But when you go on the financial news, everyone has forgotten about it and they’re back to telling you which stocks to buy. So stupid. People don’t realize what’s really happening. 10 years of adrenaline and a breathing and feeding tube into this sick patient and they have the audacity to tell us this is Weekend at Bernie’s?! It’s gone. It’s finished. You can’t put QE on top of QE in order to fix a problem of created by the makers of QE. It’s insanity!
The Repo Madness continues! It has been a wild ride so far but the media has already forgotten about it. Water under the bridge. Nothing to see here folks. Well in reality, the expectation is that it will actually get worse into year-end and the Fed is getting ready. JP Morgan who may have been responsible for actually triggering the Repo crisis, is making major changes to their portfolio, and some analysts are suggesting despite what they’re saying, JP Morgan seems to be preparing for a new Financial Crisis. Interesting indeed.
Repo and Reverse Repo Operations – Federal Reserve Bank of New York
Fed is open to changing its plan to calm repo markets if necessary, top staffer says – MarketWatch
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https://www.zerohedge.com/s3/files/inline-images/bfmBC49_0.jpg?itok=RH_3StTl
Money Market Developments: Views from the Desk – FEDERAL RESERVE BANK of NEW YORK
https://www.newyorkfed.org/newsevents/speeches/2019/log191104.html
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https://www.newyorkfed.org/medialibrary/media/newsevents/speeches/2019/log191104/fig3.jpg
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https://www.newyorkfed.org/medialibrary/media/newsevents/speeches/2019/log191104/fig4.jpg
JPMorgan pours $130bn of excess cash into bonds in major shift | Financial Times
https://www.ft.com/content/cb88f676-f9a9-11e9-a354-36acbbb0d9b6
Fed Outlines Rationale for T-Bill Buying, But Keeps Options Open
https://finance.yahoo.com/news/fed-outlines-rationale-t-bill-205648143.html
Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap | S&P Global Market Intelligence
China Makes First Cut in Key Lending Rate Since 2016 – Caixin Global
Australia’s central bank leaves rates unchanged – MarketWatch
https://www.marketwatch.com/story/australias-central-bank-leaves-rates-unchanged-2019-11-04
UAE’s central bank governor on interest rate cut and risks ahead
https://www.cnbc.com/2019/11/03/uaes-central-bank-governor-on-interest-rate-cut-and-risks-ahead.html
Central banks, summary of current interest rates
https://www.global-rates.com/interest-rates/central-banks/central-banks.aspx
Goldman’s Solomon Joins Critics of Europe’s Negative Rate Policy – BNN Bloomberg
Negative interest rates: Bankers at the IMF meeting weigh in – Reuters
Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up – BNN Bloomberg
https://www.bnnbloomberg.ca/risky-mortgage-bonds-are-back-and-delinquencies-are-piling-up-1.1342533
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Robinhood Traders Discovered a Glitch That Gave Them ‘Infinite Leverage’ – BNN Bloomberg