MOGAMBO GURU: Like Dead Bugs On The Floor

[Tace]

Richard Daughty, the angriest guy in economics -- World News Trust

The policeman was yelling through the megaphone, "What are you so mad about, Mogambo? Come out of the famed Mogambo Bunker (MB), nice and quiet, with your hands up, and let's talk about it!"

So I fire off another burst of machinegun fire over their heads to recapture their attention, and shout through the gun port, "Don't pretend you don't know about how the Federal Reserve reversed course from their previous outsized $11 billion injection of credit into the banking system, you stinking lying cop! So don’t insult me by acting like you were completely unaware that Total Fed Credit fell by $6 billion last week!"

As I am jamming home a fresh clip of ammo, I shout, "And what about Japan finally raising interest rates from zero to 0.25%? Rates have been zero for six years, you idiot Gestapo pig!" I squeeze of another long burst.

How could I explain to this government goon squad about the strange and scary perturbations in the flow of economics? Can they even be made aware of such things as the frightening levels of activity in the bank repo market, where $11 billion per day is now expected! With spikes into the high $20s of billions! Per day!

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http://worldnewstrust.org/modules/AMS/article.php?storyid=3927