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via Mike Shedlock Under EPA rules, EVs will need to be 30-40% of the market by 2030, down from the proposed 60%. And it now costs more per mile to fuel an electric F-150 than a gasoline powered truck. More Time to Hit Nonsensical Targets The Biden administration had no …
800 migrant families being booted from Denver shelters as city nears breaking point With overcrowded shelters and overrun hospitals, Denver state officials have begun enforcing a limit on the amount of time that migrants can stay in state-provided rooms to accommodate the daily influx of individuals, according to a report …
Vegan NYC Mayor Under Fire After He Advocates Ditching Diabetes Medication. New York City mayor Eric Adams (D.) is facing criticism after he claimed in a Netflix documentary that he reversed his type 2 diabetes purely by going vegan and not using his insulin. “When she saw my number reverse …
The U.S. Supreme Court is likely to strike down a Colorado court ruling that removed former President Donald Trump from the state’s ballot. However, the conservative majority on the highest court is likely to do so in a narrow way that doesn’t get into the weeds of whether President Trump’s …
via Mike Shedlock: The EU has always been dysfunctional. But integration and cooperation are now going backward. Hoping to stop the threat, Marine le Pen faces charges dating back to 2015. The EU’s New Green Deal is headed in reverse along with integration and finance. Eurointelligence calls it The Wilders effect …
by pctracer Date Amount ($B) Parties Average ($B) 23-11-29 ⭐ 914.187 ▲ 91 10.046 ▲ 23-11-28 ☆ 873.344 ▲ 91 ▽ 9.597 ▲ 23-11-27 ☆ 867.220 ▲ 92 ▽ 9.426 ▲ 23-11-24 ☆ 865.907 ▽ 💥 94 ▽ 9.212 ▽ 💥 23-11-22 ☆ 931.604 ▲ 97 ▲ 9.604 ▽ 🧊 …
The alarming contraction in bank credit, an event occurring only once in the past 50 years, adds a foreboding dimension to the rapid depletion of the 2 trillion-dollar Reverse Repo pot. As Wall Street grapples with financing challenges for Washington’s deficits, the ominous trajectory raises concerns about the stability of …
TIMECODES 0:00 Video Overview 0:39 What Happened Before the Financial Crisis 10:19 Purpose the Reverse Repo Serves Now 16:06 What Happens When it Hits Zero
JP Morgan: $1.3T rundown in Reverse Repo has been a massive non-QE liquidity boost The only thing that saved markets pic.twitter.com/br1umuNwAX — Roberto Rios (@peruvian_bull) November 17, 2023 It’s wild to me how much people can ignore Bank failures dwarfing 08/09 Swiss Gov sealing records of Credit Suisse failure for …
Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness Already, 16,654 reverse mortgage holders have gone into foreclosure in the five years that ended December 2017, the most by far in the U.S. and nearly double the second-most — in California. Those figures are based on an …
View post on imgur.com San Francisco’s mayor has ordered city departments including police and public health to propose budget cuts of $206 million by next week in a desperate attempt to reverse the stricken city’s ‘doom loop’ spiral into economic collapse. Law enforcement budgets in the city, which is …
Fun fact: bank credit is now contracting! Since dollar standard (‘71), that’s only happened once before: 2008. Losses in T bonds will far worse than mortgage losses. Stocks are on the verge of a massive collapse. Fractional banking does’t work in reverse. Few. pic.twitter.com/0fzX16lYGn — Porter Stansberry (@porterstansb) October 15, …
from Joseph Brown: The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months What happens when it runs out? Its important to remember what this account is for, and where this money came from in the first place 🧵👇🏼 When all the money printing …
Fed Target is 5.25%-5.5% overnight rate is 5.3%. A) Banks tell Fed how much extra money is there by putting it in overnight deposits for given target rate. B) Banks are forced to charge more then the target rate to loan the money out otherwise they would loan it to …
The FED made a new arrangement for banks called BTFP (Bank Term Funding Program) that banks can use to replace their dependence on RRP. So the money that had banks had been getting from the Overnight reverse repo is now balanced with the money they can get with BTFP . Kind of …
The embattled company, renowned for its co-working spaces, has outlined its intention to execute a 1-for-40 reverse stock split of its existing shares, signifying that every 40 shares of WeWork stock will be consolidated into one single share. This reverse stock split has been initiated as an attempt to revive …
by Dismal-Jellyfish Source: https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals
by pctracer Date Amount ($B) Parties Average ($B) 23-07-14 ⭐ 1740.777 ▽ 98 17.763 ▽ 23-07-13 ☆ 1767.432 ▽ 98 ▽ 18.035 ▲ 23-07-12 ☆ 1820.146 ▲ 102 ▲ 17.845 ▲ 23-07-11 ☆ 1775.796 ▽ 101 ▽ 17.582 ▽ 23-07-10 ☆ 1811.981 ▽ 102 ▲ 17.765 ▽ 23-07-07 ☆ 1822.303 …
by Chris Black The European Union’s manufacturing base is now on track to become a declining and weak basket-case, just as Washington has always wanted. "The argument in favour of sanctions was to make ordinary Russians worse off, so that Putin would lose domestic support. This has not happened."Wolfgang Munchau …
by Dismal-Jellyfish More money printing for old friends in new clothes. Reverse Repo Update! Reverse Repo counterparties list updated: Goldman Sachs Investor Money Market Fund, JNL Government Money Market Fund and JNL/WMC Government Money Market Fund have been added to the list of reverse repo counterparties, effective June 2, 2023. …