The Fed has now established a “permanent” repo facility…
The Fed has now established a “permanent” repo facility. What gives? Why is the Fed panicked into pumping billions per day into the repo market with no end in sight? This Fed action is warning of dire financial risks. One thing is for sure, if the economy was as good as being reported, there would be no need for this kind of Fed action. How long can this go on for? Are we close to another 2008 financial meltdown moment? Will this be a financial extinction event for many? What could trigger the next crisis? These are all good questions that will be answered sooner than later. What people should do is look for ways to reduce risk and exposure in the markets, but for the most part, it seems people are ignoring the financial warning signs.
Join Greg Hunter of USAWatchdog.com as he talks about the financial warning signs that trouble is ahead.
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