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Do aliens Reside on Earth in the Guise of Human Beings?
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Richter
James,
You’re a victim of the very lies that I just exposed in my article above. So please, I implore you, read my article above carefully. It explains how repos work. These repos are NOT additive. They constantly unwind and go to zero, to be replaced by new repos.
Total repos on the Fed’s balance sheet as of Jan 8 were $211 billion. This “6 to 7 trillion” you cite is total garbage nonsense that keeps circulating around out there. Here are the latest numbers, and I implore you to read this article too:
https://wolfstreet.com/2020/01/09/fed-drains-45-billion-from-repo-market-back-to-oct-level-t-bill-purchases-continue-balance-sheet-shrinks-by-most-since-qt/