Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk
Company history to avert the strike but suddenly pulled out of the talks rejecting two of the Union Officials taking part. Ryanair ahead Michael Oleary will bend over backwards to make a buck and that mentality has helped to make ryan air a force to be reckoned with and the european market. Further refining the ultra low cost model pioneered by u. S. Carriers sell to west oleary cut ticket prices in favor of making money and baggage fees on board shopping and other secondary revenue streams. But that cost cutting obsession ran him a fall of many unions they objected to what they described as substandard pay poor working conditions and uncertain labor contracts. The result many pilots left ryanair and the airline recently announced it would be forced to cancel some twenty thousand flights through march of next year. To stave off a threatened strike in some european territories over the holidays ryanair management recently announced it would finally enter into talks with the unions but i
Officials taking but. Ryanair ahead Michael Oleary will bend over backwards to make a buck and that mentality has helped to make ryan air a force to be reckoned with and the european market. Further refining the ultra low cost model plane needed by u. S. Carriers south west oleary cut ticket prices in favor of making money and baggage fees on board shopping and other secondary revenue streams. But that cost cutting obsession ran him a fall of many unions they objected to what they described as substandard pay poor working conditions and uncertain labor contracts. The result many pilots left ryanair and the airline recently announced it would be forced to cancel some twenty thousand flights through march of next year. To stave off a threatened strike in some european territories over the holidays ryanair management recently announced it would finally enter into talks with the unions but if weve got to make a change with make a change and in this case because it was on christmas week it
A stunt it said it had recognized unions for the first time in Company History to avert the strike but suddenly pulled out of the talks rejecting two of the Union Officials taking but. Right here ahead Michael Oleary will bend over backwards to make a buck and that mentality has helped to make ryan air a force to be reckoned with on the european market. For the refining the ultra low cost model plane needed by u. S. Carrier sell to west oleary cut ticket prices in favor of making money and baggage fees on board shopping and other secondary revenue streams. But that cost cutting obsession ran him a fall of many unions they objected to what they described as substandard pay poor working conditions and uncertain labor contracts. The result many pilots left ryanair and the airline recently announced it would be forced to cancel some twenty thousand flights through march of next year. To stave off a threatened strike in some european territories over the holidays ryanair management recently