So the Fed Chair says the balance sheet growth will be “organic.”
And we cant call it QE4.
So the repo market has coniptions because it can’t fund the $1 trillion Government deficit anymore.
Because banks dont want to dump their Treasury postions all at the same time and crash the Treasury market.
So the Fed has to ride to the rescue and take on the burden of monetizing the deficit.
So QE4 starts now!
Apple is having to dramatically increase its share price buybacks to keeps its share price increasing. That won’t end well.
