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To: Rarebird who wrote (19307)11/3/2023 7:46:20 AM
From: Rarebird  Respond to of 26251
 
Is credit card debt a problem?




To: Rarebird who wrote (19307)11/3/2023 10:47:27 AM
From: Real Man  Read Replies (2) | Respond to of 26251
 
She will have a fight with Jay Powell who continues QT at the same pace. I may be missing the big October bottom again -g-

The key chart is reverse repos (unleverageble money loaned to the Fed last year) which are rotated into Tbills and t bonds (can be leveraged 10:1 or more). Someone, probably banks, is sitting on huge unrealized losses on interest rate swaps.