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The Impulses of Lunar Fed Policy Under Repo Madness
The Fed, through its repo madness program, has supplied financial markets – including big banks like JP Morgan – with mass liquidity. But that’s not all. The Fed’s also supplied financial markets with a highly tenuous assumption: The Fed will never allow the lack of liquidity of a major debtor to become an insolvency crisis that contracts the money supply. This assumption, without question, will be proven false at the worst possible time. Continue reading
Posted in Inflation, MN Gordon
Tagged collapse, federal reserve, jamie dimon, jp morgan chase, repo madness
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