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http://www.ekathimerini.com/242614/article/ekathimerini/news/erdogan-turkey-hopes-to-co-produce-weaponry-systems-with-russia Turkey hopes to co-produce high-tech weaponry systems with Russia in the future, Turkish President Recep Tayyip Erdogan said, further defying its NATO ally the United...

You are aware that some of the most indebted companies are also from china ? Easy cornering the export market when 95 % of the country companies lose money on a systemic basis year after year ? Don't get me wrong, they surpassed North America in innovation, and possibly Japan but when one's...

You keep following me in every thread trying to needle me... I made built my account to 145k US and change, built it well, what did you built ? Running your twitter fingers, praying I lose money in 2019 cause I exposed lil china's economy as being a fraud and your salty about it ? Don't worry...

Are you that naive ? They fully understand it if they went from planning 75 bps increase in 2019 to 6 months later immediate rate cuts and basically TARP for big American banks by creating a Standard Repo Facility... Quote a wiki piece by Jean-Claude Juncker, who during the 2011 Euro Crisis was...

https://apps.newyorkfed.org/500.html EFF data site is under maintenance right now but should be back up slowly... Federal Funds are completely out of whack flashing red, going on memory EFF was 2.41 July 11th which is 6 bps over the Ceiling of 2.35, after they cut IOER 3 times by 5 bps. 25th...

Powell is wrong once again, Gold is used as collateral in Repo markets and Eurodollar Markets... Bitcoin isn't and until it is accepted as collateral it's fugazee. Do Central Banks engage in Bitcoin Lending ? I will say that Fin tech crypto is gonna be a great sector to trade after crisis hits...

https://www.nytimes.com/reuters/2019/07/10/business/10reuters-usa-fed-repofacility.html Federal Reserve officials argued the pros and cons of a possible policy tool that allows banks to borrow from the U.S. central bank using Treasuries and other securities as collateral, minutes of the Fed's...

PPT is activated permanently... It's going up no matter what until offshore credit pops, but it seems extremely close at this point... Collateral calls, it's never losses that kill you, it's the lack of credit. ECB keeps swap line with DB permanent, maybe it survives.

Big Cohones...

High Yields are Corporate Bonds... Banks and Institutions piling in Negative Yielding Sovereign Bonds is for safe collateral to pledge in repo, although weird it's for hedging purposes when lending gets tight you can only pledge liquid stuff, government bonds is king... But this fuckery of...

https://www.bloomberg.com/news/articles/2019-07-09/sub-zero-yields-start-taking-hold-in-europe-s-junk-bond-market Star Wars had less science fiction then what is going on in Europe's Fixed Income... I think we are past the point of fantasy, and someone has to call a timeout. The train wreck is...

https://nationalpost.com/news/world/smoking-gun-huawei-staff-employment-records-link-them-to-chinese-military-agencies The retard came out in Japan and said US chip makers will restart selling to the chinese military cause Winnie told him to... He is out to destroy the US and any alliances it...

If dem wins, PPT will be cancelled from day of victory until another clown like the Orange man comes in... Then from January 2021 forward, markets will explode with fury. Dems will have deficit running 2 Trillion a year, the free shit they promised, their will be so much money and liquidity...

A lot of banks and institutions know it... Bidding furiously collateral to pledge is telling by itself, I seen Italy's bonds gain 12-13 % being bid full retard and went down from 1.90 something to 1.65, was down 25 bps in a day!!!! Few days ago, that's a serious blow up in their money markets...

Hell no... Eurodollar Money Markets, which is the biggest money market in the world by far. They call it Eurodollars but it's the market where you can borrow gazillions in US Dollars as long as the lender matches assets/liabilities with other borrowing bank. china's issue is it's SOE and...

Credit markets are acting crazy... Fed cut IOER by 5bps 3 times since 2018 without cutting benchmark, that's unheard of, never happened... They need to cut benchmark asap, federal funds is chump change spare liquidity, and it's tight as fuck again after little breather when they cut IOER few...

They will pass a law soon in the US, that the US Fed can directly purchase Treasuries, like every other major economy in the world at this stage... Who is gonna buy Euro debt or Japanese debt at those rates ? ECB is the only game in town in EU, has been for few years... Even china debt no one...

Offshore repo collaterals... Since baoshang something snapped in money markets, pboc only covered 70 %, 30 % haircuts happened when the narrative was pboc will cover loses at 100 % regardless. A lot of shit chinese corporate bonds are used as collateral in local repo in china and also Eurodollar...

In exchange for his Huawei concession, Trump said Xi Jinping had promised to buy “tremendous” amounts of U.S. agricultural products. “We’re going to give them a list of things we’d like them to buy,” Trump said at a news conference following the Group of 20 summit in Osaka, Japan. However, as...