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Dave Kranzler: Sinking collateralized loan products prompted frantic new QE

Section: Daily Dispatches

12:27p ET Wednesday, December 4, 2019

Dear Friend of GATA and Gold:

Dave Kranzler of Investment Research Dynamics in Denver argues today that the New York Fed's new frantic "repo" cash operation has been prompted by the need of the banking industry to offset the sharply declining value of collateralized loan obligations, dodgy debt similar to the dodgy debt of collateralized subprime mortgages whose collapse caused the world financial crisis of 2008.

That is, Kranzler writes, what is happening now is much like the situation portrayed in the movie "The Big Short."

Kranzler's analysis is headlined "The Truth Behind the 'Repo' Non-QE QE Money Printing" and it's posted at IRD here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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