Fed swap line advances up to 573.9 billion

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Bad news, the Feds outstanding (unlimited) swap line draws were up $27.9 billion to $573.9 from last week’s report.

That’s a larger increase than the approximately 24 billion increase the week before.

This is not good.

Each increase gets us closer to the day when the Fed says ‘no mas’.

Causing the euro’s decline to accelerate as the eurozone faces collapse.



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