I know I know the Virus, love lays out the plan pretty clear, he's a bit out there but he nails the Liquidity issues now taking place in this manufactured plan...The liquidity issues is stage 2, distract was stage 1..
With the term repo expanded from $20BN to $45BN and the overnight repo ceiling also raised from $100 to $150BN, moments
ago the Fed announced that it had received the most liquidity demand on
record, as Dealers indicated some $93BN in term repo submissions (which
thanks to the expanded facility size meant that the oversubscription
dropped from a record 3.6x to 2.1x)...



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