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“Draining!”

Summary:
Now they are "draining!" after a month of "pumping!"...  at least they are reducing system reserve assets a small amount... should help the commies a bit... #PBOC skips open market operation on Tue. 90 bn yuan is drained from the market as reverse repos come due. — YUAN TALKS (@YuanTalks) July 2, 2019

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Now they are "draining!" after a month of "pumping!"...  at least they are reducing system reserve assets a small amount... should help the commies a bit...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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