It’s fascinating to see how the trillions of dollars of “help” during Covid have reversed. I do not pretend to understand this stuff, but I offer it to brighter minds than mine. All I see before me is a near complete reversal of what was transpiring in 2020/2021. First there’s the Reverse Repo, which for the life of me I cannot get through my thick skull:
Then there’s the Fed’s total assets (which is still in the TRILLIONS, but at least has returned to early 2020 levels).
And Yellen’s’ revolting bank credit program she conjured up in March 2023 to help all her banking butt budidies. These funds are supposed to be fully repaid by March.
