Read this...an excellent analysis of the recent Repo Madness.
https://seekingalpha.com/article/4292945-fed-loses-control-benchmark-interest-repo-rates-roof
Best line from it...
"In August 2007, the repo markets suddenly tightened, in what turned out to be one of the earliest indications that there were deep problems in the financial system."
The US Fed has extended its Repo support to October 10, 2019.
Do the markets collapse the first business day after that?
These are the Last Days of the Free Money Disco....
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