Fed Assets Tumble Again
Weekly fall of $88 Billion
The Federal Reserve H4 report showed another reduction in total assets. This week it fell by $88 Billion falling below $7 Trillion once again. The biggest reduction once again were the Central Bank Liquidity Swaps, falling by $46.3 Billion but even bigger the Total Repo’s which fell by $61 Billion down to ZERO. #Liquidity is making its way thru the global banking bowels and its no wonder equities continue to be driven higher despite the economic disaster known as Covid-19:
-Magnelibra Econemotions
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