MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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Is This a Form of Backdoor QE?
FRC is taking deposits that had inflowed to larger, SIFI banks and redirecting them back. None of this stuff is going back into the real economy, right? The big banks don't want these assets sitting on their books. People aren't taking on risks. They're tightening lending standards as they have to shrink their balance sheet.
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