I'm really having a hard time wrapping my head around this. I've researched what it is (bond repurchase agreements used by banks for short-term lending) but that really doesn't tell me what this signal is all about.
ZeroHedge has been posting a series of stories for nearly a week like this is the 4th horseman of the apocalypse but nobody else seems to be talking about it at all. Is this really something serious or just more doom-and-gloom baiting by the ZH crowd?
https://www.zerohedge.com/markets/ny-fed-starts-new-quarter-unexpectedly-high-55bn-repo-operation
ZeroHedge has been posting a series of stories for nearly a week like this is the 4th horseman of the apocalypse but nobody else seems to be talking about it at all. Is this really something serious or just more doom-and-gloom baiting by the ZH crowd?
https://www.zerohedge.com/markets/ny-fed-starts-new-quarter-unexpectedly-high-55bn-repo-operation