More stuff coming out of the firehose of the cascading catastrophes
Some European central banking and supervisory officials are questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a bedrock o…
More stuff coming out of the firehose of the cascading catastrophes
Some European central banking and supervisory officials are questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a bedrock of financial stability.
The sources told Reuters they consider it highly unlikely the Fed would not honour its funding backstops — and the U.S. central bank itself has given no signals to suggest that.
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But the European officials have held informal discussions about this possibility - which Reuters is reporting for the first time - because their trust in the United States government has been shaken
In some European forums where participants assess potential risks to the financial system, these officials have discussed scenarios under which the U.S. government might pressure the Fed to suspend the dollar backstops, two of the sources said.
A major winner is Europe. For the first time since 2021, eurozone stocks are seeing big inflows. Investors seem to see better value in European companies. They also expect stronger earnings growth, helped by government spending in places like Germany.
Bull Crash”: Big Money Is Leaving U.S. Stocks at a Pace Never Seen Before
A new survey from BofA Global Research shows that investors have cut their U.S. stock holdings more than ever. The shift is so big that some experts call it a “bull crash.”
LSEG Lipper data showed that U.S. equity funds generated a net $2.25 billion in sales during the week as investors divested out of these funds for a fifth out of six weeks.
Agents reassigned: Thousands of federal agents are being enlisted to take on new work as immigration enforcers, pulling crime-fighting resources away from other areas — including drug trafficking, terrorism, sexual abuse and fraud.
Migrant 'parole': pinocchio administration will revoke the temporary legal status of 530,000 Cubans, Haitians, Nicaraguans and Venezuelans in the US, according to a Federal Register notice, the latest expansion of his crackdown on immigration.
More stuff coming out of the firehose of the cascading catastrophes
Some European central banking and supervisory officials are questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times of market stress, six people familiar with the matter said, casting some doubt over what has been a bedrock of financial stability.
The sources told Reuters they consider it highly unlikely the Fed would not honour its funding backstops — and the U.S. central bank itself has given no signals to suggest that.
AND
But the European officials have held informal discussions about this possibility - which Reuters is reporting for the first time - because their trust in the United States government has been shaken
In some European forums where participants assess potential risks to the financial system, these officials have discussed scenarios under which the U.S. government might pressure the Fed to suspend the dollar backstops, two of the sources said.
A major winner is Europe. For the first time since 2021, eurozone stocks are seeing big inflows. Investors seem to see better value in European companies. They also expect stronger earnings growth, helped by government spending in places like Germany.
https://finance.yahoo.com/news/exclusive-european-officials-weigh-rely-091457687.html
AND
Bull Crash”: Big Money Is Leaving U.S. Stocks at a Pace Never Seen Before
A new survey from BofA Global Research shows that investors have cut their U.S. stock holdings more than ever. The shift is so big that some experts call it a “bull crash.”
https://www.theglobeandmail.com/investing/markets/stocks/DB/pressreleases/31452808/bull-crash-big-money-is-leaving-us-stocks-at-a-pace-never-seen-before/
AND
Investors pull out of US equity funds
LSEG Lipper data showed that U.S. equity funds generated a net $2.25 billion in sales during the week as investors divested out of these funds for a fifth out of six weeks.
https://www.reuters.com/markets/us/investors-pull-out-us-equity-funds-second-successive-week-2025-02-14/
AND
Agents reassigned: Thousands of federal agents are being enlisted to take on new work as immigration enforcers, pulling crime-fighting resources away from other areas — including drug trafficking, terrorism, sexual abuse and fraud.
Migrant 'parole': pinocchio administration will revoke the temporary legal status of 530,000 Cubans, Haitians, Nicaraguans and Venezuelans in the US, according to a Federal Register notice, the latest expansion of his crackdown on immigration.
https://www.reuters.com/world/us/thousands-agents-diverted-trump-immigration-crackdown-2025-03-22/