THIS chart is why I wrote THIS:t.co/JZE0kHPeSp
Banking system will implode if this happens. Think of life w/no mortgages, no car loans. That’s what it means if there’s NO curve to speak of. This is what happens when CBs go too far
@Quillintel
@SoberLook pic.twitter.com/qEg4RIqqe2— Danielle DiMartino Booth (@DiMartinoBooth) March 11, 2020
Remember when repo was temporary, then was temporarily increased, then it stayed temporarily running for 6 months, then it was to be ever so carefully tapered, but then stocks dropped and now repo is increased to ever new highs every other day now?
Who can trust the Fed?
— Sven Henrich (@NorthmanTrader) March 11, 2020
FED INCREASE REPO OPERATIONS – OVERNIGHT $150B to $175B. ADDING ONE MONTH TERM OPERATION FOR $50B.
EXTENDING OPERATIONS TO APRIL 13.
Just temporary guys.
— Brad Huston (@BradHuston) March 11, 2020
Now this is my kinda chart!! 😂👍 t.co/AWrG9yGThw
— George Gammon (@GeorgeGammon) March 11, 2020
Who the fuck is blowing up? Probably most European banks but it is not translating into the OIS spread. Or is it not translating because of the Fed pre-emptive n’arrange of funding?
— a h (@alexharfouche1) March 11, 2020
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