99.9% chance there will be NO interest rate cuts in June
đšDonât focus too much on rate cutsđš
Focus on the Supplementary Leverage Ratio (SLR)
It limits bank leverage.
But when bonds start collapsing, theyâll tweak the rule again. So banks can buy unlimited bonds and backstop the collapsing bond market.
Thatâs how theyâll inject liquidity without calling it QE.