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China Adds Cash to Banking System, Keeps Interest Rate Unchanged
China’s central bank added to its growing list of measures aimed at countering the economic fallout from the spreading virus, injecting $14.3 billion into the financial system. The People’s Bank of China offered 100 billion yuan via the one-year medium-term lending facility, keeping the rate unchanged at 3.15%. There were no loans coming due Monday. The central bank refrained from injecting liquidity with short-term reverse repurchase agreements for a 20th straight day. The move follows the PBOC’s widely-expected announcement late Friday that it will trim the amount of cash some lenders must hold in reserve. The cut, which is also effective from Monday, will free up about 550 billion yuan of liquidity in the financial system.
China’s 10-year government bond futures erased an earlier gain of as much as 0.32% to trade little changed after the PBOC move. The yield on sovereign notes due in a decade dropped 2 basis points to 2.67%, paring a decline of as much as 4 basis points.
Policymakers around the world are taking steps to shore up confidence in financial markets, which are undergoing a sell-off in many ways unseen seen since the global financial crisis in 2008. In the U.S., the Federal Reserve slashed its main rate to zero on Sunday, matching a record low it was last at in 2015. Central banks in Asia and Europe have also stepped up measures in a bid to keep markets functioning and economies growing.
https://www.bloomberg.com//news/articles/2020-03-16/china-adds-cash-to-banking-system-keeps-interest-rate-unchanged
you'll need some cash for a transitory period. Better to acquire coins and, if possible, pre-1964 or what is commonly know as junk silver for this purpose. Mercury Dimes are a small and very portable.
NINJA95 USMC C-560 over Phillipines NE
This came from Bangkok to DaNang yesterday-Cap#2
your third sentence is the answer. Acquire the asset first. Worry about the unsecured (hint) crap later
Pay off the camper so you always have a place to stay. Losing a business or job (if that were to ever habben) is bad enough…losing a place to live at same time is almost unrecoverable. No matter wut habbens once paid off they can't take it away from you. Doesn't mean they won't try but that is what I would do.
Good luck fren
Plunging stock market futures hit ‘limit down’ — Here’s what that means
-Contracts on the S&P 500 dropped 5%, reaching a “limit down” band made by the CME futures exchange to prevent further losses.
-No prices can trade below 5%, only at higher prices than “limit down.”
-The Dow Jones Industrial Average futures plunged more than 1,000 points, also triggering the limit down level.
Stock futures tanked in overnight trading on Sunday, triggering “limit down” levels to reduce panic in markets. Contracts on the S&P 500 dropped 5%, reaching a “limit down” band made by the CME futures exchange to prevent further losses. No prices can trade below that threshold, only at higher prices than that down 5% limit.
Dow Jones Industrial Average futures plunged more than 1,000 points, also triggering the limit down level. The halt occurs during non-U.S. trading hours — that is before the 9:30 a.m. ET open of regular trading. The brutal sell-off in the futures market came even after the Federal Reserve cut interest rates to near zero in an aggressive bid to save the U.S. economy from the coronavirus fallout.
The limit down rule has been tripped multiple times in the past few weeks as investors exited the market with the coronavirus outbreak disrupting global supply chains and fueling fears of a recession. The stock market has tumbled into a bear market, or down more than 20% from their recent highs.
If the sell-off accelerates on Monday during the regular trading hours, the so-called circuit breakers could kick in once again.
According to the New York Stock Exchange, a market trading halt may occur at “three circuit breaker thresholds” on the S&P 500 due to large declines and volatility. The exchange classifies this at three levels based on the preceding session’s close in the S&P 500.
The rules, which apply to regular trading hours only, are as follows:
-Level 1: If the S&P 500 drops 7%, trading will pause for 15 minutes.
-Level 2: If the S&P 500 declines 13%, trading will again pause for 15 minutes if the drop occurs on or before 3:25 p.m. ET. There will be no halt if the drop happens after that. (This would occur Monday if the S&P falls 386 points).
-Level 3: If the S&P 500 falls 20%, trading would halt for the remainder of the day. (This would occur if the S&P falls 594 points).
The Level 2 and 3 circuit breakers have never been triggered in their current form during regular trading hours. The prior circuit breaker system was revamped after it failed to prevent the May 2010 flash crash. The current set of breakers were put into effect in February 2013.
https://www.cnbc.com/2020/03/15/the-sp-500-futures-hit-limit-down-at-5-percent.html
the Deutsche Bank story is artificial and severely homosexual. Just tsome douchebag looking for hits.
that chart is from friday and that was the reason the FED opened the flood gates. So it was already reported early in our morning. Don't know where the de-registered shit came from. Would have heard about that then.