The repo markets mystery reminds us that we are flying blind

https://ift.tt/2NxYVRt
Timor Invest https://ift.tt/32SXa4K

Financial Times/Gillian Tett/9-20-2019

“But here is the bad news: the fact that a ‘temporary’ cash squeeze created so much drama shows that neither the Fed nor investors completely understand how the cogs of the modern financial machine mesh.”

USAGOLD note:  Tett dives into the Fed’s cash dilemma and warns of a monetary system facing problems it has not encountered before.

Source: USA gold