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@RobinWigg on the dark matter of finance:
"Repo in the US is like a $12 trillion market that nobody really knows about and understands."
"Even monetary economists I know who spend their life on this say that anybody spends too much time looking at short term overnight interest rates goes a little bit mad eventually."
"You can't always see it. Most people ignore it, but it actually explains the motion of celestial bodies to a huge degree."
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