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  • Coordinated central bank action to further enhance the provision of U.S. dollar liquidity

    From federalreserve.gov

    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. To improve the swap lines' effectiveness in providing U.S. dollar funding, these central banks have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 23, 2020, and will continue at least through the end of April. The central banks also will continue ... (full story)

Yawn
Quoting NathanAhern
Yawn
I feel even the swap liquidity is so miniscule. It's a little drop to try to slow down the inevitable in my eyes.
The more of these measures they take the more I am convinced there is a banking crisis going on behind the scenes we are not being told about.
Quoting Skracor247
The more of these measures they take the more I am convinced there is a banking crisis going on behind the scenes we are not being told about.
No doubt about it. The words ill-prepared come to mind at this current situation. We all know this will be a short corrective bounce and right back to the darkside.
Quoting Skracor247
The more of these measures they take the more I am convinced there is a banking crisis going on behind the scenes we are not being told about.
To do with dollar shortage and liquidity. Don't sweat. All these rate cuts, banks will be quids in, doubt they will pass it all on to the customers through better rates anyway, leaving plenty of margin for themselves. Dollar always king in a crisis.
This is economic terrorism, pure and simple. USA shuts down businesses for a flu bug while defaults will skyrocket! If the USA government tells me to stay home and not work when Im healthy then the USA government will be responsible for paying my bills since I have no income!
Quoting fxsport
This is economic terrorism, pure and simple. USA shuts down businesses for a flu bug while defaults will skyrocket! If the USA government tells me to stay home and not work when Im healthy then the USA government will be responsible for paying my bills since I have no income!
I doubt the government will compensate citizens for their losses. Even if they are willing to do so, they likely won't have enough funds. We (the common people) are all in the same boat. It is a very unfortunate situation. I wish you the best.
[quote=swd;12827075]{quote} To do with dollar shortage and liquidity. Don't sweat. All these rate cuts, banks will be quids in, doubt they will pass it all on to the customers through better rates anyway, leaving plenty of margin for themselves. Dollar always king in a crisis.[/q
Totally agree,for now it's buy dollar for me,hence the trend continues, looking for tops would definitely be a run down on your account...
Paper trash Good for us
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Makes me think of the Billy Joel song goodnight saigon 'And we would all go down together'
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  • Story Stats
  • Posted: Mar 20, 2020 10:01am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 10  /  Views: 8,713
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