"The Fed and media are vehemently defending the latest round of repurchase market (“repo”) operations and T-bill purchases as “not QE.” Before the Fed even implemented these new measures, Jerome Powell was quick to qualify their actions accordingly: “My colleagues and I will soon announce measures to add to the supply of reserves over time,” “This is not QE.”"
"What is going on here? The Fed is supposedly engaged in a $60 billion per month QE program. And yet its balance sheet has started shrinking."
"...if the Fed is ACTIVELY pulling liquidity to sabotage the markets, it means stocks are going DOWN no matter what is happening with the economy or investors."
When the debt bubble pops so will other liabilities like the $1.5 quadrillion of derivatives.