Does Any Of This Look Like The Fed Has Anything Under Control?
- Does Any Of This Look Like The Fed Has Anything Under Control?
by Tyler Durden, https://www.zerohedge.com/
The Fed has gushed trillions into the short-term money markets in an attempt to fill what appears to be a bottomless pit and now Treasury and the government are discussing direct loans to businesses and banks have used the discount window en masse “to avoid any stigma”
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As one veteran trader – who has seen a few cycles, as opposed to just trading the last 10 years uptrend – exclaimed:
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“Something is very wrong,” in the short-term liquidity markets. He is not wrong.
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The Dollar shortage is exploding to crisis levels as – despite unlimited Fed swap lines – global basis swaps are soaring…
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read more.
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