Beck is misrepresenting the Fed's REPO operations in his profound ignorance of it.
>don't have access to it. what drivel is he spouting?
He concludes that gigantic overnight REPO action = gigantic bank losses and therefore now is many multiples worse than 2008.
I argue that the FED is preemptively liquifying the system and further that banks will take all the free money they can get their hands on, flu or no.
Beck has been right and wrong. I'm not arguing that – only that he's falsely reading the incentives (good, bad or indifferent) that are at work.
How is it a member of the EU?
That's a good question. Allegedly it hasn't been under British rule since 1867. Claims to be a sovereign nation.
Maybe I misunderstand but…(pic related)…
>bonds-yields-tumble
that means interest rates are lower.
there is no reason for the most credit-worthy borrower at the table to pay a risk premium (eg higher interest) on money when the rest of the world is at or near zero or below.