After a “run on the fund,” triggered when people figured out it was loaded up with crappy illiquid assets.
It is ironic the Fed puts out this data, as if to show off its success, and how every time the wealth of the 1% is threatened, the Fed comes up with new bailouts, rate cuts, and other shenanigans.
The fastest increase in assets for any two-month period since the post-Lehman freak show in late 2008 and early 2009.
Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
“First-Mover Advantage” in a “Liquidity Mismatch”: How slow-poke investors in conservative-sounding mutual funds can get their faces ripped off.
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
And so far, so good.
Like a centrally directed disinformation campaign. Here’s what happened.
“Does that mean that we have bad markets?”