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Earlier today, when discussing the launch of the "Lehman crisis playbook" in response to the Global Covid Crisis, we listed the alphabet soup of measures the Fed may launch which are a replica of the measures adopted in the aftermath of the Lehman co
Earlier this morning, when discussing the latest Fed repo injections, which at $189BN between overnight and term repos, seemed insufficient to ease the stress in the repo market where GC repo jumped by 40bps to 60bps this morning...
In light of the frozen funding markets, which are now demanding the Commercial Paper bailout facility we discussed on Sunday, which the Fed failed to deliver and which CNBC's Steve Liesman said may be coming any moment ...
- Here's The Bad News
Here Is What The Fed Must Do Right Now To Avoid Global Devastation
The stock market is rallying, VIX is falling, and bond yields are rising modestly following The Fed's decision to reinstate its Commercial Paper bailout facility (CPFF).
Says Negative Rates "Not Off The Table"
Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don't make any sense at all.
What the Federal Reserve is up to, and how we got here.
Entered By: Ernest Hancock
The Fed unleashed a massive QE5/rate-cut/swap-line splooge overnight...And here's what The Fed hoped it would achieve...
With the Fed telegraphing an all out capital markets panic as the Fed could not wait a mere three days until the scheduled FOMC meeting to rush out the biggest monetary bazooka in history which proved to not be enough, the rest of the developed world
The Fed may have a very big problem on its hands.
With the Fed's cutting rates three days ahead of the regular Wednesday FOMC announcement by 100bps to 0%-25bps, while also announcing a fresh $700BN QE as well as enhanced FX swaps,
With Wall Street desperate for the Fed to announce emergency measures on Sunday (after disappointing last week), and ideally before the futures open, Jerome Powell did not disappoint and moments ago the Fed announced a barrage of emergency measures
The Fed may have a very big problem on its hands.
The rate cut of 100 basis points (1%) follows a cut two weeks ago by 50 basis points (0.5%). The rate will now be within a target range of 0% to 0.25%.
Powell better explain why the market's reaction is wrong or else...
The FOMC rate cut decision was scheduled Wednesday March 18...Instead, the Fed made this emergency Monetary Policy Statement today.
Now that the Fed has fired what appears to be its final bazooka - at least until it cuts rates to negative and/or buys stocks/oil outright should we end up with a full blown financial panic/crisis - the market's attention will be on whether the Fed h
Goldman said that it expects US economic activity "to contract sharply in the remainder of March and throughout April as virus fears lead consumers and businesses to continue to cut back on spending such as travel, entertainment, and restaurant meals
With Americans having far bigger concerns on their minds, we doubt many will have time for prayer today, although there is one person who could do with some divine assistance: Fed chair Jerome Powell.
despite the unprecedented large Fed UST purchases the Fed isn't done, because as Cabana points out, not all highly leveraged UST trades have been unwound which is reflected by the fact that:
Could You Bake Your Own Breads Or Feed Yourself Without A Grocery Store?
In this video Luke and Tim go over all the latest news regarding the on going health situation that we cannot name here.
, but the Real Cause is Decades of Money Creation by the Fed
Federal Reserve INSANITY!!! What IS the Fed Doing? Luke & Tim Picciott discuss the massive financial consequences of the fed's recent announcement that they're lending $1.5 trillion in loans to banks.
-amid coronavirus meltdown
Fed Pump...
Update: shortly after the Fed injected $95BN in liquidity via two term reports (a 2-week and the first 1-month op), it also announced $103.1BN injected via the overnight operation, which means that the Fed has injected a combined $198BN in liquidity
The surging demand for repo liquidity - and massively expanded bailout facility size by the New York Fed - suggests there is a major global scramble for USD funding, and today's price action in the archaic money markets exposes it has now reached ext
