- Silver Report Uncut
Economic collapse news. First We start with the overnight repo market there is a real big issue with liquidity in the banking system and the 75 billion dollar cap apparently wasn’t enough to feed the hunger. In fact the Fed’s second repo operation was oversubscribed by 5 billion dollars so there was a liquidity shortage of 80 billion dollars. The Fed has also announced plans to conduct another overnight repo operation today. The liquidity crisis is also bringing back a very concerning phenomenon…. The effective fed funds rate rejected the feds interest rate cut settling at 2.30. The Fed also cut interest rates but it doesn’t seem to be enough so they announced plans for QE4 in the near future. Stocks loved it.