u/pinkcatsonacid, u/Bye_Triangle can we get u/MJL_16 flair as "Graph Guy"?
And I didn't realize that u/pctracer wasn't already "Repo Guy", maybe give him that flair?
Haha for sure, we can share that flair no doubt 🤝! And nah I been HODL since Jan. Yolo’d every dime of my 401k and brokerage accts in GME. 😬 (not actually worried tho, hedgies r fuk…)
💎🤲🚀
Funny you should mention it. When I was trying to explain the GameStop Grand Unified Theory to a newbie, they eventually got it and replied "so it's like in Wreck-It Ralph, where he bashes that Mentos mountain, setting off a chain reaction that causes a huge eruption! The shorts getting margin-called is like the final big impact that sets it off!"
It's something silly like $1.8k for every *billion* deposited, so that $10b just netted them roughly another $18k in interest.
I mean money is money, just doesn't seem like the kind of money that they would expend extra effort for.
EDIT: Sigh FINE I will do the math instead of eyeballing off memory.
$1b at 0.05% is $500k interest per year, or $1,369.86 per day (divide by 365).
Another $10b from under the sofa would net them a total of $13,698.63.
Happy?
The 0.05% isnt the goal.
This is a safe haven if the market crashes in the pre market.
They need to show 0 liquidity in times like these.
The 0.05% honestly, i feel is a thread to pull and waste time on.
The truth is the participants are looking a for a way to sleep easy at night.
I think it's more then that...I suspect (with absolutely no evidence mind you) that this is how the fed is laundering garbage failed CMBS's (by buying them through QE) then offering ON RRP to meet collateral requirements... that way they can get two birds stoned at once and deal with the massive liquidity issue they have (too much cash) and deal with the failing bonds...its not sustainable by any means (I think...I've been wrong before) but that's what is suspect is happening...if I'm right it might save the banks that were fucked by the CMBS failure but not the banks that are short on GME....but the venn diagram of banks fucked by both might be a circle (hence the correlation between ON RRP and GME)
Look at the time on the RR
It's the bottom line of End of Day that gets reported.
That money, which could be liquid is marked allocated.
For it to be marked as "invested" throw in that 0.05%
Hypothetically- market crashes early morning, hits at 930, during business hours. They have 4 hours to move that money out.
That money is untouchable until 1 or so, where they move it out, instead of back in as liquid.
Edit: GME is the hair that broke the back of the camel. Remember they are dealing with all the luggage that's falling of said camel. And big possibility camel is ded.
Not disagreeing with you I am sure that is one of the things it it's being used for....but since there are indications that the Fed has merged balance sheets with someone I think that there is more to the story then meets the eye...and a bank that shorted GME for quick cash was probably using CCC CMBS as collateral for margin requirements for that position.. individually the 2 circumstances are survivable but I'm willing to bet that the vast majority of banks short GME are also holding toxic bonds that the Fed wants to prop up, and buying their garbage at over inflated prices, then lending them actual collateral through an RRP to disappear the garbage seems like a good play for the Fed, since it also allows them to suck some of the massive amount of cash they dumped in the system during covid... probably won't work for long but some of the less fucked banks (say a bank that only was going to fail due to bad CMBS's) might survive
This is getting out of hand. It’s like the titanic when they’re trying to stop the ship from sinking but are now realizing that their watertight bulkheads aren’t water tight and they are indeed sinking.
[Cause I’m Dr. Stonk 🦍](https://www.reddit.com/r/Superstonk/comments/o4ziy1/srnscc2021002_in_effect_starting_wednesday/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
I am taking this data from the FED website: https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=12/31/2025
It’s the whole “too much cash is bad thing” that I don’t get. I just have very little knowledge on how money works. If you’re right that it’s a sign that a big crash is coming, then that’s the take home message I need. I just wish I understood it on a fundamental level but I believe that’ll require hours and hours of reading. I just love the stock…
So I'm a moron and doing my best to read what I can, when I can. Life is busy. But I hafta ask; if everything goes to shit, why doesn't GME go to shit too?
Is it because if the economy went down the shitter, then the MOASS must trigger? Thereby making GME moon?
I really am financially retarded, I am just trying to understand things. Thanks. I see the occasional post about RRP but barely get it. This comment chain has explained it well at my level of understanding.
Cash bad. Cash seen as liability, so they wanna swap it out for coupons called bonds. Institutions/banks/funds trade cash for valuable bonds with Fed. They Hold bonds for collateral (margin).
They need more and more every day to stay afloat.
They're NEEDING more and more bonds to stay within margin requirements. Bad sign. If they were cruising, they wouldn't need more and more bonds to stay okay. If fed says give bonds back here is your cash back, they're in trouble.
I reserve the right to be wrong and a total fucking moron. That's just how I understood it.
I‘m too smooth brained to understand it so imma ask it and hope for a good answer:
Where does the new money for the new record come from? Does the Federal Reserve Prints it and invests it into this „pot“?
Finally a sanctuary. Ngl this sub really Feels different than everything I witnessed so far in my life and I love it. Hopefully it stays like this.
Thanks for your kind words!
>SuperSaiyanTrunks
>
>My understanding is that when you're rich you want to spread your cash around. Imagine if all your money was in a single bank. Economy is shit and that bank goes under. You lose all your money. So you store it in various banks. Various land investments. Various stocks. Etc. Etc. The problem is that they have no where to store their cash right now. They know there's a huge crash coming and they would lose a ton of money if they invest it anywhere. Dont want it in those shaky banks either. So they store it with the fed in the form of bonds for 24 hours, then get the cash back. Rinse and repeat. The higher the reverse repo is, the more nervous the big players are. Again, that's just how this smooth brain understands it. I also just like the stock!
Someone else posted this. This is first one that anything clicked for me about the whole reverse repo thing.
I already have him labelled as such on ["The List"](https://old.reddit.com/r/Superstonk/comments/nzzpdy/i_guess_im_the_guy_that_makes_lists_now_so_lets/) but the mods should give him a special flair
This makes me sick… everyone is so fucked…(the royal) we here need to be greedy and actually show off them diamond hands to save everyone we can, the financial system right now is the titanic (the best ship in the world) until it hits an iceberg (2008) but instead of telling people to get to the lifeboats the captain just turned the bilage pumps on full blast and kept pumping the water that was flowing in, back out but one of the pumps just went out (Covid) and now more water is coming in than leaving. And we are the lifeboats trying to tell the people to get on.
Only issue is no one listens to in-adamant-objects
Ah repo guy I found you. I was looking everywhere for you. I looked in rising, I looked in new, I even liked in top in the last hour. And you were in hot all along!
*NEW HIGH SCORE* 😎🤑
So far
Buckle Up!
Maybe theyre trying to get to a trillion so they can be the first trillionaire (except with debt)
US national debt: Am I a joke to you?
I mean.. some of us have negative karma farmed before...
i believe my share will beat the high score.
HIGH SCORE?!? What does that mean? Did I break it??
|Date|Amount ($B)|Participants|Average ($B)|Rate| |:-|:-|:-|:-|:-| |May 26|450.283|46|9.788|0| |May 27|485.329|50|9.706|0| |May 28|479.498|50|9.589|0| |June 1|447.985|43|10.418|0| |June 2|438.778|46|9.538|0| |June 3|479.102|40|11.977|0| |June 4|483.349|42|11.508|0| |June 7|486.097|46|10.567|0| |June 8|497.428|46|10.813|0| |June 9|502.904|59|8.523|0| |June 10|534.943|54|9.906|0| |June 11|547.808|49|11.179|0| |June 14|583.892|59|9.896|0| |June 15|509.559|45|11.323|0| |June 16|520.942|53|9.829|0| |June 17|755.800|68|11.114|0.05%| |June 18|747.121|61|12.247|0.05%| |June 21|765.141|68|11.252|0.05%| [Reverse Repo Operations - Explaining Their Purpose](https://www.reddit.com/r/Superstonk/comments/o27k2h/reverse_repo_operations_explaining_their_purpose/)
[TRENDED GRAPH](https://imgur.com/gallery/DNgEKFt)
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This guy graphs
He’s like a TI 89.
This guy guys
This guy RRP’s
😹
Thinking of adding some interactive visualizations of this data to Quiver, seems like a graph similar to this would be a good place to start.
Lemme know if you want the data/spreadsheet and I can email wherever 👍
Thanks! I'll probably write up some code to grab the data, but I appreciate the offer.
Np, offer’s always open ✌️
You use code to grab web data? 😅
You dont?
I point and shoot baby. Code is for nerds
🔥this is fine🔥
Thanks! (as always 😎)
Just trying to help where I can. 😎 /u/pctracer= Repo Guy /u/LeftHandedWave = Table Guy /u/MJL_16 = just happy to help guy, lol 🚀🚀🚀🚀🚀🚀
Nice of you, Graph Guy!
u/pinkcatsonacid, u/Bye_Triangle can we get u/MJL_16 flair as "Graph Guy"? And I didn't realize that u/pctracer wasn't already "Repo Guy", maybe give him that flair?
Me, waiting patiently for a month and a half of Flair Friday's, to just get "Evading Cupful Eke" as a flair.
👍👍👍👍
Did I get you to join us from Twitter? I feel like I’m partially responsible lol
Haha for sure, we can share that flair no doubt 🤝! And nah I been HODL since Jan. Yolo’d every dime of my 401k and brokerage accts in GME. 😬 (not actually worried tho, hedgies r fuk…) 💎🤲🚀
*Repo Man 😉
Shit is about to pop like a mentos coke rocket
The mentos were added a long time ago then had the lid glued on. The glue ain't gonna hold much longer.
"Sir, we're all out of Elmer's glue!!" Ken: "bring out the mayo.."
No Ken! We don't have time for your mayo self-pleasuring!! We have a real crisis on our hands dammit!
Funny you should mention it. When I was trying to explain the GameStop Grand Unified Theory to a newbie, they eventually got it and replied "so it's like in Wreck-It Ralph, where he bashes that Mentos mountain, setting off a chain reaction that causes a huge eruption! The shorts getting margin-called is like the final big impact that sets it off!"
Cramer Coke Rocket
The hero we needed 🙏
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Glad I could help, LeftHandedToe!
Thanks, table guy! Was waiting for ya to post! :)
Yooo, how many participants are there?
Calls on a strike price of 1trillion by Thursday 🚀
Do you need to buy practically ITM? If not, try 2t
002 kicks in Wednesday... Not sure if they will be able to abuse reverse repos when it happens...
They will find a way
That's why chase is just locking it away in people's accounts 🤣 they found a new way to call their cash an asset.
If 002 shuts this process down that will be a huge freaking deal, no?
What is 002? New repo rate?
68 counterparties again but they managed to dig up another $10b, interesting.
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Sofa king huge
Bill Yinsen, Bill Yinsen, Bill Yinsen, Bill Yins-.....
I sat here muttering Bill Yinsen to myself for far too long.
Same.
I am...sofa...king... Re, tod... Ed
We Todd Ed
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Hold your applause, they break God's laws and who pays? The taxpayer that's who
Billywitchdoctor.com One convenient locations. In Africa.
Sitting there on a buddies couch, after sharing a joint, binge watching that. Those were simpler times
Nope, just a double decker couch.
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It's something silly like $1.8k for every *billion* deposited, so that $10b just netted them roughly another $18k in interest. I mean money is money, just doesn't seem like the kind of money that they would expend extra effort for. EDIT: Sigh FINE I will do the math instead of eyeballing off memory. $1b at 0.05% is $500k interest per year, or $1,369.86 per day (divide by 365). Another $10b from under the sofa would net them a total of $13,698.63. Happy?
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huh TIL. Thank you for the new wrinkle!
The 0.05% isnt the goal. This is a safe haven if the market crashes in the pre market. They need to show 0 liquidity in times like these. The 0.05% honestly, i feel is a thread to pull and waste time on. The truth is the participants are looking a for a way to sleep easy at night.
I think it's more then that...I suspect (with absolutely no evidence mind you) that this is how the fed is laundering garbage failed CMBS's (by buying them through QE) then offering ON RRP to meet collateral requirements... that way they can get two birds stoned at once and deal with the massive liquidity issue they have (too much cash) and deal with the failing bonds...its not sustainable by any means (I think...I've been wrong before) but that's what is suspect is happening...if I'm right it might save the banks that were fucked by the CMBS failure but not the banks that are short on GME....but the venn diagram of banks fucked by both might be a circle (hence the correlation between ON RRP and GME)
Look at the time on the RR It's the bottom line of End of Day that gets reported. That money, which could be liquid is marked allocated. For it to be marked as "invested" throw in that 0.05% Hypothetically- market crashes early morning, hits at 930, during business hours. They have 4 hours to move that money out. That money is untouchable until 1 or so, where they move it out, instead of back in as liquid. Edit: GME is the hair that broke the back of the camel. Remember they are dealing with all the luggage that's falling of said camel. And big possibility camel is ded.
Not disagreeing with you I am sure that is one of the things it it's being used for....but since there are indications that the Fed has merged balance sheets with someone I think that there is more to the story then meets the eye...and a bank that shorted GME for quick cash was probably using CCC CMBS as collateral for margin requirements for that position.. individually the 2 circumstances are survivable but I'm willing to bet that the vast majority of banks short GME are also holding toxic bonds that the Fed wants to prop up, and buying their garbage at over inflated prices, then lending them actual collateral through an RRP to disappear the garbage seems like a good play for the Fed, since it also allows them to suck some of the massive amount of cash they dumped in the system during covid... probably won't work for long but some of the less fucked banks (say a bank that only was going to fail due to bad CMBS's) might survive
This is getting out of hand. It’s like the titanic when they’re trying to stop the ship from sinking but are now realizing that their watertight bulkheads aren’t water tight and they are indeed sinking.
*When can we get underway? Damn it!*
Ken: "pay no attention to all that. Remember now, this ship is UNSKINABLE. Theres just no way."
Too big to fail??/?
"our fleshy masts will shurely carry us to chafety"
They were watertight, it's just that it could only withstand 4 sections being flooded and Titanic suffered a 5 section flooding.
Waiting on that list someone usually puts in the comments that shows what it’s been over the last few weeks. To compare how it’s gone up.
its up
Thanks!!
Bias: confirmed
Tits: Jacqued? Oh my, oui.
Our guy 🔬table guy 👨🔬
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Now do for every share!
About tree fiddy
002 goes into effect Wednesday. Tomorrow is gonna be 🌶 BUCKLE THE FUCK UP APES! 🚀🚀🚀
I’m kinda expecting a calm before the storm. Sideways trading at 195-205 all day.
Talk to sideways trading guy... any thing under 1 million? Yup, you guessed it, trading sideways.
002 is the liquidity test right ? How will this affect participants ?
002 is computer looking at books and if books are fucky they get 1hr margin call, or something like that
hey, like us
How do you know it’s Wednesday?
[Cause I’m Dr. Stonk 🦍](https://www.reddit.com/r/Superstonk/comments/o4ziy1/srnscc2021002_in_effect_starting_wednesday/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Doc! I've got this weird rash. What should I do? Buy more GME
Confirmation bias!
Shit’s getting spicy yo
🌶🌶🌶
Fuck! I was off by almost a quarter of a trillion!
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> Damn, that's like ~~10,000~~ 1,000 GME shares mate, you fucked up **FTFY**
Winner winner, illiquid dinner
It tastes like poison!
👈🤠👉 *blows smoke off gun*
Chuckles. We're in danger
damn what a busy monday. the economy is gonna collapse soon isn't it?
Haha, we’re in danger.
🙃
GameStop giving true power to these players, they keep breaking records!
[Huh...](https://media.giphy.com/media/n4GnKL68ol0ty/giphy.gif)
“But this ship can’t sink!” “She’s built on leverage, sir. I assure you, she can. And she will.”
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I am taking this data from the FED website: https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=12/31/2025
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You are welcome!
NEW HIGH SCORE!!!
What’s that mean? Did I break it?
So much people needs to go to jail
No matter how many times I read explanations, I'll never get why this matters
I’m not saying it’s aliens… BUT IT’S ALIENS! 👽🛸
Hahaha… same. I asked on another thread for what it meant and I got some very comprehensive responses. Still no closer to understanding it’s relevance
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It’s the whole “too much cash is bad thing” that I don’t get. I just have very little knowledge on how money works. If you’re right that it’s a sign that a big crash is coming, then that’s the take home message I need. I just wish I understood it on a fundamental level but I believe that’ll require hours and hours of reading. I just love the stock…
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That idea makes sense to me. My ultra smooth frictionless brain is threatening to form a wrinkle after that! Thanks.
So I'm a moron and doing my best to read what I can, when I can. Life is busy. But I hafta ask; if everything goes to shit, why doesn't GME go to shit too? Is it because if the economy went down the shitter, then the MOASS must trigger? Thereby making GME moon? I really am financially retarded, I am just trying to understand things. Thanks. I see the occasional post about RRP but barely get it. This comment chain has explained it well at my level of understanding.
Cash bad. Cash seen as liability, so they wanna swap it out for coupons called bonds. Institutions/banks/funds trade cash for valuable bonds with Fed. They Hold bonds for collateral (margin). They need more and more every day to stay afloat. They're NEEDING more and more bonds to stay within margin requirements. Bad sign. If they were cruising, they wouldn't need more and more bonds to stay okay. If fed says give bonds back here is your cash back, they're in trouble. I reserve the right to be wrong and a total fucking moron. That's just how I understood it.
It’s ok fellow smooth brain ape🦍 You’re buckled up, just enjoy the ride.
You’re safe here ❤️
I‘m too smooth brained to understand it so imma ask it and hope for a good answer: Where does the new money for the new record come from? Does the Federal Reserve Prints it and invests it into this „pot“?
no the banks give it to the fed. it's Reverse Repo
And the banks get it from shorting? They have to get it somewhere from right? I‘m sorry but I‘m kinda retarded
Don't you ever excuse your tardiness here fellow ape. This is your safe place.
Finally a sanctuary. Ngl this sub really Feels different than everything I witnessed so far in my life and I love it. Hopefully it stays like this. Thanks for your kind words!
>SuperSaiyanTrunks > >My understanding is that when you're rich you want to spread your cash around. Imagine if all your money was in a single bank. Economy is shit and that bank goes under. You lose all your money. So you store it in various banks. Various land investments. Various stocks. Etc. Etc. The problem is that they have no where to store their cash right now. They know there's a huge crash coming and they would lose a ton of money if they invest it anywhere. Dont want it in those shaky banks either. So they store it with the fed in the form of bonds for 24 hours, then get the cash back. Rinse and repeat. The higher the reverse repo is, the more nervous the big players are. Again, that's just how this smooth brain understands it. I also just like the stock! Someone else posted this. This is first one that anything clicked for me about the whole reverse repo thing.
Reverse Repos: so hot right now! 💄
GUH.
GUH
rookie numbers
What meaning
Normally takes a few days before it significantly changes again for whatever reason. Let's see what happens later this week, 1 trilly by eow imo.
ah shit
I love Red Roasted Peppers
What day this week does this come to an end?
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next stop $800B
1 trillion by eow
When is the US computer gonna do that auto layoff thing so that everybody's unemployed?
Poggers
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The banana in the ass guy definitely needed to be labeled though, let’s be honest here
Labelled for good reasons or bad?
In reality…. Both
More of a joke tbh
I think first poster is fun :) and easy to verify
I already have him labelled as such on ["The List"](https://old.reddit.com/r/Superstonk/comments/nzzpdy/i_guess_im_the_guy_that_makes_lists_now_so_lets/) but the mods should give him a special flair
Ooo baby what u doin? This thing about to fucking Blow
u/pctracer Why’d you delete your DD from the other day? Was going to read it but unfortunately never had the chance.
I am sorry automod deleted it, I am contacting mods to put it back!
Ah thanks for the update!
🥱
We're #1! We're #1! USA! USA! USA!
Wow dude this is insane!!!!!
Newwwww Record!
New high score!
Can we short reverse repo? 😂🚀🚀
Digging a bigger hole everyday i see
hell yeah let's get ittttt
Right in line with the new order put in place. The dominos continue to fall exactly how we guessed they would.
Breaking more records than Ronaldo
Wow they’re great at getting new high scores!!
BOOM!
Congratulations to the ‘Murican economy
Year of record !
What’s the cap on this?
Flexible as stated from their last meeting.
How many new records in a row has that been now?
It’s been so many that it’s now a new record
Mmmm scintillating.
These nipples are pointing north!
My penis. It's vibrating. Out of fear and excitement
When does it end?
RRP Going to the MOON (1 Trillion)
Economy iz fukked
Dont get me harder than I already am.
Do we have the link for the list of participants?
"The reverse repo market is doing what it's supposed to do" Jpowell THIS IS FINE
Rookie numbers. Trillion or bust
Thank you for your service, Repo Man!
You are welcome!
Every time I read "new record" I can only hear it being said by Toad from Mario kart.
This makes me sick… everyone is so fucked…(the royal) we here need to be greedy and actually show off them diamond hands to save everyone we can, the financial system right now is the titanic (the best ship in the world) until it hits an iceberg (2008) but instead of telling people to get to the lifeboats the captain just turned the bilage pumps on full blast and kept pumping the water that was flowing in, back out but one of the pumps just went out (Covid) and now more water is coming in than leaving. And we are the lifeboats trying to tell the people to get on. Only issue is no one listens to in-adamant-objects
Can a wrinkled brain ape explain what the reverse repo is and if its bad for the hedgies?
Ah repo guy I found you. I was looking everywhere for you. I looked in rising, I looked in new, I even liked in top in the last hour. And you were in hot all along!
Nobody probably wanted to be the 69th participant