This repo operation is YUGE, but the writer of the article is adding his/her num... | Hacker News

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		jgalt212 on Dec 18, 2019 \| parent \| context \| favorite \| on: New York Fed Again Upsizes Liquidity Plans for Tur... This repo operation is YUGE, but the writer of the article is adding his/her numbers up wrong (and perhaps on purpose). If I lend you $50 overnight, and then you repay. And then I lend you another $50 overnight and you repay, most market folks would consider this $50 in credit/loans, not $100 in credit/loans.

ipnon on Dec 18, 2019 [–]

The distinction between credit and debt is crucial here.

jgalt212 on Dec 19, 2019 | [–]

only if you count your numbers in an unconventional manner.

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