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It Can Always Go Higher | "On The Margin" Round Up with Byron Gilliam and Jack Farley
Forward Guidance
The Fed's Induced Liquidity
Banks have been pulling back on credit and I think that's because, I know what it is. The amount of money in the reverse repo facility has been draining. Deposit money market funds are buying more treasuries so there's no longer a lack of collateral. So now there's actually a lot of incentive for money market funds to make more money if they buy treasuries rather than reverse repo. And again, do you say because reverse repo facility is declining? That's the reason why we have a bull market in stocks. No one knows.
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