By degrees, the Federal Reserve is implementing "stealth QE" through its "emergency" repo operations--now becoming permanent. If the #economy is doing well, why is there a constant need for ever more liquidity? Where is all the cash going? More than a decade after the last great financial crisis, and the Fed STILL feels the need to force inflation. Markets cannot achieve equilibrium and stability with constant liquidity injections pushing everything into disequilibrium. #news #banking #finance #EndTheFed