"Not QE" Surges To $88 Billion---Wall Street Punters Laughing All The Way To The Bank

So much for the 'transitory' liquidity shortage arguments put forth by commission-takers and asset-gatherers, The NYFed accepted $87.7 billion (in o/n and term) repo today - the highest level yet.

 

 

 

 

 

 

 

 

 

 

 

 

https://www.zerohedge.com/markets/not-transitory-fed-liquidity-handout-surges-near-90-billion

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.