DOCK TREECE January 23, 2020
Thursday, markets were quiet yesterday as everyone was glued to the impeachment proceeding in the Senate (just kidding).
A listener sent me an article and asked a question about the lack of liquidity in the overnight lending market (repo). The article below is the best explanation of the problem I have found although some will label it a conspiracy. Remember it's only a conspiracy until it is proven correct. One reason I am willing to give it credibility is it is too similar to both the 1998 LTCM problem and the 2008 financial debacle.
The only other interesting issue is the spread of the caronavirus in China.