‘Stealth QE’ again

Swiss National Bank provided liquidity assistance to Credit Suisse, mentioning Fed’s FIMA Repo Facility.

exactly…'Stealth QE' again https://t.co/GFY7Ipnl5y

— CrossBorder Capital (@crossbordercap) June 29, 2023

1. Mooted Treasury buyback not yet detailed.. no one knows!
2. Regardless of whether or not Fed b/s moves with GDP, this is still defined as #QE
3. Yup it's 'monetary inflation' we agree on that https://t.co/fEgeITc92H

— CrossBorder Capital (@crossbordercap) June 28, 2023