Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

#REPO market operations= #QE = #DEBTmonitization

The Fed claims its not doing QE, but last week it's balance sheet expanded by $88.1B. It's grown by $176B in the past 3 weeks. During QE3 at most the Fed's balance grew by $85B per month. So the Fed is buying more than twice as much debt when it's not doing QE than when it was!

-Peter Schiff

The Fed claims its not doing QE, but last week it's balance sheet expanded by $88.1B. It's grown by $176B in the past 3 weeks. During QE3 at most the Fed's balance grew by $85B per month. So the Fed is buying more than twice as much debt when it's not doing QE than when it was!

— Peter Schiff (@PeterSchiff) October 3, 2019

However the term is short. o/n or 3 weeks. as said not “permanent”, but still amazing amount of $.

https://fred.stlouisfed.org/series/WALCL