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clock Created with Sketch. 30/09/19
14:39
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Originally posted by Gazzajohn:
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The mother of all black swans blipped onto our radar screens on 17th of this month in the form of a spike in the overnight repo rate to 10 percent. The Fed took immediate action to bring the rate down by injecting US$60 billion into the overnight market and has been injecting similar amounts every night since. Street talk is that banks are not lending to each other forcing the Fed to step in. There's a line of thought that the Deutche Bank restructure is causing a few ripples in the finance world with talk of insolvency. The Fed is on high alert watching the overnight rates tonight. Its ready to inject further liquidity if needed. Looks like the start of another round of QE. Want a reason for the gold bulls to stampede? Hmmmm, keep an eye on this one.
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first time these actions have been put in place by the Fed since 2007? ... something must be broken in the banking system again??
(20min delay)