by Jim Quinn, The Burning Platform:
Something is not right, and the drastically divergent messages from Powell and his cronies at the Fed over the last month and a half con firm this suspicion. It does remind me of September 2019 when the repo market revealed the underlying mechanisms within the financial system were malfunctioning and were about to lead to another massive financial crisis. Powell restarted QE and “luckily” the covid scamdemic was rolled out, so Powell and and our corrupt political class could pump trillions into the system and keep it alive.