let s get started with five things to know for this tuesday, may 16th. new overnight, cnn obtained new video of a man chasing a screaming woman with a bat minutes before he allegedly attacked staffers at a congressman s field office. you hear the screams there. the suspect this morning is under arrest. virginia congressman says his staffers have nonlife threatening injuries. also in washington, president biden is going to meet with house speaker kevin mccarthy again today as both try to find a way forward when it comes to the debt ceiling. mccarthy said they re not closer than they were as a treasury secretary is doubling down that america is headed for a default as early as june 1st. durham is report is now out after three years in the making. the special counsel from the trump era the fbi should have never launched a full investigation into connections between the former president s 2016 campaign and russia. but he did not recommend any new criminal charges or, quote, w
and don t forget to try some delicious, creamy lactaid ice cream. what s that mabel? (mooo) wow, smart cow! your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire all right. huge number for the first time america s debt tops $17 trillion. americans having more debt than ever. and more falling behind on paying it off. joining us cnn anchor chief business correspondent christine romans. that s what we want to focus on weakness in these numbers. so that debt binge up $2.9
Liquidity Crisis: Wells Fargo & Repo Markets Sound Alarms
Every financial crisis ultimately boils down to a liquidity crisis, namely: Not enough fiat dollars to keep the financial wheels sufficiently greased.
Below, we look at two warning signs from Wells Fargo (NYSE: WFC) and the reverse repo market which warn of precisely that:
a liquidity crisis.
In a world in which consumers, corporations, and sovereigns have falsely confused
debt-based growth as
actual growth, a liquidity crisis is not a theoretical debate, but a mathematical certainty.
For years, self-serving politico’s, central bankers, Wall Street sell-siders, and a woefully unsophisticated cadre of main stream financial “journalists” have endeavored to downplay this rise-and-“pop” certainty by deliberately ignoring the $280T debt elephant in the global living room.
Liquidity Crisis: Wells Fargo & Repo Markets Sound Alarms – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.
overleveraging of corporate america. the reason why the fed needs to unwind its balance sheet and raise short term interest rates is because a, the economy is improving and number 2, you could have asset bubbles. we should not be incentivizing corporations and individuals, mainly corporations because they went on a debt binge to borrow more. neil: he s not worried about that. are you? i think what has changed in the last six weeks is what happened at general electric. in the blink of an eye, nobody cared that it was trading south of $10. when their bonds went to 80 cents on the dollar and started trying like a junk bond from mike milkin s day neil: what she s saying, the federal reserve was guided by the markets and responding to the markets. i didn t think federal reserves