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Market Update: "Bank Window" closes, Bond melt-up, Bond Inversion, Gold-Silver Spike, Bitcoin Spike!

Market Update: 3/11/2024

Emergency Fed bank effort ends lending, as eyes turn to discount window.

March 11 (Reuters) - A Federal Reserve facility launched in haste a year ago amid the heavy stress triggered by Silicon Valley Bank's collapse closes for new business on Monday, amid evidence it helped turn the tide of trouble that risked derailing the economy and upending the central bank’s efforts to lower inflation.

A year after the Bank Term Funding Program was unveiled on a Sunday afternoon -- when regulators feared a systemwide bank run might unfold the next day -- deposits have stabilized, bank loan books overall are growing, no bank of meaningful size has failed in 10 months, and the Fed was not forced to change its monetary policy footing.

The program “certainly worked” given the rebound of the banking sector, said Steven Kelly, associate director of research at the Yale School of Management's Program on Financial Stability.

But the sunset of new lending at the BTFP is raising questions about how the central bank will respond to the inevitable return one day of banking trouble. Kelly and others think the Fed would not want to go down this route again if it could avoid it. That’s bringing fresh attention to the Fed's discount window, its long-running and often shunned bank lending facility, seen as the lender of last resort.

The BTFP tackled a liquidity crunch after the world's first social media-induced bank run put SVB out of business in a matter of days, with a clutch of other banks failing in its wake. To ensure deposit-taking banks could get the money they needed, the BTFP offered loans on eligible collateral without the penalties usually imposed by Fed emergency lending, doing so on relatively cheap terms.

That configuration generated large amounts of borrowing even when the most acute phase of the crisis was in the rear view mirror. Jumps in borrowing at the discount window last spring quickly abated to normal levels while BTFP borrowing ground ever higher as banks appeared to be exploiting its low rate relative to other sources of short-term funding.

In late January the Fed shut down that arbitrage play, and new loans have all but dried up since, with the facility's credit outstanding holding at around the $160 billion mark.

The Shemitah Cycle runs from Sept. 26, 2022 to Sept. 9, 2029.

Dates to watch:

March 10, 2024 - Supermoon "Worm" Moon

March 10, 2024 - Ramadan Starts

April 8, 2024 - Total Solar Eclipse that finishes a large "A" over this country from "4" Solar Eclipses in the last 7 years.

August 21, 2017

June 10, 2021

Oct. 14, 2023

April 8, 2024 (April 9 - Nisan 1)

* Devil Comet is visible between April 8 - April 22, 2024 or Passover.

April 8, 2024 on my Timeline below shows a possible 6th Seal Event on April 8, 2024; with a signing of a 7-year treaty with the nations and Antichrist on April 20, 2024.

These "4" Solar Eclipses also form 2 "X's" over the United States. One over San Antonio, TX & one over Little Egypt, IL which also where the New Madrid fault zone.

April 8, 2024 - 6 planet conjunction-alignment over the planet, including sun and moon.

The Eclipse of April 8, 2024 also crosses 7 cities in the USA and 1 in Canada.

1). Ninevah, TX

2). Ninevah, MO

3). Ninevah, IN

4). Ninevah, OH

5). Ninevah, PA

6). Ninevah, VA

7). Ninevah, NY

8). Ninevah, Canada - in the provedence of Nova Scotia.

Ramadan runs from the Evening of Sun, Mar 10, 2024 – Tue, Apr 9, 2024.

2 things to keep watching is Hezbollah & Turkey in the next 2 months.

April 20, 2024 (Hitler's B-day) - signing of a 7-year treaty with the nations and Antichrist.

It is exactly 1260 days, 3 1/2 years, or 42 months from April 20, 2024 to Oct. 2, 2027; which falls on the Feasts of Trumpets or Fall Feasts.

Passover holiday begins before sundown on Monday, April 22, 2024, and ends after nightfall on April 30, 2024.

Psalm 90:10 Timeline Link - This is a new link updated 3/11/2024


God bless.

Time is short.

Repent and get right with Jesus.

Jesus is the only open door to the creator.

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