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Treasury Bills: Never Miss an Opportunity to Miss an Opportunity [Ep. 280, Eurodollar University]

Eurodollar University

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The Fed Is Screwed Up With Its Treasury Bills

The fed will be simultaneously increasing the level of irrelevant bank reserves, removing top notch teabill collateral dealers don't want to part with. All while not appearing to stimulate an economy quite badly in need of some kind of actual aid. The real danger is in swapping tea bills for bank reserves. It would have been nice if you had said anything at the time. If you had written something like that, jeff,. then you would have standing right now in front of our audience that you were warning before march 20 twentieth, that what the fed was doing was terrible.

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