What You Get Is Not Necessarily What You See

"I can tell the entire internet has doomer fatigue." — Catturd on X. The mysterious financial repo markets — which practically no one outside of banking understands (and even some banking insiders don’t) — are going wonky again like they did in September 2019, just before You-Know-What sucker-punched the world with lockdowns, stolen elections, and fake vaccines. Half of America still hasn’t got its head straight. . . and here we go again. The private equity outfits, like giant BlackRock, are wobbling so hard that they had to “gate redemptions” — meaning, investors can’t pull their money out of funds...