Wednesday , November 6 2024

Pump

Summary:
Commie USD hacker zombies still "pumping!" this week; both Monday and Tuesday, net additional 200B CNY non-risk Reserve Assets added to bank assets this week (so far...): #PBOC injects net 80 bn yuan via open market operation — YUAN TALKS (@YuanTalks) June 18, 2019 #PBOC injects net 120 bn yuan via open market operation on Monday (injects 150 bn yuan 14-day reverse repo and 30 bn yuan reverse repo matures) — YUAN TALKS (@YuanTalks) June 17, 2019 Non-bank lenders starting to lose access to bank credit as a result:China’s securities watchdog has told several large non-bank financial institutions to lend in the interbank market to smaller non-bank firms to help ease any cash shortfalls after Baoshang woes. https://t.co/rH6GjihY5Q— Leng Cheng (@chenglengrt) June 17, 2019 Not looking

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Commie USD hacker zombies still "pumping!" this week; both Monday and Tuesday, net additional 200B CNY non-risk Reserve Assets added to bank assets this week (so far...):

Non-bank lenders starting to lose access to bank credit as a result:

Not looking good...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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