Helicopter Drop

Amusing cartoon, via Jim Sinclair:

Sinclair20

What’s so amazing about this is the following:  When the inter-bank rate, set by the open
market (but based on the Fed Funds Rate) surges 75 basis points above
that Fed Funds Rate, what else can the Fed do but warm up the
choppers?

Otherwise, banks would be lending at the equivalent of three 25 basis point rate hikes.

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