Gold 2hr possible pattern option again

Modern Money Theory explains the bonds. Last QE rounds never produced inflation ( in their eyes) so they all trying this now. Can pay you to stay home for long long time

MMT says that a government doesn't need to sell bonds to borrow money, since that is money it can create on its own. The government sells bonds to drain excess reserves and hit its overnight interest rate target. Thus the existence of bonds, which Mosler calls "savings accounts at the Fed," is not a requirement for the government but a policy choice.

https://www.armstrongeconomics.com/international-news/germany/germany-to-suspend-democracy-for-one-year-as-state-of-emergency/

https://www.centralbanking.com/central-banks/financial-stability/7509306/new-york-fed-to-offer-1-trillion-per-day-in-repo-funding

etf starting to stress out

Oil bear flag

Armstrong speaks of 2 week bank holiday in Europe talk and switch to digital. Don't need tanks when the flu will do. 

SNAFU 

https://www.bloomberg.com/news/articles/2020-03-17/u-s-plans-to-keep-markets-open-considers-shorter-trading-hours

https://www.armstrongeconomics.com/international-news/disease/europe-banning-short-selling-insanity-continues/

FED gotta anti up nudder 1/2 trillion today for the repo

https://www.cnbc.com/2020/03/16/fed-says-it-will-offer-an-additional-500-billion-in-overnight-repo-funding-markets.html

almost like a setup for bank holiday when they switch it to digital. Don't need tanks in the streets when the flu will do...perfect time for it as world citizens all restricted from fleeing.

Borders closing, Justina says snowbirds get home asap 

https://www.rt.com/news/483266-canada-closes-for-non-residents/

KL bounce

Starbucks Canada now only 'to go' , took out all the chairs.

The problem is overseas , DB almost folded last week but Germany coughed up some change. More repo till it won't.

https://www.armstrongeconomics.com/world-news/central-banks/fed-announcement-speaking-in-tongues/

5.5 Trillion repo. ! 

https://www.centralbanking.com/central-banks/financial-stability/7504461/fed-floods-repo-market-with-55-trillion

The German government on Friday promised "unlimited" credit to help companies hit by the coronavirus pandemic, as part of a massive help package worth at least half a billion euros.

Potus going to speak soon, possible state of emergency. Should help break the diagonal support. 

Europe such a mess , all their money fleeing to USA markets, 19000  dow level then it goes. What happens when the fed cannot keep feeding the Europe banks with liquididty, peeps run out of bonds into hard assets....And why is Justin Trudeau staying home with his infected wife? Just sayin'

DB  derivative time bomb exodus

https://www.globalresearch.ca/bank-49-trillion-dollars-exposure-derivatives-melting-down/5684294