New topic : international money transfers

submitted by Cancelthis from (self.Options)

Examples :

Between the member banks in Peking, San Francisco, Los Angeles, and Hong Kong.

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[–]Cancelthis[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Are we seeing the outcome of the fleeing of resources from Peking and Hong Kong [ and Shanghai ] to member banks in Los Angeles and San Francisco ?

Entirely possible.

This would explain, how, perhaps even beyond OMO, the source of cash not only for the 10 years, but also the elevated levels of confidence in today's noon auction of 5 years ? [ willing to open debate on that supposed confidence, but it looks like it is there - see the continued flow of cash into IBM, Intel, AMD, and into American Airlines - and into Sofi ]