Cracks emerging in money markets?

Discussion of the Cash portion of the Permanent Portfolio

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ochotona
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Re: Cracks emerging in money markets?

Post by ochotona » Tue Oct 15, 2019 2:54 pm

shekels wrote:
Tue Oct 15, 2019 10:59 am
When is QE not QE?
The new-new-new plan.

https://wolfstreet.com/2019/10/11/10-ye ... ury-bills/
Through Q2 2020. I wonder if they can really stop at that point.
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Tortoise
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Re: Cracks emerging in money markets?

Post by Tortoise » Tue Oct 15, 2019 6:39 pm

Sounds like a de facto standing repo facility, which the Fed proposed earlier this year.

If so, maybe at some point they'll just "make it official" and replace their current ad hoc repo market interventions with a standing repo facility.
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sophie
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Re: Cracks emerging in money markets?

Post by sophie » Wed Oct 16, 2019 7:22 am

Oh of course. That would be because I just bought long bonds!
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technovelist
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Re: Cracks emerging in money markets?

Post by technovelist » Sat Oct 19, 2019 6:30 pm

sophie wrote:
Sun Sep 22, 2019 8:42 am
77% repos? That's gone up since I last checked (was about 60%). Crazy.

I only wish FDLXX could be used as a sweep account. It's not that hard to keep shifting cash into it though. With the smartphone app I can do it while walking to work, or while stuck in boring meetings. I also have 3 sets of T bills on autoroll, and it looks like you can add to those positions anytime with the "buy" button. Pugchief have you tried that?
Thanks for this info, everyone.
Most of my Fidelity assets are in two sets of T-bills with autoroll.
I have just entered an order to move most of my "cash" (about 25% of my Fidelity account) from SPAXX to FDLXX, which should be executed on Monday.
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Kriegsspiel
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Re: Cracks emerging in money markets?

Post by Kriegsspiel » Sun Oct 27, 2019 6:43 am

https://www.marketwatch.com/story/the-f ... 2019-10-25

This chart has vertical lines on it.

Image
To die, to sleep
To sleep, perchance to dream; ay, there's the rub
For in that sleep of death what dreams may come
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Smith1776
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Re: Cracks emerging in money markets?

Post by Smith1776 » Tue Jan 14, 2020 2:08 pm

Kriegsspiel wrote:
Sun Oct 27, 2019 6:43 am


This chart has vertical lines on it.
lmao.
e + 1 = 0
640K ought to be enough for anybody.
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shekels
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Re: Cracks emerging in money markets?

Post by shekels » Wed Jan 15, 2020 10:56 am

Repo Market Simplified, or maybe not. :-\
Printing is always an option until it is not.
Jeff Snider has his opinion explained.


https://www.youtube.com/watch?v=w5AR-KBVgJ0&t
https://www.youtube.com/watch?v=FwyeYmXjD1A
Dave Chappelle Acceptance Speech | 2019 Mark Twain Prize
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