Having warned in the past that central banks’ ability to reverse an economic downturn is coming to an end (just as the global economy enters what he says are the late stages of the long-term debt cycle), Billionaire hedge-fund founder Ray Dalio warned today that the global economy is under threat from an explosive mix of…
With the Federal Reserve rate cut already priced in for next week, what will actually happen to the gold price once the central bank cuts for the third time this year? Analysts sounded positive as gold’s new technical momentum took prices temporarily to $1,520 an ounce, hitting a two-week high. Since then, prices retreated, but…
Courtesy of ZeroHedge by Tyler Durden First it was supposed to be just a mid-month tax payment issue coupled with an accelerated cash rebuild by the US Treasury. Then, it was supposed to be just quarter-end pressure. Then, once the Fed rolled out QE4 while keeping both its overnight and term repo operations, the mid-September repo rate fireworks which…
Authored by Curvature Securities‘ Scott E.D. Skyrm, one of the world’s most-respected repo market participants and experts. 10/08/2019 – 15:28 Panic At The Repo As a professional trader, I keep an eye out for the next panic or market crisis. Since the beginning of my career, there was a crash or panic every few years in…
Courtesy of ZeroHedge by Tyler Durden Tue, 10/08/2019 – 14:25 Update: Fed Chair Powell appears to have announced QE4 (but do not call it QE4!): Discussing the liquidity shortage and repo-calypse, Powell said: … While a range of factors may have contributed to these developments, it is clear that without a sufficient quantity of reserves in…
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