FED DUMPING LIQUIDITY. GLOBAL CRASH IMMINENT.
Fed balance sheet expanded $105B. Standing Repo Facility added $74.6B. Mortgage-backed securities jumped $43.1B. Treasuries rose just $31.5B. This is not QE. Banks are stressed. U.S. national debt is $34T and rising. Interest expense is exploding. Treasuries are not risk-free. Confidence is cracking. The PBoC injected 1.02T yuan via 7-day reverse repos. Global financial plumbing is clogging. Gold is at all-time highs. Silver is at all-time highs. Capital is fleeing sovereign debt. History repeats: 2000, 2008, 2020. A recession is coming. The Fed is cornered. Risk assets will not ignore this forever. This is not a normal cycle.
Disclaimer: Not financial advice.