From Jeannie - TROUBLE with the Bank Financial System just got worse. (Settlement Day stuff)

Gregory Mannarino.

Lions…

Let’s cut right into it…

Treasury settlements are pulling cash out of the system RAPIDLY.

Here is how it works… When the US Treasury sells new debt, buyers don’t pay instantly. (In this case… it’s the Fed, buying nearly ALL OF IT).

So, on “settlement day,” the cash has to be delivered. That cash then leaves banks/brokers and goes into the Treasury…

Note from Jim - Settlement date is every Wednesday.