Tapering has been On Going For 8 Months Now
FRED:RRPONTTLD
Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations
As I have long argued Reverse Repos were used to unwind QE by selling them in the open market (meaning short bonds).
As such we have been tapering for over 8 months now and the yield curve has collapsed.
Expect RR to drop when the FED starts to taper going into a slowing economy.
The simple truth is that the market always finds a way to self-correct. The problem often is that Gov't gets in the way of that.
This is yet again another fine example. As such #MMT centralized planning cannot and will not ever work.
It would only lead to a total collapse.
Printing for the people's economy is a MYTH!
As such we have been tapering for over 8 months now and the yield curve has collapsed.
Expect RR to drop when the FED starts to taper going into a slowing economy.
The simple truth is that the market always finds a way to self-correct. The problem often is that Gov't gets in the way of that.
This is yet again another fine example. As such #MMT centralized planning cannot and will not ever work.
It would only lead to a total collapse.
Printing for the people's economy is a MYTH!
Real Macro Economic Investing
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