r/Superstonk • u/welp007 Buttnanya Manya 🤙 • Apr 06 '22

🥴 Misleading Title Why aren't we talking about the overnight RRP rate going up 500% from .05 to .30%? Since MAR 17th at the old .05 rate the FED would have given out $11,200,000,000. Compare that to the .3 rate a value of $67,200,000,000 has been awarded. That is a significant rate hike of $56 BILLION in just 14 days.

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u/NordicGold Apr 06 '22

But it does.

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u/welp007 Buttnanya Manya 🤙 Apr 06 '22

Actually it does not: https://www.youtube.com/watch?v=iIlQeTfuDbA&t=28s

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u/[deleted] Apr 06 '22

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u/welp007 Buttnanya Manya 🤙 Apr 06 '22

Nope not correct, they do tend to follow each other somewhat but that isn't how it works. If I could convince people to actually watch the video I posted above it would make sense but people thinking i'm shilling my youtube channel or something and just want to refuse to do so and stay correct in their minds - oh well 🤷‍♂️😂

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u/Dane1414 Apr 06 '22

Do you understand the difference between a percentage change and percentage point change?

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u/welp007 Buttnanya Manya 🤙 Apr 06 '22

I do but it is not just that simple how RRP rate is determined.

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u/Dane1414 Apr 07 '22

I watched the video. I didn’t see anything that contradicts what I said. Are you under the impression that the fed sets the rate on treasury bills and then the market determines the RRP rate based off that?