At first glance, or first exposure to this, there doesn’t seem to be any reason why all these so many pieces could be related. Outwardly, from the mainstream perspective, anyway, you’d think them random, and even if somehow correlated they’re supposed to be in the opposite way from what’s happened. Too much money, they said. It began with the Fed’s Reverse Repo (RRP) use suddenly going nuts. From seemingly out of nowhere, this was mid-March last year, and, from what...
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