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@ernestonodal
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17-07-2010 15:41:29
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Bob Elliott They are actively stimulating, aren't they? 1. They've been generating shadow liquidity 2. The RRP is being drained, and the deficits are massive. The market needed T-bills. 3. Higher rates at this point with such high deficits are stimulus checks to bondholders. 4. QT isn't the