TDI Podcast: Repo Market Chaos = POMO (#629)
September 21, 2019 at 12:58 PM EDT
Something doesn’t pass the small test in the overnight lending markets. While the Fed considers it a technical matter – they are now liquefying these markets through Permanent Open Market Operations (POMO) – The first time the Fed has stepped in since 2008. Heavily shorted stocks reverse. The Fed drops rates and oil spikes on […]
