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Fed systems down

Summary:
Says it was an “operational problem”... ie not a technical problem.....  Nobody wants to receive reserve assets?  Hmmmmmmm...  The Fed's system that allows banks to send money back and forth went down for several hours https://t.co/KNFxH0Uh6n— Jeff Cox (@JeffCoxCNBCcom) February 24, 2021 B reserves to depositories yesterday:Perhaps destabilization starting....

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Says it was an “operational problem”... ie not a technical problem.....  

Nobody wants to receive reserve assets?  Hmmmmmmm...  



$70B reserves to depositories yesterday:


Fed systems down


Perhaps destabilization starting.... 



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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