The Ongoing Repo Question - More Proof of a Rigged to Fail Market

You are receiving this as part of your free subscription to Critical Signals Report. To remove your email from this list, unsubscribe here. Friday, September 27, 2019 The Ongoing Repo Question - More Proof of a Rigged to Fail Market By Matt Piepenburg In the wake of last week's repo market panic, I realized that there is much more to be said about its implications - and what it all means for you and your money. First, let's be clear that the repo market is not the bond market, but rather a clever little corner of the market casino designed to allow major banks and a few other non-bank and quasi-government entities to make short-term (often overnight) loans on an as-needed basis. With this in mind, many readers have naturally asked why the big banks, so flush with post-2008 reserves, would ever need such "loans." Additionally, other readers, those admittedly new to the variant and rigged mechanizations between D.C. and Wall Street, have been pondering what all of this sudden (and narrow) repo noise has to do with their own money and the broader risks facing the markets. Well, the answers will likely tick you off. As to the first question, you are correct to ponder why the big banks, so flush with reserves, need a repo market's overnight loans at all. In fact, the blunt truth of the matter is they don't. Here's why, and here's what's really happening... Read more » You are receiving this email at its028@gmail.com as a part of your free subscription to Critical Signals Report Remove your email from this list: Unsubscribe © 2019 Money Map Press All Rights Reserved. Critical Signals Report | 1125 N Charles Street | Baltimore, MD 21201 North America: 888.384.8339; International: 443.353.4519; Fax: 410.622.3050 Contact Customer Service Website: https://criticalsignalsreport.com/ Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Critical Signals Report. 1125 N Charles Street, Baltimore, MD 21201.