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This has been discussed extensively before. Long story short, its simple interest arbitrage, effectively making it cheaper to aquire reserves from the fed then from other sources. Although considering the rate of borrowing, and the fact that this has never happened in history, the situation is...

UPS warns. This really cant be good lol.

I also initially thought that it was a sign of trouble when H3 figures were published that showed banks had negative reserves for the first time in history( meaning they were technically bankrupt and had to use the fed for liquidity), http://www.federalreserve.gov/releases/h3/Current/ but...

Actually the they aren't making as much as most people think. Yes, the products are produced in China, but most of the fat margins are made by the giant companies retailing them here. Sides who cares with the Fed having infinite write down abilities? Citigroup has 400 billion of bad loans on...

And poof, just like that, hundreds of billions of dollars in losses will vanish into the whirlpool of slime that is the dollar. Everyone go about your happy business and believe in the fed, they have found the golden key to locking away recession forever.

So your saying all this money is dissappearing into the coffers of hedge funds and nothing to do with subprime or the fact that banks chased profits and allowed even the homeless to buy houses and 2 flat panel tvs for each room? Paulson and Co made 2bill+ on the disaster in the IBs. Please name...

Would you visibly panic in front of national television if you represented a major broker no matter how bad things are? Look at enron/bsc/lehman.

In the theme of hypocrisy, these words are being said by someone with a 3000+ post count =).

If the banks are doing this because of attractive interest rates (negative in real terms) then I can remember another time in recent history where they could have done this as well, but didnt...

Well it got worse, like everyone expected. http://www.federalreserve.gov/releases/h3/Current/ Not only has bank reserves in the united states fallen negative for the first time in history, but they are now in the hole by 20 billion dollars, down from non borrowed reserves of 40 billion...

This number looks comical. http://www.federalreserve.gov/releases/h3/Current/

This is what happens when you focus purely ont he numbers and dont read into the stories behind them. The "#1" richest person in china, a 26 year old woman, inherited her fortune when her father turned the company over to her. Not only that, but the underlying assets that make up that 16...

Heres a thought - why not use the ignore button? Its a free forum for a reason, censoring people just because your opinion differs from theirs would make it troublesome for everyone. Smarter readers would try to see every opinion and gauge market psychology from it. The fact that day7793 exists...

People often say that the Fed is not there to save the markets, but to provide stability in the economy. My opinion is that people who follow this rule as a cut in stone commandment might be taken for a surprise sometimes. Its a fact that there are many conflicting interests in the now global...

Negative Bank Reserve Numbers. I knew they had fallen to 198 million but to go negative? Where is all this money going??? So essentially the banks owe more money to their depositors then they actually have in existence, including all those based on the fractional reserve system... Time to move...

Im fairly certain "all go bankrupt at the same time" is pretty illegal and against all sorts of regulations. Also even if they were, holders of the companies shares or assets would have all everything seized and split between holders, including all the shares they sold short for a profit. If...

Payrolls shrank, and unemployment rate went down because the overall labor pool, or the people who the census counts as being either employed or unemployed shrank. In other words, more people left the work force, most likely due to the fact that they have not been able to get a job for a series...

Are you serious? None of you have seen her without a desk in front of her have you. She is FAT, take a look at her on that late night show, I think its leno or something. From how long the dent took to refill after she left the couch I would say her weight is at least 160 pounds. Erin Burnett...

This correlates to my post earlier about Ben Stein and his theories on traders. http://www.elitetrader.com/vb/showthread.php?s=&threadid=115595 I still think that individual organizations such as hedge funds and investment banks cannot influence the market for an extended period of time...

You guys do know there is no "Muffie Benson-Perella" right? The last name is an amalgam of two investment bank names. I think its safe to say that its a fictional character.