Citibank Analyst Calls The End Game In The Repo Market

He actually uses the term "End Game". And at the current rate of Federal Reserve losses, the entire monetary base will be backed by deferred assets in 12 years. (We won't have to wait that long.)

The Shape of the Fed’s Balance Sheet

• Dollar General has lost all its inflationary gains overnight, bottom of the barrel consumers out of cash.

• Citibank analysts predict a "repocalypse" they call the "end game"

• Deferred assets accumulating on Fed balance sheet at a rate of 0.15% of the monetary base per week.

Dollar General has lost all its inflationary gains overnight. The Dollar General core consumer apparently is cash-strapped, and the Dollar General core consumer is the bottom of the consumer barrel. After that it's the Daily Bread Food Bank, unfortunately. If the bottom of the barrel consumer has run out of cash, we're on the precipice of a Keynesian bust.

Citibank Sees Repocalypse Incoming