Regulation, deregulation and balance-sheet limits

Today, Darius explores the emerging “RMOP” regime — a stealth form of quantitative easing that may arrive sooner than markets expect. Darius explains why the Fed is preparing to shift from QT to balance-sheet expansion, how repo-market stress is forcing policymakers’ hands, and what this means for risk assets, liquidity trends, and the Paradigm C bull market.