Repo Market Pointing to Trouble at the Too Big To Fail Banks.

In this report, I cover the early market action from Florence, Italy on Monday, October 7th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.

Today I look into the banking sector and how the current repo market crisis is related to the Too Big to Fail Banks on Wall Street and around the world. Recently there has been talk online about an impending banking collapse on October 14th, 2019. I tend not to give these predictions much credence but at the same time, I try to stay out of the banking system as much as possible.

My conclusion is that it's almost impossible to know exactly when the system might come down but that does not mean I should not be prepared for one as the current banking system is not safe as very little has been done to reform the system after the Great Financial Crisis of 2008.

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