Q&A #126
How many repo markets are there? Why doesn’t anyone know? Why focus solely on govt bond rates? Why not private credit? Are banks back to lending again? Is it really real economy risk? Did the Fed lie for decades about itself? Did they secretly admit it? What does ‘debt monetization’ theory always leave out? What’s wrong with aggregate demand? What’s the difference if banks create money for governments? Why is intermediation everything?
