There’s No S-L-R In R-E-P-O

By |2019-10-29T20:18:14-04:00October 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

JP Morgan’s CEO Jamie Dimon has been running around Washington claiming that mid-September’s repo rumble was the result of the post-crisis regulatory environment. He now says that his bank had the spare cash and was willing to cash in on double digit repo rates but it was government rules which prevented that from happening. It’s [...]