#56: Joseph Wang On How The Fed Forever Altered The Investing Landscape
Superinvestors and the Art of Worldly Wisdom
The Fed's Perspective on Liquidity in the Banking System
Governor Waller says that when he's thinking about liquidity in the banking system, he's also looking at how much money is in the reverse repo facility. That number is about $2 trillion right now. So it appears like there's a lot of cash, excess cash in the financial system. When you do that, you can actually end up with a QT end date in a couple years.
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