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The Best in Alternative News

The Repo Loan Crisis, Dead Bankers, and Deutsche Bank: Timeline of Events…

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Last week, as the Fed was carrying out hundreds of billions of dollars in emergency loan operations on Wall Street for the second week in a row – the first such operations since the financial crisis – Deutsche Bank’s headquarters office in Frankfurt, Germany was being raided by police for the second time in less […]

Fed’s $400 Billion Plan to Bailout Repo Market…

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One of the most vital pieces of plumbing that powers the global financial system usually runs so smoothly that it gets overlooked by market watchers. It’s the “repo market,” comprising the short-term funding that banks and financial counter-parties regularly tap to lend each other trillions. It’s suddenly in the news again, and for all the […]

The Fed’s “Emergency” Actions this Week Were Dated a Full 48 Days Earlier…

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The storyline in the business press is that the lending rate on overnight repos had spiked to an unprecedented 10 percent, necessitating an emergency infusion of $53 billion by the New York Fed on Tuesday to ramp up liquidity for overnight loans and bring down the loan rate. (That was followed with $75 billion more […]

Fed Cuts Rates, Cites Weakening Exports and Low Inflation…

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The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points, citing weakening exports and low inflation. The reduction, which lowered the federal funds rate to a range of 1.75 percent to 2 percent, was the central bank’s second in as many meetings. In July, the Fed lowered rates for the first […]

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