Like the NY Fed pumping 2.183 TRILLION in Repos out the door today to 99 bigger than little people players?
I don’t expect honesty or a refund on short losses.
But enforcement against trading firms that show inconsistent quotes to retail traders would be nice.
How much will they dump in Monday when this POS settles? There’s an election to fix, right?
Added math note:
The current US-GDP (current dollars) runs about 25.663 trillion. See page 9 of the GDP fabrication here. When you look at the (perverse) repo and it’s about 8 percent of everything America makes in goods and services in an entire year, blithely before lunch on a Friday and inside two weeks from a problematic “erection.”
Ziss a great country, or what? Whee!
A martini to the Mogambo Guru’s memory at the bell today.
Oh lookie! Why, it’s a brick wall! Hand me another martini and let’s get as many people in the car as possible and drive as fast as we can into it. What d’you say?
Write when the House goes broke,