This massive, daily Fed intervention business appears to be getting worse & worse. What is the Fed hiding? The longer this goes on & the bigger the interventions get, the more my confidence is shaken. I expect that's true for other investors too. https://t.co/ozqdtUwuwv
— fred hickey (@htsfhickey) October 24, 2019
Not QE just got 60% larger. The New York Fed announced "it is increasing its temporary overnight repo operations to $120 billion a day from $75 billion." There is nothing temporary about this increase, as Not QE will be far larger and even more destructive than QE. Got Gold?
— Peter Schiff (@PeterSchiff) October 24, 2019
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