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Financial problems in the Repo-Market. Fed has had to pump billions into the financial system to stabilize it-ie. the credit markets are showing signs of seizing up again.

Fed Funds overnight in the repo market actually went up to 10%. This greatly exceeds the Fed Funds target rate. It also means the yield curve is still inverted-ie. Short term rates are more than long term.

Very similar to the signs in 2007 that led to the 2008 liquidity crisis.

Here's an article which explains with additional detail. Prepare for another meltdown-hope for the best, but prepare for the worst. JMHO

https://www.msn.com/en-us/money/markets/why-the-repo-market-is-such-a-big-deal-—-and-why-its-dollar400-billion-bailout-is-so-unnerving/ar-AAHJdnz?ocid=spartandhp

greeneyes wrote:

“Financial problems in the Repo-Market. ...”

What is the repo market?

Foreclosure companies?