possible financial market alert: New York Fed spends $53 billion to rescue the overnight lending market

Fed put in $75 Billion this morning

[link to www.godlike.com (secure)]

Glad to be debt free. Learned a lesson in 2008, and said "never again". Sadly, consumer debt recently has been surging -- guess others did not learn. Le sigh ..... buying opportunities forthcoming for those of us who did learn, I suppose.

The crack just widened.
Big news that the average joe is ignorant about.

Glad to be debt free. Learned a lesson in 2008, and said "never again". Sadly, consumer debt recently has been surging -- guess others did not learn. Le sigh ..... buying opportunities forthcoming for those of us who did learn, I suppose.

My fkn house is PAID IN THE FULL n soz my car

I refuse to be at the mercy of those i wouldn't let pick my nose

"The catalyst for the stress, according to Cabana, was the fact that US companies withdrew vast sums of money from banks to make quarterly tax payments to the US Treasury Department. That forced banks to draw down their reserves at the Fed."

I'm gonna call BS on this excuse.
How about people are behind on payments or pulling money out to live causing reserves to go low. Its the economy stupid... not corporate tax payments. Jeeeeeeeeze!

If Corporations filed an extension, that was due this week I believe?

If that were the case, unless tax laws changed drastically, we would see this as a pattern this time of year?

Exactly.

I went into this yesterday on my thread (link below)- as THIS'D HAPPENED ON TUESDAY'S MARKETS - and I believe is something to watch.

Heree's my post yesterday (Tuesday), after markets closed...


"For anyone taking note of what's going on (inside the heart of the "world's premier" system of banking and finance: aka: NY FINANCE AND INTERNATIONAL FINANCE: the Money Center of the World)...you may want to keep an eye on this:

Stories all over the (financial press), of a growing LIQUIDITY PROBLEM...namely the KEY 24 "PRIMARY DEALER" banks to the FED, are becoming more, lets be gentle here: "concerned"...as they are forced to (short-term: overnight) pledge their qualified collateral to the Fed, causing overnight collateral rates to spike: hitting over 8%!

Why? Because there's some reason(s) that these GIANT BANKING PLAYERS, are in a growing need for CASH! We don't know the reasons: they don't tell us why!

So what just happened? The FED, for the first time in approximately a decade - since 2008, according to the stories today - held an overnight REPO agreement with its Primary Dealers.

This is where the FED is (like in some ways similar to QE) meeting these banks' need for cash, by accepting their collateral (their UST's, MBS, or Agency paper), with an overnight "deal" with the FED. The following day, the FED sells the paper back to them.

The cash shortfall of these 24 key PD's: $53 plus, Billion!

This is only a short-term fix: it may be that the FED will be forced to go to QE again, as the REPO route is too ineffective to meet (a growing need for cash).

This, in my view, is not insignificant, even as the sky-high stock market prices persist.

So as we approach the Congressional issue of avoiding the shutdown in about two weeks - ROSH HASHANAH: this liquidity problem may become the (star) of the show.

All the best GLP,
jk"

Thread: BIGGEST DOW CRASH IN HISTORY (AT THE TIME)! ON ROSH HASHANAH/MON. SEPT 29, 2008 -777.7 ELEVEN YRS LATER: RH/MON. SEPT. 30, 2019

Lot of people are led around by the urge to buy and spend, buy and spend. Acquiring stuff and ordering for services makes various people happy and fulfilled.

That's okay when it's counterbalanced by people putting something into the system. By the spenders also making useful stuff or providing useful services. But when too many of them are instead more leech-like than productive, that's when the fun and games begin.

.

Enjoy your QE4, quislings.

Cue(Q) the Repo Man soundtrack.

:)


[link to www.youtube.com (secure)]

Are they going to crash the markets before the war?

Are they going to crash the markets before the war?

Yes corporate deadline for 2018 tax return was Monday the 16th but that was also the day to pay in the 3rd quarterly estimated tax payment toward 2019. Still not sure this would cause a 53 billion dollar shortage of money. And to to the guy who said "let them fail" keep in mind if the bank that has your money fails, then you won't have access to it.

If there's a problem it will be reflected in the Sp500 and DJIA. So far nothing. People lie. Prices don't.

That. If you owe them anything, those assholes own you.

What makes you guys think corporations are failing? They have been booming! They also got a substantial tax cut under Trump. I think the withdrawal of reserves is for possible purchases or expansions before end of the tax year for them. It usually happens this time of year for those corporations whose new tax year starts in October.

In other words, they are looking for tax deductions!