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The BIS Explains ‘Highly Unusual’ September Repo Chaos
The BIS's quarterly review is out, and, not surprisingly, the "central bank for central banks" conducted a review of the short-term funding squeeze that played out in September to dramatic effect in the US.
That episode - which the BIS calls "highly unusual" - served as fodder for all manner of alarmist reporting, both in the mainstream media and across the financial blogosphere, as everyone donned their "repo expert" hats and engaged in a frantic effort to prove their bonafides by expounding o
Thanks for the insight. So the only effective measure was to print more money confirming the future is to print more money and at a certain moment that thinking will become the mindset of everybody hence the markets response….