The NY Fed is worried about the rising short term rates
Sean Brodrick joins me today to share a recent news story about the NY Fed stepping into the repo market to control the rising short term rates. We also look at the gold and oil markets as well as the copper market. There are still some diehard copper bulls that will point to what will drive the copper market however it’s all about time frame from smart investors.
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I got this link via a comment on ZH. I think it explains what’s happening, doesn’t sound good…
https://www.alhambrapartners.com/2019/09/17/nasty-number-four-repo-chaos-taf-makes-a-comeback-and-eff-shows-us-how-inept-officials-really-are/
https://monday-morning-macro.com/2019/09/17/far-too-little-far-too-late/
IT DOES NOT LOOK GOOD FOR THE FUTURE.
Interesting……….thanks for the comments……
SEE WHAT TED CRUZ JUST SAID TO THE ENTIRE DEMOCRATS ON BORDER SECURITY
I thought five minutes ago we were told the banking system was robust, NY fed stepping into repo would indicate otherwise