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kleinbl00  ·  526 days ago  ·  link  ·    ·  parent  ·  post: Repo Squeeze Threatens To Spill Over Into Funding Markets

Yeah. When the effective rate goes from 2% to 5% overnight there's something up.

I read Courage to Act. The two main themes in that book are (A) I was right all along and everyone who disagreed with me is a doodyhead and (B) We needed to do something right the fuck away or the economy would melt.

"We're throwing $75b at this right the fuck now" is HBO biopic territory. That's pallets-of-cash-to-Baghdad shit.