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Old 09-20-2019, 07:35 AM
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Default Repo $$$ Madness



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https://www.breitbart.com/economy/20...coming-friday/
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Old 09-20-2019, 02:26 PM
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"NY Fed to pump $75 bn into money markets daily through Oct 10"

https://news.yahoo.com/ny-fed-pump-7...154943871.html
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Old 09-20-2019, 02:35 PM
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How bout this? We all go to NY with our truck beds full and pump 75 billion pieces of precious metals into the fed and then let the banks sink or swim based on how they have been managed.

Pipe dream I know, but I'm still not happy about that "too big to fail" bull****. If you're that big and you fail you're going to have lots of smaller people take over the business you lost, and it's going to be good for the economy in the long run.

**** propping up banks.
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Old 09-20-2019, 02:35 PM
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You folks know what's coming, right?

I'm no expert but I'm out of the market and my paper money is in metals. You do some thinking and see if you're willing to gamble your wealth away.
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Old 09-20-2019, 03:46 PM
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You folks know what's coming, right?

I'm no expert but I'm out of the market and my paper money is in metals. You do some thinking and see if you're willing to gamble your wealth away.
This looks to me like the fed doing what they are supposed to do... I donít see the concern.
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Old 09-20-2019, 04:16 PM
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This looks to me like the fed doing what they are supposed to do... I donít see the concern.

They do this stuff all the time but not to this level, no where near this, unless they have a serious liquidity problem which means the banks have run out of money. The longer it goes on like this the more they have to pump and on and on until explosion time. Same thing that happened before the last crash.
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Old 09-21-2019, 04:26 AM
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They do this stuff all the time but not to this level, no where near this, unless they have a serious liquidity problem which means the banks have run out of money. The longer it goes on like this the more they have to pump and on and on until explosion time. Same thing that happened before the last crash.
These are all secured loans- they exist because the bank has assets but needs dollars. Iím not sure what happed for people to withdraw their cash.
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Old 09-21-2019, 01:04 PM
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These are bailouts.
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Old 09-21-2019, 04:06 PM
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Great article explaining what “repos” are:

https://wolfstreet.com/2019/09/20/fe...n-a-till-2008/
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Old 09-22-2019, 05:40 PM
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Great article explaining what ďreposĒ are:

https://wolfstreet.com/2019/09/20/fe...n-a-till-2008/
Interesting link, in the comments section I learned something about how the Fed operates:

"Even though the interest is tiny (in the grand scheme of things), what does the Fed do to sterilize it, so as not to be deflationary? Apply it to the national debt?"

"Yes, sort of. The Fed remits its profits to the US Treasury. This is a number I report on once a year in January. Most of this income comes from the interest paid by the securities the Fed holds, such as Treasuries and MBS, and now interest income from those repos."
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Old 09-23-2019, 12:37 PM
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"Why the Repo Market Is Such a Big Deal—and Why Its $400 Billion Bailout Is So Unnerving"

https://fortune.com/2019/09/23/repo-...out-unnerving/
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Old 09-23-2019, 02:36 PM
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The Fed buys up bonds to pump cash into the economy. But something like 75% of Treasuries are held by foreigners. How does that help the USA?
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Old 09-23-2019, 05:22 PM
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Old 09-23-2019, 06:26 PM
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Our number one enemy the chinese are printing like crazy so its print or die, no rocket science here.
It'll suck for the winners but it's gonna suck more for the losers so yeah, print.

It's all about being the last turd to keep floating.
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Old 09-23-2019, 10:33 PM
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The Fed buys up bonds to pump cash into the economy. But something like 75% of Treasuries are held by foreigners. How does that help the USA?
Totally different issue- this is the fed loaning money against treasuries held by US banks. In theory the central bank of Macedonia could do the same thing ( with Macedonian or US securities)
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Old 09-23-2019, 11:13 PM
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The Fed buys up bonds to pump cash into the economy. But something like 75% of Treasuries are held by foreigners. How does that help the USA?
Top holder, social security.

More like 29% of treasuries held by foreigners.
Top 10 Foreign Holders of U.S. Debt
1. China - $1,113 billion
2. Japan - $1, 064 billion
3. Brazil - $306.7 billion
4. United Kingdom - $300.8 billion
5. Ireland - $269.7 billion
6. Switzerland - $226.9 billion
7. Luxembourg - $223.7 billion
8. Cayman Islands - $217.2 billion
9. Hong Kong - $205.9 billion
10. Belgium - $179.8 billion
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Old 09-25-2019, 02:37 PM
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Quote:
Originally Posted by puttster View Post
The Fed buys up bonds to pump cash into the economy. But something like 75% of Treasuries are held by foreigners. How does that help the USA?
Top holder, social security.

More like 29% of treasuries held by foreigners.
Top 10 Foreign Holders of U.S. Debt
1. China - $1,113 billion
2. Japan - $1, 064 billion
3. Brazil - $306.7 billion
4. United
Don't see how buying Social Security's bonds puts cash into the economy, either. Maybe I'm asking in the wrong forum.
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Old 09-25-2019, 03:09 PM
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2020 will face the next depression
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Old 09-30-2019, 12:11 PM
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Don't see how buying Social Security's bonds puts cash into the economy, either. Maybe I'm asking in the wrong forum.
They arenít but SSís bonds, but instead bonds held by banks who are unable to get overnight loans against them. So the fed holds bonds instead of cash.

They are not doing this to inject cash is the national economy, but to address a market problem
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Old 09-30-2019, 12:21 PM
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So many are still believing that the economy is going strong
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