Fed Panics, Announces “Coordinated” Daily US Dollar Swap Lines To Ease Banking Crisis

BY TYLER DURDEN

 

“The market stops panicking when central banks start panicking”

In January 2022, just around the time the Fed announced it was launching its most aggressive tightening campaign since Volcker, we warned “remember, every Fed tightening cycle ends in disaster and then, much more Fed easing”

Remember, every Fed tightening cycle ends in disaster and then, much more Fed easing pic.twitter.com/zX7Dur8nLG

— zerohedge (@zerohedge) January 5, 2022

Fast forward to just over a week ago, when the Fed tightening cycle indeed ended in disaster when SIVB became the first (of many) banks to fail, triggering a chain of dominoes that culminated with today’s collapse of Credit Suisse – a systematically important bank with $600BN in assets.

 

 

 

READ FULL ARTICLE HERE…(zerohedge.com)

 

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