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As the Federal Reserve expands its repo operations to sustain bank liquidity, liquidity is getting WORSE. The Fed has no clue why banks are sitting on so much cash. Some point to the looming #Brexit deadline. If Brexit is the culprit, the banks are betting on a very messy No Deal Brexit with no delay.. What do they know that no one else does? What do they see that others are overlooking? https://www.zerohedge.com/markets/fed-injects-134bn-liquidity-term-repo-obersubscribed-amid-month-end-liquidity-panic #news #economy #banking #finance
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