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Thread: repo crisis

  1. #31
    Join Date
    Jan 2011
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    Sweet Tennessee
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    4,149

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    Quote Originally Posted by explo72 View Post
    actually this thread got misunderstood
    it is about the very short term overnight banking system
    here's an update

    https://www.armstrongeconomics.com/m...-for-year-end/
    LOL, you kinda left it up to interpretation. When most hear REPO they immediately think repossession.

    A little clarity from wekupeedia: A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and buys them back shortly afterwards, usually the following day, at a slightly higher price.
    Don't bring skittles to a gun fight.

  2. #32
    Join Date
    Jun 2013
    Location
    AZ
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    Quote Originally Posted by explo72 View Post
    actually this thread got misunderstood
    it is about the very short term overnight banking system
    here's an update

    https://www.armstrongeconomics.com/m...-for-year-end/
    That is what I had assumed. The Fed is still pumping out money in the repo market. It is NOT normal.
    Daily repo amounts here.....
    https://apps.newyorkfed.org/markets/autorates/temp
    Today it was $60 billion.

    Fed asset amount here.......
    https://fred.stlouisfed.org/series/WALCL

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