Monthly Archives: March 2020

FED announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses. The FIMA Repo Facility will allow FIMA account holders, which consist

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From March 15 to March 21.2020, 3,3 million US workers filed for unemployment insurance!

Is this a clear sign of possible new Great Depresion? Well, if we take a look at the 2009 crisis data and this one from last week, we could be near that form. Acording to some analysts, US unempoyment rate might rise as high as 30% in the 2nd quarter of 2020. $2.2 trillion bill Congress passed so far, but

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