Anonymous ID: 7777d2 Nov. 7, 2022, 3:22 p.m. No.17728849   🗄️.is đź”—kun   >>8877 >>9081 >>9170

Chinese President Xi To Visit Saudi Arabia By Year-End

 

Chinese President Xi Jinping is expected to visit Saudi Arabia by the end of this year as the world’s top oil importer and the top oil exporter strengthen energy and strategic ties while U.S.-Saudi relations are at a historically low level.

 

China’s Xi is set to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman during a visit to the Kingdom expected to take place this month or next, sources with knowledge of the preparations for the official visit told The Wall Street Journal on Monday. China – the world’s largest importer of oil and a major customer of Saudi Arabian crude – and the Kingdom have deepened ties in recent years, including in the energy sector. Last month, Saudi Arabia and China jointly stressed the importance of stable long-term crude supply to the market. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and Zhang Jianhua, the director of China’s National Energy Administration (NEA), have also agreed to continue cooperation in their efforts to keep the global crude oil market stable, according to the Saudi Press Agency.

 

Xi’s visit to Saudi Arabia at a time of major turmoil in the oil market and geopolitics with the Russian invasion of Ukraine signals China’s intention to increase its influence in the Middle East, where the U.S. was, until recently, the world superpower with the biggest influence. The Chinese president’s visit also suggests that Saudi Arabia considers its relationship with China one of strategic importance. While the Chinese and the Saudis are strengthening their relations, U.S.-Saudi relations are at a low point, especially after the U.S. Administration slammed Saudi Arabia and the OPEC+ group for what it described as a “short-sighted” and “misguided” decision to reduce their target oil production by 2 million barrels per day (bpd) as of this month. Since the U.S. started criticizing the OPEC+ move, multiple OPEC+ producers, including Saudi Arabia, have defended the group’s decision to reduce production, saying it was dictated by technical analysis and had no political intentions whatsoever.

https://oilprice.com/Latest-Energy-News/World-News/Chinese-President-Xi-To-Visit-Saudi-Arabia-By-Year-End.html

Anonymous ID: 7777d2 Nov. 7, 2022, 4 p.m. No.17728889   🗄️.is đź”—kun   >>9081 >>9170

>>17728740 lb Federal Board of Governors November 2022 Financial Stability Report

 

Fed Survey: Banks reported Tighter Standards, Weaker Demand for Most Loan Types; Stronger Demand for HELOC*s

 

The October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2022.

 

Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the third quarter. Meanwhile, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories.

 

For loans to households, lending standards tightened or remained basically unchanged across all categories of residential real estate (RRE) loans and demand weakened for all such loans. In addition, banks reported tighter standards and stronger demand for home equity lines of credit (HELOCs). Standards tightened for credit card loans and other consumer loans while standards for auto loans remained unchanged. Meanwhile, demand strengthened for credit card loans, was unchanged for other consumer loans, and weakened for auto loans.Cap #2 is Residential Real Estate demand is from the Senior Loan Officer Survey Charts. This shows that demand has declined sharply. The left graph is 1990 to 2014. The right graph is 2015 to Q3 2022.

https://www.calculatedriskblog.com/2022/11/fed-survey-banks-reported-tighter.html

https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed

 

*Home Equity Line of Credit (HELOC)-and those will be the first thing shut off when the SHTF-so if you habs one I'd suggest using it before they shut those down-like very soon casue as in the past IndyMac when Schumer intentionally caused a bank run on it those HELOCs were shut off a few months before the action got going on it

 

The NYFRB are getting ready to increase the amount of FOREX swaps they do and Reverse Repos (RR) but not until the next meeting habbens with muh RR and they cut the rate raises to 50bp-that will then cause Reverse Repo's to increase but this latest announcement has to do with Domestic Treasury purchases and Liquidity Swaps that involve Primary Dealers and Reverse Repo Counterparties-and it's a looooong list that second one you can find all those here: https://www.newyorkfed.org/markets/rrp_counterparties

 

from Nov 3rd

Statement Regarding Reverse Repurchase Agreement Small Value Exercise

 

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York undertakes small value open market transactions for the purpose of testing operational readiness to implement existing and potential policy directives from the Federal Open Market Committee (FOMC). The FOMC authorizes the Desk to conduct these exercises in the Authorization for Domestic Open Market Operations and Authorization for Foreign Currency Operations.

 

In connection with these authorizations, the Desk intends to conduct a small value overnight reverse repo operation with Primary Dealers and Reverse Repo Counterparties to test its contingency operation infrastructure. The bid submission process will be conducted from 10:00 AM ET to 10:30 AM ET on Thursday, November 17, 2022. Operation results will be posted on the New York Fed’s website following the completion of bid evaluation. All counterparties will be limited to one $1 million proposition during the operation. The operation details are as follows: Can see those deets in cap #4 and I member when 'Small Value Exercises' were $1m not $175m

https://www.newyorkfed.org/markets/opolicy/operating_policy_221103