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BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
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[quote:jk 49787505:MV80MTcwODEwXzc1ODExNjU5XzQ0ODk3MjU4] The part of this that is so dominant (yet to me, so purposely hidden from the [i]investing public[/i]; not to mention the [i]general public[/i]) is the nearly unbelievable level of total derivative turnover. It has soared! The latest numbers that I know of, are given from the BIS, reported last month (for June of this year). Assuming my math is correct, it amounts to: $13,667,000,000,000 [b]DAILY[/b]. This is the (AVERAGE DAILY DERIVATIVE TURNOVER). It includes both options and futures' derivatives' contracts. It does not include (what is UNREPORTED: which I would guess is substantially more). Why is that so relevant? Well, for one thing, among the biggest banks that participate in derivative contracts, are American and European banks. Here's the table from BIS' own disclosures: https://www.bis.org/statistics/d1.pdf, so you can see if my math is (in the ballpark). Now, according to Bankrate.com, their article last May, giving the [u]TOTAL ASSETS by the TOP 15 US BANKS[/u] (as they claim to use the data from S&P Global Market Intelligence), is as follows (Here's the link too): https://www.bankrate.com/banking/biggest-banks-in-america/ $13,700,000,000,000! Hello? Did anyone get that? [u]THE TOTAL ASSETS OF THE TOP 15 US BANKS[/u]...IS (ROUGHLY [u]EXACTLY EQUAL TO[/u] - W/IN appr. 1/4 OF 1% EQUAL TO) [u]THE AVERAGE DAILY DERIVATIVE TURNOVER[/u]! And...the relevance of that, to all of this please, one may ask? Very simple: ANY VERY, VERY SMALL (PERCENTAGE MOVE OF THE TOTAL [b]DAILY[/b] DERIVATIVES' CONTRACTS THAT ARE COMING DUE), AND TO THE WRONG SIDE OF THE BANKS' DERIVATIVES HELD...HAS THE POTENTIAL TO BE FINANCIALLY DISASTROUS. [/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.
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link to www.cnbc.com (secure)
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