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Julian Brigden joins Jim Bianco to chat through markets and provide exciting details about their upcoming Global Macro Summit

Talking Data

00:00

The Liquidity Issue Is OK

The reverse repo account goes down as bill issuance goes up. Money market funds are saying, well, buy these bills, we don't won't use that money to reinvest in reverse repo. That's just shifting from one account outside the financial system to another one. The only way the treasury gets its money is by buying bad bonds and selling them at a high price. It will suck money out of the financial system.

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