The Repo Rate reached a high of 10% by about 9 am just before the stock market opened. | Old NEM MB Message Board Posts

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Msg  57250 of 57266  at  9/21/2019 3:27:19 PM  by

zeno451


 In response to msg 57248 by  sprysprite
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Re: The Repo Rate reached a high of 10% by about 9 am just before the stock market opened.

Martin Armstrong was not specific on which day the repo rate hit 10%.... The number definitely provides a stark reminder of the magnitude of the crisis that is confronting the credit markets... was saudi arabia the black swan event that undermined the teetering tottering debt laden speculative bubble. Well it can only get worse as the gordian knot of the political chaos in washington prevents the implementation of fiscally sane spending policies...


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