Q&A #56
What is Jeff’s sojourn to the EAEPE all about? Just how much leverage can someone get from repo? Did a couple trillion in other collateral types really disappear? How can Treasury get away with deficits like this? Doesn’t it look like a Ponzi scheme? Why only dealers and what’s in it for them? Who’s the bull, what’s the bear, and why does it get steeper?
