Loading ...“Is the Fed really going to expand its balance sheet $500 billion to quell any potential year-end “repo” market pressure? Today’s backdrop becomes even more reminiscent of fateful 1999 (and Y2K).”
I’m sure all of us here are old enough to remember that pretty much marked the top in the stock market and the bottom in gold for about a decade.
Pretty interesting. I’m surprised – and maybe I shouldn’t be – that the fact the Fed is putting up $500 Billion to shore up the Repo market into year end isn’t getting more play. I guess maybe it will if it ends up not being enough.