Repo madness continues with $300 billion dollars worth of emergency liquidity injections of repurchase agreements (repos) done in just the last 4 days. Is this now a permanent open market operation (POMO) and QE will now restart in November? Emergency Liquidity Repo Update: – 1) Liquidity Scramble: Fed Announces Overnight Repos Every Day Next Week, Introduces Term Repos https://www.zerohedge.com/markets/liq… 2) Fed Repo Oversubscribed For Third Day But Total Drops As Funding Pressures Ease https://www.zerohedge.com/markets/fed… – Will the Fed do permanent open market operations now and then ramp up to restarting QE and expanding their balance sheet in November 2019? – 1) The Fed Will Restart QE In November: This Is How It Will Do It https://www.zerohedge.com/markets/fed… 2) Powell says it’s possible the Fed will have to resume balance sheet growth https://www.cnbc.com/2019/09/18/powel…
