Wednesday, February 03, 2016 4:04:27 PM
"Please... call it what it is... blatant and ARTIFICIAL manipulation on the part of the Fed "primary dealers" to support the markets using phony "hypothecated" excess reserves created entirely out of thin air by the Fed. Unsupported markets do not behave this way. Prior to QE we rarely saw these magical V reversals (certainly not in the absence of a fundamental catalyst)."
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