Posted on 01/03/2023 7:36:46 AM PST by Kaiser8408a
There is something happening in markets this morning.
First, banks are stashing cash with the New York Fed on an “overnight basis” although it is looking pretty permanent to me. Repos (or repuchase agreements) soared to $2.55 TRILLION as of 12/30/22.
But this morning we see the US Treasury 10-year plummeting -15 basis points. As I used to tell my University of Chicago, Ohio State and George Mason finance students, any 10 basis point shift (plus or minus) is a big deal. Something is happening.
The 10-year Treasury yield plunging -15 bps is a “good thing” for the mortgage market in that US mortgage rates will likely follow suit and fall.
(Excerpt) Read more at confoundedinterest.net ...
US Treasury and ESG , LOL
We have been expecting a horrible downturn, but could you explain what is happening? I understand markets to a degree, but I’m horrible at projections. Thanks in advance...
Looking at cd rates, the high rate currently is about 4% for 12-18 months and then drop.
Just an observation.
DOW JONES 30 INDUSTRIALIndex , DJIA
33,115.97 -31.28
But something is happening and you don’t know what it is
Do you, Mr. Jones?
— Dylan
“Buckle your seatbelt Dorothy, ‘cause Kansas is going bye bye...”
“..Something is happening and its BAD. ..”
IF it’s coming out of the current woke regime, you can take ^THAT^ to the bank (no pun intended).
Trying to prop up the housing market
Holding cash is a sign of uncertainty, which indicates that even sophisticated financial players like banks are unable to forecast the direction of the economy and financial markets.
Probably concern over the organization of Congress, whether the debt ceiling will be raised, or whether the US will default on Treasuries.
“But something is happening and you don’t know what it is
Do you, Mr. Jones? — Dylan”
I’m like Mr. Jones. A repurchase agreement is where a loan is made and usually returned the next day. What does this accomplish?
ESG is largely hidden from the public. Most would not understand the connection of that to the ChiCom’s Social Credit Scoring System and the 24/7 monitoring and the enslavement of the world that is their goal.
This has been coming for quite a while. Clues can be found from these 2 video’s (supported by many other observers.)
Catherine Austin Fitts | Full Interview | Planet Lockdown (2 years ago)
Dailymotion
https://www.dailymotion.com/video/x7zt7e8
IF Special: Catherine Austin Fitts on “Dollar System & the coming changes in Global Currency Regime” (Sep 2022)
https://www.youtube.com/watch?v=wYaH63evjMg
Not in the first video, her mention of slavery? At the time I first saw it, it was unclear exactly why she mentioned that. Now, if you look at the 2nd video from a few months ago, I is clear why she did.
“What does this accomplish?”
It makes sure that some portion of the bank’s funds are not tied up more than 24 hours. Perhaps they think they will need liquidity.
The bad thing that's happening is that moves like this artificially prop up out-of-control, artificially inflated home prices.
For those looking for affordable home prices, look again: not happening.
Yes, debt is not money. Never has been, never will be.
Right now public and private debt is in the $60-$70 trillion range. It will never be repaid, therefore, it will be liquidated in the biggest Jubilee the world has ever seen.
It's musical chairs, with a lot more bankers than chairs, and the music is about to stop.
Yup
Thank you-—Could be bad by the end of the 3rd quarter? Sadly, the only possible way to save this country is have it crash and burn.
They think it’s going to go bad all over and liquidity is everything
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