular bull market ends. And at the speeds I travel, tree always wins – with getting knocked on my ass being the best-case outcome. The question then becomes – if inflation, the US labour market, and the US economy in general is softening in the second half of 2023, will the Fed on the one hand pause rate hikes (or even cut rates), while at the same time tightening monetary conditions by continuing to reduce its balance sheet via QT?
The TGA will be exhausted sometime in the middle of the year. I wish my size actually mattered, but it doesn't – so please don't think that when this happens, it will have any discernible effect on the price of the orange coin.