Lions and friends…
System liquidity continues to dry up.
The Federal Reserve’s repo facility is getting mainstream attention, as a measure of system liquidity as U.S. stocks stumble.
Funds parked by institutional investors short-term at the New York Fed’s overnight reverse repo facility have dropped to $1.1 trillion from a peak of about $2.5 trillion in December, according to Fed data.
Investors are now bracing for another barrage of Treasury borrowing to fund the U.S. government’s large budget deficit.
The price of gold finally broke $2000! https://www.kitco.com/charts/livegold.html
Biden asking for more money for war investor bracing for more treasury borrowing 🤣😂🤣😂🤣Duh