Jim’s Daily Rant. “Thar She Blows! Now She’s Diving!” It's Going Down Now (the big banks).
- Jim Costa
- 31 minutes ago
- 1 min read
Hal Turner Radio Show. Link
SOFR is not just a rate. It is the early warning system for systemic stress. When the world’s most important number collapses this fast, it means central banks are terrified.
They are easing into a recession they cannot admit is coming because this time, the very real risk is that it goes from Recession to Depression to the Great Unwinding.
[This means the Federal Reserve just opened Overnight LoanSee: Standard Overnight Funds Rate Plunges - Signals "Panic"
Hal Turner Radio Show. Link
SOFR is not just a rate. It is the early warning system for systemic stress. When the world’s most important number collapses this fast, it means central banks are terrified.
They are easing into a recession they cannot admit is coming because this time, the very real risk is that it goes from Recession to Depression to the Great Unwinding.
[This means the Federal Reserve just opened Overnight Loans to all their banks, probably for an unlimited amount, at an unreal low rate. They are trying to save the Central Banking system.
When the Fed Reserve changes their rates, it is between 2 and 4 basis points. Today the private rate to banks just dropped a stunning 30 basis points!]s to all their banks, probably for an unlimited amount, at an unreal low rate. They are trying to save the Central Banking system.
When the Fed Reserve changes their rates, it is between 2 and 5 basis points. Today the private rate to banks just dropped a stunning 30 basis points!]
