Lads, you might remember a few weeks ago there were several posts on here about a sharp drop in the interbank loans rate, as shown in pic related, and how there was general discussion about how something as significant as this had not been covered in the mainstream media, even on market-orientated news sites such as Bloomberg or the FT.
Well the plot thickens, FRED (the federal reserves official economic data) has now discontinued this data (i.gyazo.com/f042ec9e3af3c6eb0cb9a2abf11b1187.png) with them no longer make public their interbank lending figures, but even more concerningly THEY HAVE RETCONNED THE CHART!
Come here and see for your self, fred.stlouisfed.org/series/IBLACBW027NBOG, the chart now ends on the 27th of December - the day before the massive drop off, with no trace of the drop off existing.
Such a drop in the interbank rate is already concerning enough, to quote wikipedia ' A sharp decline in transaction volume in this market was a major contributing factor to the collapse of several financial institutions during the financial crisis of 2007.' But this cover up makes me even more concerned, is something habbning?
VOLUME DROPPING, ORDER BOOKS GETTING THIN, BOOMERS
TETHER UP
William White
>But this cover up makes me even more concerned, is something habbning?
Yes. It's been obvious for a couple of weeks now, due to S&P 500 and DJI going down. Expect a massive stock market crash around april. This will not affect crypto all that much however (money will flow from stocks to cryptocurrencies, look forward to a longish consolidation/accumulation phase).
Eli Gutierrez
G-give me a n-n-non conspiracy answer to this lads... t-they made an error right? That's why it's been scrubbed right guys? y-yeah that sounds about right...
Jose Cooper
if you are so worried about a stock market crash, you have too much money in stocks.
Luke Jones
This is much more serious than just a stock market crash
Hudson Taylor
Wtf how do we get this information out there? What's Peter Schiffs email?
Logan Howard
GoldShillAnon is Peter Schiff retard
Justin Gonzalez
>dubs of truth shit their on to me
Andrew Moore
>fred.stlouisfed.org/series/IBLACBW027NBOG >BLAC BOG it's all part of their plan, isn't it they're going to crash the economy to make the boomers run to crypto pump bitcoin to 100k then unlock the nakamoto wallet and dump it to 0 greatest transfer of wealth in history
Cooper Cox
IBM is making a central bank coin currently, they said its less than 12 months away. They are going to crash the current system then force everyone to get microchipped with a fedcoin wallet, then every transaction you do will be tracked. The Bible prophesized this 2000 years ago.
Hudson Butler
XLM, considering they are using it for all their fintech crypto shit
Samuel Walker
Bump
Aiden Peterson
a truly underrated post
Jose Garcia
Way to ruin your credibility (besides tripfagging)
Christopher Carter
how have I ruined my credability, the ibm thing has been posted her about 1000 times
Dominic Roberts
user, anyone who was paying attention knows what is happening to the "smart" money at the very-near-top.
Its bleeding out.
Credit Suisse discontinues XIV to the tune of a $50 Million and propping up preposterous "short vol" trades that had been the "end of easy money"
Deutsche Bank has to lay off 250+ high up money-movers, seeing their margins cut out by bot traders...
meanwhile retail investors/ mommy and daddy have become more and more likely to pull out and slip through to the realm of crypto..
DJI shits itself twice in a week...
Emerging markets set to outperform S&P and Dow Jones
Be prepared for testing times.
Samuel Rodriguez
yes user
Ian Torres
Yea this is definitely of interest but we didn't even found a plausible explanation for the drop the last time it was posted. I mean, good to know it has beed discontinued but we can't do much. I don't know why this happened, I don't know which link it could have with other metrics, if it is significant or not. We are too much brainlets to make money out of it, except maybe short stock market
Henry Carter
>doomsday gold shill
lol color me surprised. nothing new guys just move along
Jonathan Perry
500 Million loss* for Credit Suisse
Joshua Ward
I think there was 1.2 billion in their inverse vix note, don't fact check me on that though
Matthew Scott
youve been watching too many conspiracy youtubers this is literally nothing
Jack Evans
please explain how a complete interbank credit crunch is in anyway not doomsday worthy
Hudson Wilson
>credit crunch >no mention in msm >data discontinued >data airbrushed
Yeah this is nothing
Nicholas Foster
>how hard (((they))) are sliding this nothing to see here move along go talk about your bitcoins and ripples goy
Blake Mitchell
who bites the dust and whos gonna make the trade that shorts them? hmmmmmmm
Noah King
Well time to buy RMB, Gold and XMR. See you lads in the Cayman Isles
Christopher Martin
maybe the drop was because of discontinued data?
Nicholas Edwards
XMR ZCL and Starkist tuna
Ayden Roberts
>He doesn't know that that was exactly what happened in the most crucial hours during the GFC. >He doesn't know that interbanking lending freeze is what a global financial crisis is.
Kayden James
no, it wasn't
Jeremiah Cooper
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003) and a proposal to extend for three years, with revision, the voluntary Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644; OMB No. 7100-0075). The FR 2644 revisions are effective as of January 3, 2018. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number.
Camden Young
whats the source of this?
Ryder Rodriguez
>This series has been discontinued with implementation of the Federal Reserve Board's notice published in the Federal Register, 82 FR 49207 on October 24, 2017
>credit crunch are you fucking retarded or insane?
>re mentioning the same shit again great, it means nothing
Benjamin Watson
thanks
Robert Sanders
To be honest, if that data is correct and it's not a glitch , then everyone is fucked and we would be days away from a complete breakdown of the world economy and BTC would be 150k next week although i cannot believe it somehow.
Jose Harris
federalreserve.gov/releases/h8/ They stopped including interbank loans from the 19 of January. federalreserve.gov/releases/h8/20180112/ And look at this, on the 5 of January release, they say > Interbank loans, will no longer include Fed funds sold and reverse RPs with banks. Could it explain the drop ?
Justin Collins
tbf this data is almost 2 months old now
Wyatt Allen
Inflation is coming. Plan accordingly. Look at previous inflationary periods. The only difference is rates are historically low so who knows what the rebound can be. Wage inflation is usually the last step, if you notice, we are here now. My advice is to protect your wealth, wait for assets to plummet, buy them cash...ie real estate.
I'll take eth donations in a few years for saving you guys
Nolan Richardson
the drop was between the 27th of December and 3rd of January though
Noah Young
Yup, data disappeared. On the 12 release, which was supposed to include the drop, interbank loans got removed
Anthony Long
yup. Bitcoin will soon explode up to 100k solely due to fiat inflation.
Aaron Robinson
I think it was a glitch due to the data being discontinued. The discontinuation was planned, so in no way they could have expected int. bank loans to drop just the week they removed the data. Case settled.
Daniel Jenkins
I truly believe that microchips are less than ten years away. Muh security and muh personal finance will convince people to do it voluntarily
Jace Nelson
>oh no he mentioned the Bible >better disregard everything! Gnostic atheists are more obnoxious than their theist counterparts.
Gabriel Lee
By saying that they want to microchip everyones hands. And I'm not an atheist either you fucking fedora tipping faggot
Gavin Clark
Can anyone think of any innocent explanations for this? It looks pretty shady to me.
Hudson Kelly
...
Aiden Sanchez
Bumping
Chase Edwards
>I'm not an atheist either If your not an atheist read the bible and you will see that microchipping isn't farfetched
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Brandon Price
necrobump
Zachary Gomez
Stock up on chancoin. It's our way of holding hands. And by holding I mean rubbing.
Dylan Lewis
i posted this yesterday but it got no attention is this as big a deal as it looks like or can someone conveniently explain away why this isn't an issue anymore? because it looks pretty bad to me
Juan Morales
This is the cause of extremely low interest rates, 2008 was supposedly a deleverageing but as you can see there was no develeveraging. The fundamentals are even worse now than 2008
Jace Watson
bump
Josiah Jackson
We are reaching the end of a 70/80 year debt cycle, it has to bust but central banks will fight tooth and nail to prevent it happening on their watch
Adrian Reyes
I'll help. It looks bad because you don't fully understand the implications, if you did you'd know it's a lot worse than it looks. >retarded boomers >muh Bitcoins is a bubble >muh Bitcoins is a scam
Xavier Diaz
until it does.
Josiah Hernandez
...
Thomas Green
Debt levels are historic, rising interest rates will cause a big crash
Nathaniel Allen
God's giving us millennials an opportunity to finally own houses.
Charles Ramirez
How to play off this crash? Convert everything into cash?
What are we supposed to do to survive and thrive off this?
Colton Hughes
>greater than 100% what the FUCK
Sebastian Gonzalez
non debt based assets. BTC, Gold, Maybe some Blue chips
Brody Adams
Food /farming too
Jason Ortiz
Slide it
Tyler White
this is what I thought but it's good OP reminded everyone
Adrian Parker
Through the end of 2017, the Fed tracked "interbank loans" which included "Fed Funds and reverse repos with banks" and "loans to commercial banks"; starting in 2018, the Fed is now tracking "Federal Funds and Reverse Repo" for bank and non-banks together (one number) and breaking out "Loans to commercial banks separately"; as a consequence, it looks like the chart you showed basically had the Feds data feed of Fed Funds and Reverse repo with banks + loans to commercial banks through 12/31/17 and subsequently it is only picking up "loans to commercial banks" because "Reverse repo with banks" is no longer reported as a standalone. I track the Fed H8 report every week which is why I noticed the change in reporting classifications across years.
Fed Funds and Reverse Repo is getting tighter which is still news worth but it didn't suddenly drop by 90% in a week.