OOPS! Global CenBanks to enhance liquidity via USD-Swap line. Fed & five other CenBanks (ECB, SNB, BoJ, BoE, BoC) announced coordinated action on Sun to boost liquidity in their standing US dollar swap arrangements.
@Schuldensuehner Explain it for a fully vaccinated
@Schuldensuehner Manipulate like before death...
@Schuldensuehner Retail is about to get a shellacking. Readying my short position for the top.
@Schuldensuehner Swap lines won't fix the Eurodollar market.
@Schuldensuehner Why is it an OOPS? The last time central banks announced this was on 15th March 2020 and the S&P bottomed on 23rd March
@Schuldensuehner Interesting. Any signs of a Dollar-crunch? If so, why? U.S. regional bank-induced reservations of large U.S. correspondent banks or Credit Suisse-induced mistrust in non-U.S. banks?
@Schuldensuehner Coordinated effort. One system centralized system of control