- Aug 24, 2007
Thanks for those links. Absolutely the best analysis of the repo market issues I've read, and finally explains (to me) why the additional hundreds of billions being injected through t-bills isn't fixing the underlying problem.I just couldn't let this go, so I did some more digging and found this gold mine:
Finally something written by someone who has worked inside the US Treasury and NY Fed, and has a deep understanding of how the repo market functions. I read the full paper above, but it is both long and difficult to unpack, but this article does a pretty good job at summarizing it:
"It's About To Get Very Bad" - Repo Market Legend Predicts Market Crash In Days
Really seems like we're setting the stage for a fireworks show, and sooner rather than later.
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