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This is indeed very important to understand. While overall of course it’s not a bad sign, the Fed is behaving like a _lender of last resort_ for very short term
by stingraycharles 7y ago
This is indeed very important to understand. While overall of course it’s not a bad sign, the Fed is behaving like a _lender of last resort_ for very short term loans. And the situation can also be explained.
Of course it’s not a good sign overall, but there’s no reason to panic.