The banks are not following the Fed lead… Did that cause the Repo market issues?
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show kicks off today with his thoughts on what drove the issues we saw in the repo markets last week. These drivers include banks not following the Fed in cutting rates but also the Fed’s lack of direction is contributing. We also discuss the seasonality at play with the Jewish holiday of Rosh HaShana starting early next week and the moves in oil ever since the attacks.
Click here to visit the Benzinga website and listen to the recordings of Joel’s show.
Here is a small part of a well known advisory letter circulating in the UK…
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‘Time to face facts, paying in cash isn’t safe. For better protection, pay on plastic and get ’em to PAY YOU to do it’
Thomas Cook collapsed this week – tragic for staff and worrisome for customers (see Thomas Cook help). During interview Q&As, when I was asked about those without ATOL or ABTA cover, I could explain protections for debit & credit card payers, but had to tell some: ‘If you paid by cash, cheque or BACS, sadly you’re UNLIKELY to get any money back.’ Cash just isn’t a safe way to pay.
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you wouldn’t think it is policy to do away with CASH, would you ?
Big Brother wants to track everything.
And with Google quantum computing power cryptos are no longer safe.
“I hope your listeners are not getting an overdose of me.”
A day without Joel ElConin is like a day without sunshine! How could anyone overdose on Joel ElConin? 🙂
And regarding Jews, I know this is a very long read but this is very important. And before anyone screams antisemite remember that Unz is a Jew.
http://www.unz.com/runz/american-pravda-understanding-world-war-ii/