It this was dot com bubble into the housing crash, the spike would be that high every day and that’s before adjusting for inflation. Around October 2008, the federal reserve switched to outright quantitative easing, which is better viewed here, and the amount dwarves this.
https://fred.stlouisfed.org/series/WALCL
$6.5 trillion and trending down vs about $30 billion spike in repurchase agreements. I don’t think this is significant.
You are correct, this is definitely nothing. Repurchase agreements were consistently way higher in 2019 as QE was winding down. QE is winding down again, so RPs are being used again. Literally nothing to see here
https://fred.stlouisfed.org/graph/fredgraph.png?g=1OqI2&height=490
this could be crypto margin calling tbh on some edges, 20% drop in bitcoin is plausible to fuck some bank
What does this mean, aside from “things look bad?” I’m not a money person
It means the economy is doing fine, don’t believe your lying eyes. Just keep distracting yourself with AI toys because AI is the future and at some point will probably actually create a worthwhile product, which is why the entire economy is currently being built around it. This is good and normal.
Computer show me a dog on a laptop
kick up the 4d3d3d3
aren’t you a dog on a laptop?
Computer, show me nude Taine.
🪞
When people start missing payments on their debt, it’s the banks that don’t get paid. When this happens enough, they don’t have enough liquidity to keep shit running. So they go and trade some non liquid assets to the Fed. Banks are doing this more in the past few months than they historically have prior to some regulatory changes. Like, by a lot.
ohhhh shit!
They gave the money a BBL
Everything is definitely okay
Things have never been okayer than now, it’s the okayest of times
It was the okay-est of times, it was the meh-est of times
