I call this the “Great Slosh.”
(Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday surged to a new record high for a third consecutive day.
Seventy-three participants took $813.6 billion, which exceeded Tuesday’s all-time high of $791.6 billion
The facility pays an overnight rate of 0.05%, helping to temporarily reduce the quantity of reserve balances in the banking system
Yup, raising the overnight rate to 0.05% didn’t really slow the slosh.
The Great Slosh!
- It’s Impossible to State How Bad Things Actually Are
- It’s Going to Take Some Very Cool Heads to Keep the Blinken Administration from Destroying the World
- Europe Now Talking About Mobile Phone Network Blackouts
- Worse Than Katrina? It Appears That We Just Witnessed The Most Costly Natural Disaster In U.S. History By A Wide Margin
- India Banks SHUTDOWN For 20 Days
- Putin Annexation Speech (Paraphrased) After Winning in Ukraine
- The Fed Tries and Fails to Hide This Brutal Reality
- There are so many market indicators that we are heading towards a major financial crisis
- This is what’s happening in Democrat run cities. (GRAPHIC)
- All signs point to something huge to happen in next days!