Your Almost Daily Bit of Wall Street Wit & Wisdom

operation repo

Operation Repo h/t IMDB, EGA Productions

“All the oil experts from the weekend are now repo rate experts.”
— Hipster, @Hipster_Trader

The repo news isn’t about automobiles. It’s about the beleaguered US Federal Reserve and their large overnight liquidity injections into the financial system.

We wish them Godspeed and good luck, as they try to thread the needle while pushing on a string.

Best regards,

Steve

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