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REPORT ABUSIVE REPLY
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Message Subject
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THIS CAN"T BE GOOD...Banks Are So Stuffed With Cash They Tell Companies: No More Deposits
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Poster Handle
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Don Draper from Nantucket |
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Post Content
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Bear in mind that the Fed, via QE has been stuffing banks with cash for a year at a rate of about $120 billion a month.
Not only do the banks have no use for it, it's starting to cost them money.
The Fed's solution, using the word loosely, is to do reverse Repos draining banks of cash.
Reverse repos topped $500 billion this week, effectively undoing over four months of QE.
Quoting: Don Draper from Nantucket It sure ain't good... It won't be long now!!!
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