Total global financial assets grew by 1.4% in 2018, driven largely by banks. A GOOD SOURCE TO VERIFY VALUE IS WWW.VECTORVEST.COM. The intellectual theories of David Rosenberg, Noureli Roubini, Gary Schilling, Robert Schiller, Dr. Herrera and Paul Krugman are used to create a economic fractal matrix.The global deflation is the major driving force for the next 9 years. — Dave Collum (@DavidBCollum) October 24, 2019. For discussion of why the effective lower bound of interest rates may be much higher than zero, please see In Search of the Effective Lower Bound. The rest….will suffer and starve via marxist progressive policies and corruption. The report presents metrics and analysis for monitoring risks and therefore informs discussions at the EU level, also with a view to identifying and closing statistical data gaps. $349 - $449 - $649 - $949 + S&H So I’m not sure a case can really be made that there is anything going on beyond what meets the eye – which is already bad enough if you ask me. Merrill Lynch, Pierce, Fenner & Smith Incorporated. The Last 10 Years Have Been “An Unparalled Transfer Of Wealth To The Managerial Class”, Harrington Richardson: They Are Quislings, Fed to Increase Emergency Repos to $120 Billion, But Hey, It’s Not Monetary, U.S. Companies Advised to Prepare for Multiple Benchmark Rates in Transition from Libor, Obedience to God is Liberating or: How I Learned to Love the Bread Box, Congress Upset As They’re The Only Criminals Allowed In The Capitol, THIS DAY IN HISTORY – President Reagan gives his farewell address – 1989, Democrat Control of Washington Could Trigger Four Years of Surging Inflation, Biden Is Not Yet Inaugurated and the Establishment Is Already Fomenting Civil War, Here It Comes: ‘Patriot Act 2.0’ Aimed At The UnWoke Enemy Within, Ignorant Republicans Riot And Don’t Even Get Any Big-Screen TVs, Fair is Foul and Foul is Fair: Hover Through the Fog and Filthy Air. Mind, I’m not saying that’s the case, but the entire shadow banking system is opaque and we usually only find out what’s what when someone keels over or is forced to report a huge loss. The Fed keeps increasing the size and duration of “overnight” funding. It is astonishing that the Fed somehow seemed unprepared and quite surprised by the extent of the liquidity shortage. States with a strong currency will have the most fiscally responsible and transparent governments and would likely trade with like States. State Sovereignty. NO PRINCIPAL LOSS FOR 2010: 50% OF LADDERED INDIVIDUAL TREASURY BONDS; 30% ISHARES BARCLAYS TIPS BONDS (TIP) 10% VANGUARD SHORT TERM TREASURY (VFISX) 10% VANGUARD GNMA (VFIIX) ; ANOTHER STRATEGY FOR THE SECOND HALF OF 2010: 35% T ROWE PRICE INTERNATIONAL BONDS (rpibX0 25% HARBOR BOND (HABDX) 20% VANGUARD INTERMEDIATE TERM TAX EXEMPT (VWITX) 15% ISHARES BARCLAYS TIPS BOND (TIP) AND 5% VANGUARD SHORT TERM TREASURY (VFIXS), TOP STOCK FUNDS FOR 2010 WITH GOAL OF 50% OR HIGHER: OCEANSTONE, PROFUNDS UTLRA LATIN AMERICAN INV. [The Fed is not swapping money for dodgy collateral] Someone or someones is caught in some sort of borrow-short lend-long scheme and the Fed is giving them reserves for nothing in return. THE FOLLOWING ETF ARE PROJECTED TO ADVANCE HIGHER HOWEVER DO YOUR OWN RESEARCH TO VERIFY THIS WITH EMPIRICAL MARKET DATA: JSC, CEW, JNK, XLU, CPI, GXF, VXX, EFN, BJK, PSP. Pater Tenebrarum at the Acting Man blog pinged me with these comments on my article, emphasis mine. Transforming Shadow Banking into Resilient Market-based Finance . Continue Reading / … Companies must move away from Libor by the end of 2021, when banks will no longer be required to publish rates used to calculate it. 19 September 2019 Belinda Cheung and Sebastien Printant The spread between key Australian money market interest rates has widened and become more volatile in recent years. Whatever monkey business the Fed is hiding better not be to stabilize a foreign bank. These are spasmotic movements that nobody seems to understand. 12 November 2015 (updated on 19 July and 25 November 2019) The above Primary Dealer List from Wikipedia as of May 6, 2019. I expect that's true for other investors too. It is generally unregulated and not subject to the same kinds of risk, liquidity, and capital restrictions as traditional banks are. “This Was A Coordinated Attack”: Parler CEO Speaks Out After Amazon Boots From AWS, Vows To Rebuild ‘From Scratch’, THIS DAY IN HISTORY – Gusher signals start of U.S. oil industry – 1901. Contrary to similar spikes in repo rates in 2008, it was probably not fear of counterparty risk that led to the recent repo quake. THEY DO A GOOD JOB IN RESEARCH CURRENT VALUES VS. Even a slight amount of cooking of the replacement index could mean billions of dollars. Ian: Taking bad collateral to keep banks solvent is not QE. https://t.co/ozqdtUwuwv, — fred hickey (@htsfhickey) October 24, 2019. Mish: I also think that the repo spikes suggest the shadow banking system is finally breaking. Every State should have its own currency based on the goods and services it produces. These firms are often owned by private equity. Mish: I also think that the repo spikes suggest the shadow banking system is finally breaking. The IFF China Report 2019: Redesigning the international trading and monetary system Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue. We are all guessing here, so I am submitting possible ideas for discussion. Banks face a moral hazard problem in screening entrepreneurs™projects, and they choose whether to be regulated or not. THESE STOCKS ARE BASED ON THE FOLLOWING TECHNOLOGY BREAKTHROUGHS: ON DEMAND SOFTWARE, SUCCESS FACTOR (SFSF) F5 nETWORKDS ( FFIV); THE RISE OF THE SMARTPHONE WITH bROADCOM (bRCM), DATA MASTERY INFORMATICA (INFA) , COMMVAULT (CVLT) , THE ELECTRICAL EFFICIENCY MODEL SHOULD BE eNERNOC. Le shadow banking recouvre des entités qui collectent et gèrent des fonds auprès du public sans être des établissements de crédit: organismes de placement collectifs (OPC) monétaires, fonds d’investissement, véhicules de titrisation par exemple.La liste des composantes est longue et varie selon les définitions adoptées. I think we have more to fear in the Fiat worthiness than we do the collateral worthiness. The Keys to the Shadow banking system uses a dynamic fractal matrix based on the top economist in the world. The Keys to the Shadow banking system uses a dynamic fractal matrix based on the top economist in the world. -----------------------------------------------------, Mail to: Custom Union Designs on Request The intellectual theories of David Rosenberg, Noureli Roubini, Gary Schilling, Robert Schiller, Dr. Herrera and Paul Krugman are used to create a economic fractal matrix.The global deflation is the major driving force for the next 9 years. “And instead shoot all the Elite Traitorous MF’ers”. THE REAL ESTATE SECTOR HAS A SPECIAL SWEET SPOT CALLED REITS. When Fed scheme Z fails, the Oligarchs will implement Fed scheme AA. (Knx) Msci (mxb),United Microlectronics (UMC), Viterra (vt.to) Weyerhaeuser (WY), Magna International (MGa) Microsoft (msft) Yum brands (Yum), Fresenius Medical Care (Fms) Fti Consulting (Fcn), Schwitzer (Swm); Fixed Income: NSL, PPR, FFRXhx, Fct; Special of the Day: Conagra; Organic Investments: CTRP, SYY, Hnz, Credit Card special: Ma and ACIW: Worst Cast Options: KPRWBX, VfIIX, VXX, ABT,APD, ALEX, APA,AAPL, ADM, T, BAX, BDX, BA, CPB, KMX, CAT, CVX, CTAS, CLX, KO, CL, COP, COST, BCR, CVS, DE, XRAY, DBD, D, DOV, DD, EBAY, ECL, ECA, EGN, ETR, XOM, FIC, FDX, FLR, FMC, FPL, GD, GIS, GR, GWW, HRS, HNZ, HPQ, HON, HRL, ITW, IBM IP, IRM JNJ, JCI,K, KFT, LOW, LZ, MRO, MKC, MCD, MDT, MON, NIKE, NSC, NTRS, PDCO, PAYX, PEET, PEP, PRGO, PNY, PX, PG, RTN, ROST, SLB, SIAL, SO, STJ, SPLS, SBUX, SYK, SYY, TGT, TEVA, MMM, TJX, TSCO, UNH, UPS, UTX, VMT, VAR, VZ, VMC, WAG, WFC. In this case the problem is specifically that the primary dealers are holding huge inventories of treasuries and bank reserves are apparently not sufficient to both pre-fund the daily liquidity requirements of banks and leave them with enough leeway to lend reserves to repo market participants. THE FOLLOWING ARE A GOOD CORE SELECTION OF TECHNOLOGY STOCKS THAT ARE BASED ON REAL PROFITS: APPLIE (AAPL) , GOOGLE (GOOG) ENERnOC (ENOC) AND ATHENA hEALTH (aTHN). What about all the LIBOR-based derivatives with the end of LIBOR coming up? Sorry, your blog cannot share posts by email. Such market participants would become unable to fund their leveraged positions in CLOs or whatever else they hold. Where’s the collateral? Interior or Exterior - All Year Round The primary dealers hold a huge inventory of treasuries that needs to be funded every day in order to provide them with the cash needed for day-to-day operations – they are one of the main sources of the “collateral surplus”. Bob…you’re only talking about 20 American families…very doable when you consider the ‘logistics’. The shadow banking system played a major role in the expansion of housing credit in the run up to the 2008 financial crisis, but has grown in size and largely escaped government oversight since then. September 19, 2019 ‘Shadow Banking’ Saddled With Undeserved Poor Image Alternative lenders are an increasingly important source of capital and could be a vital lifeline during a recession, Paul Hastings attorney says. Note: That was supposed to be a private comment to me. What’s more, the Federal Reserve without a doubt knew that something like this was coming. Ces acteurs échappent à la supervision prudentielle du Comité de Bâle. The Wall Street Journal reports U.S. Companies Advised to Prepare for Multiple Benchmark Rates in Transition from Libor. Over the past two decades, the growth of shadow banking has transformed the way the U.S. banking system funds corporations. He lost me. Yes, this is not “TARP” – the Fed is not taking shoddy collateral, only treasury and agency bonds are accepted. Figure 1 shows that leveraged finance has doubled since the global crisis. Debt financing with thin equity stakes is risky. THESE ARE SOME OF THE TOP RATED UTILITIES FOR 2010: FLEX-FUNDS-THE TOTAL RETURN UTILITIES FUND (FLRUX); AIM UTILITIES FUND (FSTUX), UTLITIES SELECT SECTOR SPDR FUND (XLU) , VANGUARD UTLITIES ETF (VPU), VANGUARD UTILITIES INDEX FUND (VUIAX), MACQUARIE/FIRST TRUST GLOVAL INFRA/UTIL DIV 7 INC (MFD) , COHEN &STEERS SLECT UTILITY FUND (UTF) , UTILITIES HOLDRS TRUST (UTH); SOME INDIVIDUAL STOCKS TO EXAMINE ARE: APU, MMP, EEP, EXC, DUK, TXU, NWN, NJR. The repo market designates a mechanism used by … 23x40 - 26x48 - 33x60 - Custom Yesterday, I commented Fed to Increase Emergency Repos to $120 Billion, But Hey, It’s Not Monetary. The intellectual theories of David Rosenberg, Noureli Roubini, Gary Schilling, Robert Schiller, Dr. Herrera and Paul Krugman are used to create a economic fractal matrix.The global deflation is the major driving force for the next 9 years. It is documented that the growth in shadow banking activity was due to the inability of the traditional banking system to meet the spike in demand for funding, due to tight regulation on lending. He informs me “a credit analyst at the largest bank in my neck of the woods sent me a mail to tell me this was by far the best article on the topic he has come across”. Ever-Increasing need for emergency repos to $ 120 billion “ when you the. Banking Monitor No 3 / September 2018 Executive summary 3 Reading / La. Wonder if this implies that the Fed is not “ TARP ” the! Prepare for Multiple Benchmark Rates in transition from LIBOR the United States in that securitisation and market-based instruments only. 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