Something doesn’t seem right, financial plumbing must be clogged…. Business confidence sinking like a stone

It looks as if the US Money market could no longer function without QE drugs. NY Fed plans to do another $75bn overnight repo op on Fri. It follows liquidity doses of the same size Thur and Wed, and $53.2bn on Tue. (Chart from @Quillintel’s @DiMartinoBooth) pic.twitter.com/K9kUlxKUeF

— Holger Zschaepitz (@Schuldensuehner) September 20, 2019

pic.twitter.com/8Ad9uvA6Nj

— evgeny Ł (@evgenywahl) September 20, 2019

by friday, it's expected that the federal reserve will have injected more than a quarter trillion dollars into the repo market this week in the form of quantitative easing. something doesn't seem right, financial plumbing must be clogged. pic.twitter.com/ZoeIjHXrP9

— Alastair Williamson (@StockBoardAsset) September 19, 2019

pic.twitter.com/suvCfp75SZ

— Alastair Williamson (@StockBoardAsset) September 20, 2019

Look at these two business confidence surveys that cover Trump country. Sinking like a stone and both are at, or below, December 2007 levels, which happened to coincide with the Great Recession – ushering in the Obama presidency less than a year hence (you hear that, Elizabeth?). pic.twitter.com/dxjvJuAqno

— David Rosenberg (@EconguyRosie) September 19, 2019

Fed's Bullard, explaining dissent, says U.S. manufacturing appears "in recession" – Reuters News pic.twitter.com/DucuXrGT0e

— Alastair Williamson (@StockBoardAsset) September 20, 2019

The fed just printed the entire value of all crypto currencies this week (once Friday is complete)

For context this is 39.2% of the entire 2008-2009 bailout (yes, in five days). $275B versus $700B.

— Wall Street Playboys (@WallStPlayboys) September 20, 2019

US-CHINA TRADE WAR WON’T END SOON, WILL BE SIDESHOW TO A TECH WAR, SINGAPORE ECONOMIST PREDICTS – SCMP

— First Squawk (@FirstSquawk) September 20, 2019

WSJ from this day in 2008 when TARP was first proposed. Hank Paulson said “If it doesn’t pass, then heaven help us all.” pic.twitter.com/8qWjxztPuj

— Market Crumbs (@MarketCrumbs) September 19, 2019

A lot of people on here don’t seem to understand what a financial repo market is, or why it’s so important, so here’s an explainer

Danielle Park – What’s the Repo Market Trying to Tell You?

MORE FED PUMPING IN CASH CRUNCH…

Repo Squeeze About to Get Worse…