Blog/Reports and DVDs
Posted Dec 11, 2019 by Martin Armstrong
The Repo Crisis is only Part II of this Mother of All Financial Crises. Where Quantitative Easing was buying in long-term debt to try to lower long-term interest rates and stimulate the economy, the Repo Crisis is entirely different for its objective is to prevent short-term rates from rising. The Fed did not lower rates today and hinted that rates would remain unchanged into 2020 BECAUSE the pressure is rising for short-term rates to rise. This is confirming that all central banks have LOST control of short-term rates.
We face something that has NEVER before been witnessed in economic history. I have written this report which will include an update next year because this is a critical issue that will dictate the fate of everything else. This is the Index to the Report