My January 2024 newsletter is out now:
https://www.lynalden.com/january-2024-newsletter/
Main topics:
-Fiscal vs monetary divergence
-Why markets and the economy outperformed consensus expectations.
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Can you explain how t-bill issuance is pro-liquidity via reverse repo reduction? I understand that as reverse repo is reduced, dollars flow into the market. But if those dollars are used to buy t-bills, doesn't that absorb the dollar flow? Thanks.
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