https://twitter.com/HedgeyeDDale/status/1238460537756946440
Dealers are telling me they badly want the $1T in repos, but can't take it.
Post-crisis rules, among so many different regulators (Basel 3, Fed, OCC, FDIC, etc) make it nearly impossible for them to take the money.
They are telling the Fed their problems. The Fed had no clue.
— Jim Bianco (@biancoresearch) March 13, 2020
Credit, credit, credit. The global economy is driven on credit alone. The price of marginal credit dictates direction of global economy – this is price Investment grade and senior loans pic.twitter.com/bTIvxzTUjB
— MQTA (@Steen_Jakobsen) March 13, 2020
https://twitter.com/NorthmanTrader/status/1238468856013783051