The Fed's RRP Raises the Debt Ceiling

In past examples, it hasn't worked out well for financial markets eventually. How not well are we talking about and how long after the event did it take before the unfortunate result occurred? Right. In 2019 and 2020, there was a couple of billion dollars in the RRP. Today there's a couple of trillion dollars,. So there is a pool of money outside the financial system. That was exactly the time the stock market crashed, recovered. The bond market became completely dysfunctional.