Will Bank Turmoil Cause The Fed Pivot? | Weekly Round Up
Inflection Point
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The BTFP and the Fed's Reverse QQE
The amount of assets that are held on the Fed's balance sheet has gone up drastically. The federal reserve is going to give them 100 cents on the dollar, which by the way, is a form of unsecured lending. It was the largest increase in the fed balance sheet in one week in history,. And they're called the lender of last resort, L.O.L.R. But here's the thing. Mark, you can't say zero. I'm going to say zero. There's no question that the fed is kind of on the mall. They're going to all the debt, all of it. Just like the ECB is going to own all of Europe's
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