A lengthy transition onto a "secured lending" standard has gifted the Fed more power than ever before, and as of recent events, there's no turning back
Rather too optimistic. The real issue remains: letting banks create and lend money against assets they don’t have. See @This time is different” or “The grip of death”. Or our free book at http://osf.io/pnxcs/.
This is very well done, but feels like part one only.
what happens when there are no banks lending and the daisy chains are just one degree of separation from the FED?
another interesting take. Is there any real value for all these repo backandforth? Does anything get done beyond paying commissions to bankers and bureaucrats?
Just subscribed. I love your unique perspective from an investor who has been getting his butt kicked lately because I no longer understand the market.
"The U.S. central bank’s control over global finance is set to snowball out of control." So, the desire for more control ultimately results in less control? So yet again, desirous of power, but well intentioned, agents of Control ultimately lead to the triumph of Kaos. Will mice and men in this cold corner of Space ever get smart? IDK, but, if the process does actually produce a snowball I hope the FED sends it to Lake Powell before all our boat ramps are high and dry. In any event, it'll be interesting to watch, and probably not hard to predict, how the old-kleptocratic Communists, agents of T.H.R.U.S.H., and miscellaneous other atavistic Authoritarians take to the bit and reins. Incidentally, Agent 99 (a.k.a, Susan Hilton) recommends turning off the TV's sound and listening to "99 Luftballons" while watching the Revolution.
As I said, exchanging thoughts on this platform is a right pain. If you wish to chat DM me. There is not much GoF research. Present thought is that SARS-CoV-2 came from the market, though obvs the local existence of a research lab raises the priors in a Bayesian sense. Over and out on this platform.
Rather too optimistic. The real issue remains: letting banks create and lend money against assets they don’t have. See @This time is different” or “The grip of death”. Or our free book at http://osf.io/pnxcs/.
Thanks for your report. I'm glad somebody's keeping an eye on things.
This is very well done, but feels like part one only.
what happens when there are no banks lending and the daisy chains are just one degree of separation from the FED?
another interesting take. Is there any real value for all these repo backandforth? Does anything get done beyond paying commissions to bankers and bureaucrats?
Just subscribed. I love your unique perspective from an investor who has been getting his butt kicked lately because I no longer understand the market.
How are hedge founds creating leverage 50:1, by doing $1 treasury to $1 in repo?
And more general, why do 1:1 repo, if one can just sell the treasury to get the money?
Thanks!
May stay unheard. 1.5h podcasts on political divides (artificially created) not my thing…
Easier to chat via Twitter DM @dbkell if you wish
"The U.S. central bank’s control over global finance is set to snowball out of control." So, the desire for more control ultimately results in less control? So yet again, desirous of power, but well intentioned, agents of Control ultimately lead to the triumph of Kaos. Will mice and men in this cold corner of Space ever get smart? IDK, but, if the process does actually produce a snowball I hope the FED sends it to Lake Powell before all our boat ramps are high and dry. In any event, it'll be interesting to watch, and probably not hard to predict, how the old-kleptocratic Communists, agents of T.H.R.U.S.H., and miscellaneous other atavistic Authoritarians take to the bit and reins. Incidentally, Agent 99 (a.k.a, Susan Hilton) recommends turning off the TV's sound and listening to "99 Luftballons" while watching the Revolution.
Thanks for the awesome post. Do you know where I can find a graph of the tri repo general collateral rate?
wow ! Great read thank you. All we need now is a true global currency.
As I said, exchanging thoughts on this platform is a right pain. If you wish to chat DM me. There is not much GoF research. Present thought is that SARS-CoV-2 came from the market, though obvs the local existence of a research lab raises the priors in a Bayesian sense. Over and out on this platform.