In this weekend report, from London on Saturday, October 12th, 2019 I go over some of the major market, economic and geopolitical events of this past week.
There was a great deal of focus towards the end of the week on the U.S. and China trade negotiations and the negotiations or talks between the U.K and Ireland concerning Brexit. The stock market and the British pound rallied strongly as a result and I would say those rallies were based on hope.
More interestingly though I think the back door bailout of the Too Big to Fail banks was the most important occurrence this week. The mainstream news outlets, of course, focused on Trade and Brexit but I would say the actions by the Federal Reserve and the BIS were key.
The Federal Reserve announced $60 billion in QE and also announced it will continue to be furnishing the Repo Market with $145 billion until at least the end of January 2020.
My conclusion is that all is not well with the financial system and that one needs to be aware of that despite what hear from our political and economic leaders on both sides of the Atlantic.
"QE4 "Not A QE" Begins: Fed Starts Buying $60BN In Bills Per Month Beginning Next Week": https://www.zerohedge.com/markets/not-qe-begins-fed-start-buying-60bn-bills-month-starting-oct-15
Treasury Yield Curve Un-Inverts: "Seals Fate Of Imminent Recession": https://www.zerohedge.com/markets/treasury-yield-curve-un-inverts-seals-fate-imminent-recession
The Fed and the BIS Throw Deutsche Bank a Lifeline.:
"Tory Brexit Poll Lead Could Melt Away":
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