by Fed rate increases crushing NPV of system regulatory capital:They are doing the same thing they did in September 2008 ie putting their own Depositories and Dealers into violation of their own regulatory capital requirements… system is again getting close to failure mode:Bank of America, $BAC, is worried about bond market volatility and says risk of a 'crash' is rising, per CNBC.— unusual_whales (@unusual_whales) October 14, 2022 Why is the Swiss National Bank drawing BILLION USD (last two days) from the swap line with the U.S. FED?! #CreditSuisse @SNB_BNS #Trouble— 🇺🇸Kyle Bass🇺🇦 (@Jkylebass) October 14, 2022 Treasury might have to intervene directly again:THE US TREASURY HAS ASKED MAJOR BANKS WHETHER IT SHOULD BUY BACK SOME US GOVERNMENT BONDS IN ORDER TO IMPROVE MARKET LIQUIDITY.—
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Fed rate increases crushing NPV of system regulatory capital:
They are doing the same thing they did in September 2008 ie putting their own Depositories and Dealers into violation of their own regulatory capital requirements… system is again getting close to failure mode:
Bank of America, $BAC, is worried about bond market volatility and says risk of a 'crash' is rising, per CNBC.
— unusual_whales (@unusual_whales) October 14, 2022
Why is the Swiss National Bank drawing $10 BILLION USD (last two days) from the swap line with the U.S. FED?! #CreditSuisse @SNB_BNS #Trouble
— 🇺🇸Kyle Bass🇺🇦 (@Jkylebass) October 14, 2022
Treasury might have to intervene directly again:
THE US TREASURY HAS ASKED MAJOR BANKS WHETHER IT SHOULD BUY BACK SOME US GOVERNMENT BONDS IN ORDER TO IMPROVE MARKET LIQUIDITY.
— Breaking Market News ⚡️ (@financialjuice) October 14, 2022