Let’s catch up with some liquidity data, shall we? Notes in the captions:
Yellen’s criminal scheme to give hundreds of billions to banks expired last month, and now they’re starting to pay it off. Ostensibly this should zero out by March 11th of next year. A lot can happen in eleven months.The reverse repo keeps moving toward $0. I still don’t grok the implications of this, but I’ve got a pretty thick skull. Let’s face it!The Fed is continuing to sell off their money-losing bond portfolio. Only a few trillion to go, fellas!
