https://dailyreckoning.com/108816-2/
For emphasis: The Federal Reserve has extended $6.23 trillion of loans in 29 days. That is equal to $215 billion per day.
If the business goes on at the present rate… the repo bailout will exceed $29 trillion by June.
That is, it will exceed the scale of the 2007–10 Wall Street bailout by June — if you can believe it.
Repo Market
- Tom Mazanec
- Posts: 4181
- Joined: Sun Sep 21, 2008 12:13 pm
Repo Market
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, Those Who Remain
― G. Michael Hopf, Those Who Remain
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