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BCB104: JOE CONSORTI: Recession, Real Estate, Banks & Left Nipples (Macro Update)

Blue Collar Bitcoin

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The Fed's Bailout Facility for Regional Banks

The Fed has a standing repo facility and repo just means repurchase transaction. It's like this implicit backstop for all depositors, for however much money they have. And to some degree, that's actually helping with these outflows because consumers are seeing, okay, the Fed has intervened.

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