The financial markets are a complex beast, a constantly shifting landscape where whispers of distress can echo louder than pronouncements of strength. Recently, a fascinating conversation between David Lin and Michael Gayed, portfolio manager of the Free Markets ETF and publisher of the Lean Leg report, shed some much-needed light on the currents shaping our economic reality. Their discussion, rich with nuance, grappled with everything from the Federal Reserve’s unusual liquidity operations to the long-term implications of deregulation. One of the most talked-about aspects of the current financial climate is the unprecedented usage of the Federal Reserve’s standing repo facility (SRF)….
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