Rising Rates Spells a Derivative Disaster
In September 2019, Wall Street had a triple cardiac event. The Feds’ Repo window went crazy. A normal weekly repo activity amounts to an average $50 billion. In mid September, over a period of 2 weeks, the Fed lent out an astounding $600 billion plus! This shocked David Rockefeller Jnr (the head of the family), […]
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