Can anyone comment on whether this has any significance relating to the fragility of the US monetary system: And explain what the liquidity risk is in that 2-day -- soon to be 1-day -- settlement period?
The trade settlement period will be shortened to one day beginning May 28, 2024.
Trades executed on or after May 28, 2024 will settle on the next business day (T+1) for most U.S. and Canadian securities traded on U.S. exchanges. Currently, the settlement period is two business days after the trade date (T+2).
New shortened settlement period reduces risk.
This is an industry-wide change for most security transactions, which includes stocks, bonds, municipal securities, exchange-traded products, unit investment trusts, certain mutual funds and limited partnerships that trade on an exchange. The T+1 settlement period may benefit investors like you by reducing credit and liquidity risks present between the trade date and the settlement date.
I think money manufacturing was much faster in 1923 in Germany. I have a 20 milliard (billion in English) mark stamp issued at that time. My stamp album had room for a 50 milliard mark stamp as well. When the final collapse of the mark took place late in 1923, the foreign exchange rate was 4 trillion marks to the US $.
Do you think Javier Milei has the right idea?
One can only hope he is successful and shows the way
Are we not in the most massive money manufacturing episode of human history?
great article, so true
VLADIMIR:
He didn't say for sure it would implode.
ESTRAGON:
And if it doesn't implode?
VLADIMIR:
We'll forecast implosion again tomorrow.
ESTRAGON:
And then the day after tomorrow.
VLADIMIR:
Possibly.
ESTRAGON:
And so on.
VLADIMIR:
The point is—
ESTRAGON:
Until it implodes.
VLADIMIR:
You're merciless.
-Samuel Beckett, WAITING FOR THE U.S. GOVERMINT DEBT IMPLOSION, 1985 to Now
Can anyone comment on whether this has any significance relating to the fragility of the US monetary system: And explain what the liquidity risk is in that 2-day -- soon to be 1-day -- settlement period?
The trade settlement period will be shortened to one day beginning May 28, 2024.
Trades executed on or after May 28, 2024 will settle on the next business day (T+1) for most U.S. and Canadian securities traded on U.S. exchanges. Currently, the settlement period is two business days after the trade date (T+2).
New shortened settlement period reduces risk.
This is an industry-wide change for most security transactions, which includes stocks, bonds, municipal securities, exchange-traded products, unit investment trusts, certain mutual funds and limited partnerships that trade on an exchange. The T+1 settlement period may benefit investors like you by reducing credit and liquidity risks present between the trade date and the settlement date.
Peter Schiff = he SELL gold but want to RECEIVE #Bitcoin lol
What goes up, must come down.
I think money manufacturing was much faster in 1923 in Germany. I have a 20 milliard (billion in English) mark stamp issued at that time. My stamp album had room for a 50 milliard mark stamp as well. When the final collapse of the mark took place late in 1923, the foreign exchange rate was 4 trillion marks to the US $.
The Federal Reserve does not plan on ever cutting Interest Rates. Here's why:
The Truth about Interest Rates & The Future of America
BY: what's the DILL?
https://open.substack.com/pub/blackboxpolitics/p/the-truth-about-interest-rates-and?utm_source=share&utm_medium=android&r=99p96
Peter Schiff = being wrong about bitcoin for 10+ years