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- Officially over 20,438 people affected in China with over 425 deaths
- Spread to at least 23 countries
- 150 confirmed cases of the virus outside China with 11 confirmed cases in the US
- Originated from a Wuhan seafood market
- Originated from either bats or snakes
- First detected in Dec 2019
- Wuhan under strict lockdown (7th largest city in China)

Interactive Maps:
Johns Hopkins


Corona Tracker
FOX news
The Guardian


Coronavirus Map: Tracking the Spread of the Outbreak
How China's coronavirus outbreak started, explained
Everything you need to know about the coronavirus from China
Mapping the spread of the new coronavirus


Posted: 2020-02-03 21:43:43

- Fed will continue to intervene in repo market until Jan 2020
- Fed will buy $60 billion a month of short term bills
- Powell says, "This is not Q.E."
- Fed balance sheet starts rising and at a rapid pace

The Fed is extending its overnight funding operations through January 2020
Fed Unveils Plan to Expand Balance Sheet but Insists It’s Not Q.E.
Fed Brings a Bazooka to Its Fight With the Repo Market
Fed total balance sheet

Posted: 2019-10-12 12:12:12

- Short-term (overnight) borrowing through sale and repurchase of securities
- The sale of a security combined with an agreement to repurchase the same security at a higher price at a future date
- Securities are not considered a sale for tax purposes, but considered as collateral
- Money market funds significant player in repos
- Also used by broker-dealers, hedge funds and other institutional investors
- More than $1 trillion worth of overnight repo transactions collateralized with US government debt occurring every day

Wikipedia - Repurchase agreement
Why the Repo Market Is Such a Big Deal—and Why Its $400 Billion Bailout Is So Unnerving
Repo and Reverse Repo Agreements

Posted: 2019-09-24 21:49:57

- Money banks and credit unions borrow/lend to other banks/credit unions
- Overnight uncollateralized loans
- Federal funds target rate determined by FOMC
- Federal funds effective rate determined by market
- NY Fed operates on open market to make effective rate close to target rate
- Rate drops in recessions to stimulate economy
- Current volume around $50-80 billion daily

Wikipedia - Federal funds rate
Effective Federal Funds Rate
Federal Funds Data
Effective Federal Funds Volume

Posted: 2019-09-24 21:24:30

- Cash borrowed directly from the Fed
- Discount rate (currently at 2.50%) is set by the Fed
- Usually a percentage point above fed funds rate
- Collateralized overnight loan
- Generally little volume (less than $300 million each day)
- Considered the lending of last resort
- Since it's the loan of last resort, institutions are often stigmatized if they use this
- Influences the prime rate and Libor

Discount Window Borrowings of Depository Institutions from the Federal Reserve
Interest Rates, Discount Rate for United States
Federal discount rate
Federal Reserve Discount Rate

Posted: 2019-09-24 21:11:01

- Repo rates spiked to 8.5% last Monday
- The Fed injected $53 billion on Tuesday, $75 billion on Wednesday, $75 billion on Thursday, $75 billion on Friday.
- NY Fed will continue to intervene until Oct 10

Federal Reserve Cash Injections into Repo Market Continue Into Second Week
Here are 5 things to know about the recent repo market operations
Statement Regarding Repurchase Operations

Posted: 2019-09-23 23:34:15

The Greek word used for whale in Matt 12:40 is kētos.

[Mat 12:40 KJV] For as Jonas was three days and three nights in the kētos belly; so shall the Son of man be three days and three nights in the heart of the earth.

This is the same word used for the Cetus constellation. Although it's typically translated whale, the meaning is broader than that. It can mean a large fish, a whale, a shark, or a sea monster. The Greeks depicted Cetus as fish-like and serpentine with a long muzzle fighting Perseus.

"Cetus was commonly depicted by the Greeks as a hybrid creature. It had forefeet, huge jaws, and a scaly body like a giant sea serpent. Even though the constellation is also known as the Whale, the mythical creature in the depictions does not in fact look like a whale."

"To appease the sea god and the nymphs, Cassiopeia and her husband, King Cepheus, had to sacrifice their young daughter to Cetus, a sea monster sent by Poseidon to punish the king and queen, or watch the monster ravage their land. Andromeda was chained to a rock and left to the sea monster, but to her good fortune, the hero Perseus was passing by just as Cetus was about to devour her. Perseus rescued the princess and killed Cetus. He and Andromeda were later married."

An alternative theory to the traditional Jonah account is Jonah was lost at sea in the constellation Cetus for 3 days.

Cetus (mythology)
Jonah’s “Whale” Is a Constellation!
Cetus Constellation

Posted: 2019-08-17 11:00:25

- Negative interest rate debt hits $17 trillion
- Subzero interest rates in other countries causing inflow of purchases of US Treasuries
- Fed trying to catch up by lowering Fed funds rate and not have it too inverted

US 30Y Yield Tumbles Below 2.00% For The First Time Ever
Negative yields: Charting the surge in sliding rates
Three Ways to Profit From $17 Trillion of Negative-Yielding Debt

Posted: 2019-08-15 23:18:04

- Hack of Capital One was done by Paige Adele Thompson.
- 100 million accounts were affected.
- Paige worked at Amazon in S3 from 2015-2016.
- Capital One had misconfigured their S3 firewall and apparently it was easy to get access into.
- Paige is a transgender woman that went by handle "erratic"
- Paige put information from S3 onto her own GitHub account.
- Someone found the suspicious info on the GitHub account and tipped Capital One.
- Data was encrypted and Paige did not seem to be able to decrypt it.
- Thompson was charged with a single count of computer fraud Monday and faces a maximum penalty of five years in prison and a $250,000 fine.
- The company said it will offer free credit monitoring and identity protection to those affected and estimated the breach would cost as much as $150 million.
- Appears Paige was motivated more for personal fame than selling the data

The Capital One breach is more complicated than it looks
Who Is Paige Adele Thompson (Capital One Data Hacker) Bio, Wiki, Age, Arrest, Charges, Linkedin, Twitter
Trans woman identified as the Capital One hacker went by the name ‘Erratic’ on Twitter, other platforms

Paige Adele Thompson: 5 Fast Facts You Need to Know
Trans woman identified as the Capital One hacker went by the name ‘Erratic’ on Twitter, other platforms
Seattle Tech Worker Arrested for Data Theft Involving Large Financial Services Company
Suspect in Capital One breach threatened to 'shoot up' California social media company, feds say

Posted: 2019-08-01 13:49:11

[Mat 6:7 KJV] 7 But when ye pray, use not vain repetitions, as the heathen [do]: for they think that they shall be heard for their much speaking.

The Greek for "use vain repetitions" is battalogeō. It is found only once in Matthew 6:7.

Other translations, translate it "babble on", "heap up empty phrases", "meaningless repetition".

Outline of Biblical Usage defines it as:
1. to stammer
2. to repeat the same things over and over, to use many idle words, to babble, prate. Some suppose the word derived from Battus, a king of Cyrene, who is said to have stuttered; others from Battus, an author of tedious and wordy poems

Wiktionary defines it as:

1. stammer
2. speak idly

"Behind the word is the practice of the heathen who developed long lists of divine names, hoping that by endless repetition they would somehow invoke the name of the true god and receive what they wished. To know and pronounce correctly the name of a god was thought to provide the power to manipulate that god."

Posted: 2019-07-24 23:12:40

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