Panic with the Rots. Comments to the 'teef fawing owt' twwheet
17+++
ty Boss.
Often read comments in tweets. Started doing that during the shutdown dark period.
Seeing a shift - this one is hopeful, there's a 50/50 and it will prove to be a good measure as historians deconstruct the details.
NOTABLE
Ties the injection together, with the float for end of year.
RESTRUCTURING (coming).
>>>/qresearch/7490592 (Bread #9581)
>To Avoid Repo Crisis Fed Will Flood Market With A Gargantuan $365 Billion In Year-End Liquidity
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>In previewing today's Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 (double the current term ops) and a $50 billion (at least) term operation for Monday, December 30. This prediction was in response to Zoltan Pozsar's warning that reserve levels are too low and the result would be a market crash that could spark QE4.
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>Well, moments ago the NY Fed did publish it latest weekly "Statement Regarding Repurchase Operations" as expected laying out the Fed's expected repo operations for the period December 13 - January 14… and it blew Skyrm's expectations out of the water
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>According to the statement, the NY Fed will continue to offer two-week term repo operations twice per week, four of which span year end. In addition, the Desk will also offer another longer-maturity term repo operation that spans year end. The amount offered in this operation will be at least $50 billion, just as Skyrm expected.
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>But there was more. Much more.
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>In addition, to avoid a year-end liquidity squeeze, Fed overnight repo operations will continue to be held each day, and just to be safe, the Fed will go to town: On December 31, 2019 and January 2, 2020, the overnight repo offering will increase to at least $150 billion to cover the "turn" in a flood of overnight liquidity. In addition, on December 30, 2019, the Desk will offer a $75 billion repo that settles on December 31, 2019 and matures on January 2, 2020.
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>And just in case that's not enough, the NY Fed's markets desk also added that it "intends to adjust the timing and amounts of repo operations as needed to mitigate the risk of money market pressures that could adversely affect policy implementation, consistent with the directive from the FOMC."
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>So to summarize: in addition to expanding the sizes of its "turn" overnight repos to $150 billion, the Fed will conduct a total of nine term repos from Dec 16 to Jan 14, 8 of which will amount to $35BN and the first will be $50BN, for a total injection of a whopping $365 billion in the coming month.
>
>https://www.zerohedge.com/markets/avoid-repo-crisis-fed-will-flood-market-gargantuan-365-billion-year-end-liquidity
Post 18811 is a full house, digits confirm theory is solid.
notable theory needs more sauce but need to wait for future perhaps for that
Brilliant!
This is a seriously solid theory!
House of Saud was first. 2 years ago (thank you…)
Following you 100% anon. Very notable thinking!!!