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    History doesn’t repeat itself, but it often rhymes


    Banks borrowed $50 billion in a single day from the Feds AGAIN. Was Buffett's GOOGL investment not enough? Will NVDA be able to stall the liquidity crisis out with their earnings print, or will we end up being free liquidity for Wall St? Will Feds restart the printer after QT ends on Dec 1st?

    Either way my leaps are on fire, please do something Mr J Pow

    https://i.redd.it/9ol4nafwpv1g1.png

    Posted by TomatoSpecialist6879

    View 27 Comments

    27 Comments

    4. Swimming-Tutor2729 on

      Life is a joke the printer keeps printing and the poor people stay poor where is my LAMBO AND TENDYS

    12. Consistent-Bake-5666 on

      at this point, just going to sit and wait go heavy on buying shares. options been fucking me

    14. eoiioe on

      If nvidia doesn’t pull off a miracle ER, that printer better be turned on asap and going overtime or else spx will
      Drop 1000-2000 points in a day

    17. chris_ut on

      There was a liquidity issue due to government shutdown. government spending is 23% of IS GDP and they stopped spending.

    18. Aggravating-Salad441 on

      This is probably a harmless derivative of the government shutdown. Think of all the missed payments for government contractors (companies), employees, etc that weren’t hitting bank accounts. That creates a sudden need for temporary credit and IOUs so contractors can make payrolls, employees can pay bills, etc.

      Probably harmless.

      Probably.

    20. ShrekssToilet on

      I’m so confused. The synopsis of the bottom article says “highest repo use since 2021”, but the article was published in 2008? And what is the publication date of the first article? Today?

    21. phobaus on

      Banks borrow literally every day. Maybe you’ve heard of prime rate? (Not trying to be snarky but the title is sensational). Banks (of good standing) borrow against their books. Finally due to rate behavior not dropping (a la failure of SVB because their executives must be WSB traders who would override quants because nah rates go down), yes there is borrowing of against par book value because of unrealized gain and losses blowing up. All that is diminished or a nothing burger for today. Quick edit – OP brought up QT ending which will have a big impact as fed expands its balance sheet again. So you only capture some of the data by focusing on $ amount of daily borrowing

    24. crunchsoop on

      You know what else is crazy?

      Something something last time Michael burry closed his office something something he was right something something not a habit out of failure

    25. Skittler_On_The_Roof on

      These are overnight reverse repos, right?  Sensationalist bullshit for people not willing to learn context.

      Another angle is these were around $400B at points this year, so you could also say banks are reducing their need of lending from the fed.

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