"The use of the facility is up by about $300 billion since the RRP rate hike, only half of which came from a decline in reserves and deposits – i.e. a rotation from bills to o/n RRPs and from deposits to bills. There is a trillion more to go."

Poster Comment:

As Roubini said the FED is caught between a debt bomb and stagflation. They are printing money like mad to keep rates down and liquidity up so they can have a few more months or even a couple of years before it all goes belly up.