{"id":12539,"date":"2015-11-17T21:21:24","date_gmt":"2015-11-18T02:21:24","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12539"},"modified":"2015-11-17T21:21:24","modified_gmt":"2015-11-18T02:21:24","slug":"the-multi-trillion-dollar-liquidity-problem-at-the-heart-of-the-global-financial-system-telegraph","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/17\/the-multi-trillion-dollar-liquidity-problem-at-the-heart-of-the-global-financial-system-telegraph\/","title":{"rendered":"The multi-trillion dollar liquidity problem at the heart of the global financial system | Telegraph"},"content":{"rendered":"

From Ben Wright at The Telegraph:<\/p>\n

Since the financial crisis, global financial regulators have rightly been attempting to make banks safer. They have done this by, for example, banning proprietary trading, making it harder to lend government bonds in the repo market and, most importantly, forcing banks to deleverage. <\/p>\n

One of the upshots is that it is now much more expensive for banks to hold securities on their own books and therefore provide liquidity in the market. Deutsche Bank recently noted that the amount of outstanding corporate bonds has doubled since 2001 but dealer inventories of these securities have fallen 90pc over the same period…..<\/p>\n

<\/a><\/p>\n

….as Bill Gross, the famous bond investor, said earlier, that risk hasn\u2019t been eliminated \u2013 it\u2019s just moved elsewhere in the system. <\/p><\/blockquote>\n

Read more at The multi-trillion dollar liquidity problem at the heart of the global financial system – Telegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From Ben Wright at The Telegraph: Since the financial crisis, global financial regulators have rightly been attempting to make banks safer. They have done this by, for example, banning proprietary trading, making it harder to lend government bonds in the repo market and, most importantly, forcing banks to deleverage. One of the upshots is that … <\/p>\n

Continue reading “The multi-trillion dollar liquidity problem at the heart of the global financial system | Telegraph”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-12539","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"\nThe multi-trillion dollar liquidity problem at the heart of the global financial system | Telegraph - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The multi-trillion dollar liquidity problem at the heart of the global financial system | Telegraph - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Ben Wright at The Telegraph: Since the financial crisis, global financial regulators have rightly been attempting to make banks safer. They have done this by, for example, banning proprietary trading, making it harder to lend government bonds in the repo market and, most importantly, forcing banks to deleverage. 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But it's not always an easy concept to explain or\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Reserves at the Fed","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-06-bankreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-06-bankreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-06-bankreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":19985,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/14\/to-infinity-and-beyond\/","url_meta":{"origin":12539,"position":1},"title":"“To infinity and beyond…”","author":"Colin Twiggs","date":"March 14, 2020","format":false,"excerpt":"I know that Fed Chairman, Jay Powell, looks more like Woody than Buzz Lightyear but please allow me some leeway. The New York Times reported Thursday that \"something weird is happening on Wall Street, and not just the stock sell-off\" : \"...reports from trading desks that many assets that are\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18922,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/18\/ny-fed-conducts-first-overnight-repo-in-10-years-as-rates-surge\/","url_meta":{"origin":12539,"position":2},"title":"NY Fed conducts first overnight repo in 10 years as rates surge","author":"Colin Twiggs","date":"September 18, 2019","format":false,"excerpt":"The last time that the New York Fed had to inject liquidity into financial markets via overnight repo operations was during the 2008 global financial crisis, when concerns over Bear Sterns and Lehman Bros were threatening to bring the financial system to its knees. From The Street: The New York\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1611,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/the-creeping-eurozone-credit-crunch-credit-writedowns\/","url_meta":{"origin":12539,"position":3},"title":"The Creeping Eurozone Credit Crunch | Credit Writedowns","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"During the 1997 Asian financial crisis, Japanese banks, getting killed with a falling Nikkei and their credit extended to Thailand and Indonesia, found that rolling off interbank lines to Korea the easiest way to shrink their balance sheets. American and European banks, not wanting to be the last out of\u2026","rel":"","context":"In "Japan & Korea"","block_context":{"text":"Japan & Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45774,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/29\/fed-stealth-liquidity-may-presage-early-rate-cuts\/","url_meta":{"origin":12539,"position":4},"title":"Fed stealth liquidity may presage early rate cuts","author":"Colin Twiggs","date":"November 29, 2023","format":false,"excerpt":"Commercial bank cash assets, representing reserves held at the Fed, reversed its down-trend after September 2022 -- when the UK gilt crisis occurred -- and is now edging higher, reflecting stealth liquidity support from the Fed and Treasury. Fed QT is reducing liquidity at the rate of $95 billion per\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Reserves","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-28-bankreserves.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-28-bankreserves.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-28-bankreserves.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":45437,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/17\/feds-stealth-liquidity-is-fueling-a-stock-market-rally-michael-howell\/","url_meta":{"origin":12539,"position":5},"title":"Fed’s Stealth Liquidity Is Fueling A Stock Market Rally – Michael Howell","author":"Colin Twiggs","date":"November 17, 2023","format":false,"excerpt":"Stocks are rallying despite slowing bank credit growth. Loans and leases by commercial banks (gray) may still be growing but are declining relative to GDP (blue below). Michael Howell from Cross Border Capital -- one of the few experts to correctly forecast a stock market rally in 2023 -- explains\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Commercial Bank Loans & Leases","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-17-bank-loansleases.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=12539"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12539\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}