Julian Brigden joins Jim Bianco to chat through markets and provide exciting details about their upcoming Global Macro Summit
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The Fear of Liquidity in the Financial System
When money is put, when you buy a Treasury bill or I buy a Treasury bills and we give our money to the Treasury and they give us a bill, that money goes into the general account. That money for these purposes is money outside of the financial system. Money market funds can place money at the New York Fed in the reverse repo facility, get 5.05% interest on a one-day loan. The fear is, let me say the fear is, we're going to pull it out because all these people are going to be buying Treasury bills and that's going to be money coming back out.
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