tyb
It's National Dollar Day.
>>13888888 (pb)
Did the Fed have any secret meetiings?
Only a week to go until 50 years of Beast "money." We gonna make it?
Cash Is Flooding Into Short-Term Markets Like Never Before. Is That a Bad Sign?
Wall Street is watching for signs of broader financial stress as trillions of dollars change hands every night in reverse and repo markets
By Julia-Ambra Verlaine
Updated Aug. 8, 2021 3:58 pm ET
Investors such as money-market funds and banks are parking over $1 trillion in spare cash overnight at the Federal Reserve. That is the most on record since the Fed opened its facility for these reverse repurchase agreements in 2013.
The scale of the moves has some analysts warning that the markets for short-term funding are vulnerable to disruption. The cause for this summer’s rush into the Fed’s reverse repo facility appears to be the central bank’s decision in June to nudge up the amount of interest it pays, from 0% to 0.05%—though usage had already been rising in the spring.
Repurchase agreements, or repos, are the market’s main mechanism for moving cash from those who have it to those who need it. The Fed also uses them to influence short-term interest rates; the flood into reverse repo means banks and investors have extra cash and the Fed is vacuuming it up.
https://www.wsj.com/articles/cash-is-flooding-into-short-term-markets-like-never-before-is-that-a-bad-sign-11628415002
Some of Q's predictors are guaranteed to be fulfilled, given enough time.
She's a shoe-in for a "Down she goes" Qproof in the coming hours-to-centureis. She planning to jump out of any more helicopters?
Everything about Tokyo has been a letdown.