Users Online Now:
2,379
(
Who's On?
)
Visitors Today:
1,127,618
Pageviews Today:
1,883,221
Threads Today:
777
Posts Today:
13,549
06:21 PM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 72003110:MV80MTcwODEwXzc1ODA2MzU2XzcyNEFCQzJC] [quote:Trained Noticer:MV80MTcwODEwXzc1ODA1NDUyXzYyRERDMTU5] [b]Who the hell is receiving all this money that is created out of thin air???? [/b] :bf12: [/quote] That's not how it works. The money is very real. This is how it works - Banks have to have a certain % of cash to assets at the close of a day's trading. That's the law. If they don't have enough cash they go to The Fed (The Bank of Last Resort because banks won't lend to each other) and they borrow the shortfall in the form of an overnight 0% loan to be paid straight back when the bank opens in the morning. This is mainly happening because interest rates are so low that banks aren't making as much cash as they used to do. [/quote]
Original Message
Why is this not major headlines?
Why is Trump not mentioning?
What really is going on here...
BREAKING
The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets.
Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the central bank continues to calibrate the right amount of funding needed to keep the markets operating properly and to hold the overnight funds rate within its target range.
The announcement came from the New York Fed,
which did not elaborate on the reason for the increase
. However, it comes a day after the Fed injected just shy of $100 billion into the system via an operation where it provides banks with cash in exchange for high-quality assets like government bonds.
...
In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion.
In addition to those two operations, the Fed recently announced a permanent operation that will target $60 billion a month initially in bond purchases that will resemble the three rounds of quantitative easing employed during and after the financial crisis.
[
link to www.cnbc.com (secure)
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>