Julian Brigden joins Jim Bianco to chat through markets and provide exciting details about their upcoming Global Macro Summit
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The Fed's Liquidity Drain Problem
One of the reasons why I think the T back, the treasury borrowing auction committee and others are pushing on this whole idea that you want to limit to 20% of bills. Money market funds can't cannot buy anything longer than a year. And so if they start issuing duration, then we will have a liquidity drain problem. So they're just, that's why they're playing this giant bill issuance thing is because they're trying to play.
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