The Fed is whispering ‘temporary strain’...but the repo market is screaming something far worse. If QE is the next move, what exactly is breaking beneath the surface?
The trust issue you raise is crucial. When the Fed reaches for QE again, markets will read it as a confeson of weekness rather than strength. The repo market spikes tell us counterparty fear is already baked in, and adding more reserves wont fix that psycological problem.
The only way out of this will be another plandemic.
The trust issue you raise is crucial. When the Fed reaches for QE again, markets will read it as a confeson of weekness rather than strength. The repo market spikes tell us counterparty fear is already baked in, and adding more reserves wont fix that psycological problem.
"I need more Cow Bell" C.W.