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James asks Wolf

Posted by Richard640 @ 23:29 on January 10, 2020  
      1. James 
        Jan 10, 2020 at 1:10 pm

        Wolf, how much total money has the Federal Reserve put into the REPO market from September 17 to January 10? I have read that 6 to 7 Trillion has been pumped into repos.

        How much has been taken out since September 17?

        Why was this necessary if there is no ongoing financial crisis?

      Richter

      Jan 10, 2020 at 1:56 pm

      James,

      You’re a victim of the very lies that I just exposed in my article above. So please, I implore you, read my article above carefully. It explains how repos work. These repos are NOT additive. They constantly unwind and go to zero, to be replaced by new repos.

      Total repos on the Fed’s balance sheet as of Jan 8 were $211 billion. This “6 to 7 trillion” you cite is total garbage nonsense that keeps circulating around out there. Here are the latest numbers, and I implore you to read this article too:

      https://wolfstreet.com/2020/01/09/fed-drains-45-billion-from-repo-market-back-to-oct-level-t-bill-purchases-continue-balance-sheet-shrinks-by-most-since-qt/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.