shortonoil wrote:Not Transitory - Fed Liquidity Handout Surges To Near $90 BillionSo much for the 'transitory' liquidity shortage arguments put forth by commission-takers and asset-gatherers, The NYFed accepted $87.7 billion (in o/n and term) repo today - the highest level yet.
https://www.zerohedge.com/markets/not-t ... 90-billion
The situation is deteriorating rapidly.
Huge $190.2B Bank Bailout Today with No Signs of Stopping!!
... as Beijing runs the risk of an out-of-control capital flight should it push too hard to stimulate the local economy at the expense of another sharp devaluation in the yuan. In short, whereas the official data does not show it, reading between the lines suggests that the global economy may be on the verge of collapse.
shortonoil wrote:Huge $190.2B Bank Bailout Today with No Signs of Stopping!!
When the banks go broke, it sort of follows that so is everyone else.At this rate the world should be in complete melt down sometime this coming year.
Panic Behind The Scenes: China's Capital Outflows Are Soaring
Fed Confirms That Federal Borrowing a Cause of Liquidity Crisis
Robert Kaplan, the president of the Federal Reserve Bank of Dallas, has confirmed that the surge in U.S. government borrowing in September 2019 was a primary cause of the liquidity crisis affecting the nation’s money markets. Reuters reports that revelation from Kaplan’s speech on Friday, October 11, to the Commonwealth Club of San Francisco:
https://blog.independent.org/2019/10/14 ... ty-crisis/
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