Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree100Likes

LinkBack Thread Tools
Old 10-29-2019, 01:14 PM   #241
Yellow Jacket
rblong2us's Avatar
Join Date: Nov 2011
Location: off world
Posts: 1,995
Liked: 882 times
Originally Posted by rblong2us View Post:
So change the compliance rules or find ways to get the money to go where its needed.

If the problem is a lack of money and the Feds only tool is to print more of the stuff, then this has to be a fixable problem .......

Quote :
As usual passing the buck and putting the blame for JPM stepping away from the repo market - and catalyzing the Sept 16 repo rate explosion - on regulators, Dimon said his firm had the cash and willingness to calm repo markets when they went haywire in September, but regulations held it back.

Meanwhile, as part of stepping away from the repo market, JPMorgan succeeded in forcing the Fed to restart not only repo operations, but also QE. As a result, the Fed began daily liquidity injections, and even as repo rates have since returned to more normal levels, the Fed has also resumed purchases of Treasuries to bolster bank reserves.
from -

Quote :
It's also why Jamie Dimon is hoping to fully deregulate the financial system, so that he has no longer has any constraints on what his balance sheet should look like. And if regulators needs a little more "convincing", JPM is happy to crash the repo market as many times as is necessary.
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old Today, 09:17 AM   #242
Golden Cockroach
PMBug's Avatar
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,081
Liked: 2456 times
Quote :
November 14, 2019

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo) operations for the monthly period from November 15, 2019 through December 12, 2019. In accordance with the most recent FOMC directive, the Desk will continue to offer at least $35 billion in two-week term repo operations twice per week and at least $120 billion in daily overnight repo operations.

The Desk will also offer three additional term repo operations during this calendar period with longer maturities that extend past the end of 2019. These additional operations are intended to help offset the reserve effects of sharp increases in non-reserve liabilities later this year and ensure that the supply of reserves remains ample during the period through year end. They are also intended to mitigate the risk of money market pressures that could adversely affect policy implementation. The Desk will adjust the timing and amounts of repo operations as necessary to maintain an ample supply of reserve balances over time and based on money market conditions, consistent with the directive from the FOMC.

That ain't workin' that's the way you do it
Money for nothin' and your chicks for free
rblong2us likes this.
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tin Foil Hats, Economic Reality and the Total Perspective Vortex PMBug PM Bug 548 Today 09:58 AM
European Reality Check benjamen Fiat Ponzi 235 11-04-2019 09:08 AM
Price Check DSAbug Gold Bug 6 03-31-2012 04:02 AM
cash or check? Shelby-villian PM Bug 14 11-21-2011 11:14 PM
The American Dream (movie) PMBug Fiat Ponzi 2 11-01-2011 06:58 AM

All times are GMT -5. The time now is 02:09 PM.

Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of copyright © 2011 - 2019 Measuring Up. All Rights Reserved.