Did The Banks Just Tell Us A Massive Crash is Coming? w/Richard Wolff

• Thom Hartmann Program
  The Fed just dumped $75 Billion into the economy…. and possibly to avert a massive financial crash Monday morning, large short term loans became unavailable and rates for these gigantic loans shot up High interest rates caused financial crashes in the past The Fed panicked and flooded the market with lots of money! The question is why were short term loans unavailable, where did that money go and what shot up the interest rates? Richard Wolff
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• NY Fed Announces Third Consecutive Repo Operation On Thursday At 8:15am
  by Tyler Durden, https://www.zerohedge.com/
  The Fed may or may not launch QE4 at some point in the near future, even though Powell said that growing the balance sheet is “certainly possible”, but for now the Fed is stuck with the only liquidity-injecting operation in its arsenal, namely repo, and after two consecutive days of repos, one for $53BN on Tuesday, and another for the full $75BN allotment today, moments ago the NY Fed announce that a third consecutive repo would take place on Thursday between 8:15am and 8:30am ET, “in  order to help maintain the federal funds rate within the target range of 1-3/4 to 2 percent.”
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  As a reminder, today for the first time in a decade, the Effective Fed Funds rate was fixed at 2.30%, 5bps above the top range of the fed funds range.
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