Extreme Bubble Phase: The Fed Trapped in Repo, then QE. Either Inflate Bubbles or World Economy Blows Up
gulfcoastcommentary.substack.com
Fed "Emergency" Liquidity Injections since Sep 2019 We are clearly in the extreme (and maybe terminal excess) phase of the multi-decade easy money bonanza. The Federal Reserve is once again trapped as lender of first resort in Repo, a market that they rarely enter (except prior to previous burst equity bubbles in years 2000 and 2008).
Extreme Bubble Phase: The Fed Trapped in Repo, then QE. Either Inflate Bubbles or World Economy Blows Up
Extreme Bubble Phase: The Fed Trapped in…
Extreme Bubble Phase: The Fed Trapped in Repo, then QE. Either Inflate Bubbles or World Economy Blows Up
Fed "Emergency" Liquidity Injections since Sep 2019 We are clearly in the extreme (and maybe terminal excess) phase of the multi-decade easy money bonanza. The Federal Reserve is once again trapped as lender of first resort in Repo, a market that they rarely enter (except prior to previous burst equity bubbles in years 2000 and 2008).