Odds of Brexit Deal Rise as 2 Most Recent UK Polls Show Lib Dems vs Labour Split

Clear Choice Two UK political parties provide a clear choice. Ambiguous Incoherent Policy The National Review describes Jeremy Corbyn’s Incoherent Brexit Politics Corbyn’s policy is that, if elected, he would begin renegotiating a softened Brexit withdrawal agreement with the EU, perhaps considering a customs union, that he claims would be much better than the current […]

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‘Plumbing of the Financial System’ Under Pressure; Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

‘Plumbing of the Financial System’ Under Pressure; Fed Providing Massive Liquidity and Potentially Permanent Repo and QE ? The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed […]

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US Banks Have $1.4T in Excess Reserves Yet Need Daily “Emergency” Fed Actions

Emergency Funding Continues The Fed continued emergency repos today as firms are short of cash. Fed Tackles End-of-Quarter Funding Angst by Extending Repo Plan Bloomberg reports Fed Tackles End-of-Quarter Funding Angst by Extending Repo Plan The New York Fed said it will conduct overnight repurchase agreement operations daily Monday through Friday until Oct. 10. The […]

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Former Overstock CEO Byrne Dumps $90 Million Stock Gains Into Gold, Crypto “Out Of Reach Of Deep State”

After falling out of favor with shareholders over his company’s poor stock performance, comments about the “deep state” and his alleged relationship with Russian honeypot Marina Butina, Overstock CEO Patrick Byrne announced his resignation weeks ago. And now, it looks like Byrne has finally checked out completely: on Wednesday after hours, he filed a Form 4 […]

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