Category Archives: Unsecured Payday Loans

International Research. May be the run using the Dollar considering Panic or Greed?

What’s taking place into the repo market? Rates on repurchase agreements (“repo”) ought to be around 2%, on the basis of the fed funds price. Nonetheless they shot as much as over 5% on September 16 and got up to 10% on September 17. Yet banking institutions were refusing to provide to each other, evidently moving up profits that are big store their cash – just like they did into the housing marketplace crash and Great Recession of 2008-09.

The Federal Reserve Bank of New York jumped in, increasing its overnight repo operations to $75 billion; and on October 23 it upped the ante to $120 billion in overnight operations and $45 billion in longer-term operations since banks weren’t lending. Continue reading