"The Field Where Lehman Died" Is About to Get Bloody Again
September 20, 2019 at 05:00 AM EDT
Cameras rolled as Fed Chair Jerome Powell dished out more accommodative rate cuts for his Wall Street masters on Wednesday... ... but he didn't say one word about the ongoing, extraordinary, and profoundly unsettling intervention in the "repo," or repurchasing markets. We're three days into this silent crisis. It shows no signs of letting up. The Fed has pumped around $205 billion in emergency liquidity into this little-known but crucially important funding mechanism for banks - but it's been totally downplayed by the spinmeisters in the Marriner S. Eccles Building. Folks, we're living through some of the most dangerous and dicey times since October 2008. And we deserve to know the truth about how thin the ice beneath our feet is. Since we're not likely to get that from anyone in the D.C.-Wall Street pipeline, I'll lay out what's really going on here... Full Story Since we're not likely to get that from anyone in the D.C.-Wall Street pipeline, I'll lay out what's really going on here... Full Story Tags: market crash To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post "The Field Where Lehman Died" Is About to Get Bloody Again appeared first on Money Morning - We Make Investing Profitable .