Too Much Dirt; Too Few Rugs. Repurchase Agreements (September 23, 2019)
. . .
K “Too much dirt.”
J “Too few rugs.”
. . .
K “Sweeping the dirt under the rug may not do it any longer.”
J “Loom another rug?”
. . .
J “Manufacture another can?”
K “In China? Subject to a tariff? The road still needs to be repaired before we can kick something down it.”
. . .
J “Raise another canary?”
K “The market, not the government, is shuttering the coal mines.”
. . .
K “The failure of the ‘Repo Market’ may be the Big Jolt.”
J “Make another Market in its place? . . . Maybe not.”
. . .
[See the contributions of Pam Martens and Russ Martens in “Wall Street on Parade”, the real journal explicating Wall Street.]
[See the e-commentary at “Strait of Hormuz or Deutsche Bank? Deriving Derivatives (July 8, 2019)”.]
Bumper stickers of the week:
Loom another rug; manufacture another can; raise another canary; make another Market.
Debt may not be repaid, but it is always paid.
“In the End, only three things matter: How much you love, How gently you live, and How gracefully you let go of things not meant for you.” Buddha
e-commentary 
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