Wild Rides, Who should be scared?
+/- 1000 point swings. Once day, we are back, next day we are sunk, rinse and repeat. Repo rates are over subscribed. Nearly $300B in the last few days issued. Why the liquidity problem. The Feds not QE4 will have pumped nearly $1T in 6 months. And still not stabilizing. Bonds heading to zero and catching up with friends in Japan & Europe when the US hits negative yields.