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To: erippetoe who wrote (56141)5/4/2020 6:48:31 AM
From: ghettogoulash  Respond to of 63277
 
Erippetoe: That's it! Thanks. I wasn't thinking. But it does not change my hedge.

There is one more red flag I forgot to mention. The Fed and U.S. banks have recently launched a PR campaign to remove the stigma of begging for funds at the Fed's emergency lending facility. It's all good, dude! This tiny Discount Window has not been used much in the past ten years because it has been rendered obsolete by the larger, more efficient repo market. But after QE1, QE2, QE3, QE4, QE25...

Who in their right mind thinks that this can go on forever? Seems to me the repo market has reached a breaking point.

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