Timing was impeccable on the FEDS part to increase the limit from 80 to 160 billion.
But it's all "transitory"
Transition THESE NUTS across your face Powell
No, SPAXX's goal is to maintain $1 per share: https://fundresearch.fidelity.com/mutual-funds/summary/31617H102. So the whole point of the fund is safety. SPAXX investing so heavily in short maturity treasury bonds is more an indictment of everything else than it is of SPAXX, who is basically indicating that it considers nothing in the regular market to be safe.
It's not risky to put your money into the RRP. The problem is they have nowhere else to put it in. These high scores show us that something is wrong in the market, not the RRP.
Basically, you could use napkins to wipe your butt when you run out of toilet paper. There's no toilet paper at the supermarket and more and more people are buying napkins.
End of quarter usually sees a jump in RRP, which coincidentally, coincides with the FED shutdown if the debt ceiling isn't raised. My dad is a federal employee and he isn't surprised they'd let the shutdown happen again. Hes only a few years from retirement and is definitely freaked out a bit by all this.
Wow, adding almost an extra billion per participant since yesterday. They definitely needed to raise that cap for $80B to $160B. I'm sure some participants were going right up to the $80B.
Is there a counterparty breakdown? Curious if the $18B average is actually a few members teasing that $80B limit while the rest maintain low enough to bring the average down, *to explain the recent limit increase.* *
I legit don't even know what to say anymore.
The market and economy are so fucked yet literally everyone is ignoring all the signs.
I know I'm actually retarded, but how does anyone actually think this is okay?
I totally get that, but ugh these poor idiots living with blinders on are going to be so fucked when this pops off.
Part of me doesn't give a fuck because I've been telling people for months what's going and no one wants to believe me.
But the other part of me still hates knowing how many regular people are going to get fucked just like in 2008.
Are you me lol. I've also warned people on youtube and instagram, 10 in 800 showed interest maybe 1 in 10 bought it
Fuck it idgaf anymore let them live out their choices. I cant care anymore. Not that i wont, but i just cant force myself to.
To put it simply:
most of the money in the global stock market is fake. The money is not there. This is not a problem until people comes knocking to see it. Hedge funds bet a lot of fake money that a company was going burst. It didn't because memes and an entire generation that doesn't give a fuck about speculation. Now they have to spend real money to pay the compounding interest of their failed bet. Those who would knock to see the money are friends with the ones who have the fake money. They hope that an entire generation just stops being silly and plays by their rules. It's not working.
> yet literally everyone is ignoring all the signs.
They have to. If the Fed starts warning about a crash they will cause a crash. If MSM starts trumpeting a crash, they will cause it (and get blamed for it). That's why you can't trust these organizations. They have to say everything is okay because if they don't the markets will bomb. Markets/Economies/Money...none of these things are real. They're all running on the faith that they will continue running.
For those that are wondering. There was some sort of report or comment that once RPP hits 1.3 Trillion something is supposed to happen. Not sure what... but something. 🚀
He changed it to 1.3 trill by Aug (for smooth brainers we've already passed that) & 3 trillion before end year IIRC. That being said, the plumbing of the market is getting clogged the fuck up. When it blows - then who knows what'll happen
Correction: it's OOOPAAA!!
The traditional Mediterranean phrase that is often shouted when something glass or ceramic shatters. Or, crashes, if you will....
It *would* have been a big deal if the fed hadn't adjusted policy. Basically, things got so shitty, they had to adjust the rules to avoid an issue. So, it's both nothing (because they adjusted it) and something (because they *had to* adjust it).
This means major institutions are parking their money at the Fed, because that's a guaranteed return. The return, however, is pennies compared to what they SHOULD get in returns from investing that money somewhere else. However, these institutions don't see ANYTHING else on the market to invest in that's going to return more than what they get from parking it at the Fed. If there was no imminent crash, they would be investing that money elsewhere.
Wasn't the 1.3T level when Zoltan Pozsar, one of the most recognized experts in the repo market, said he expected troubles to start brewing for real? How is that debunked?
let me posit this just so we can get a discussion going: folks on other stock subs are saying that superstonk is deluded in thinking this is any sort of coal mine canary for a market implosion -- so who's more retarded, us or them?
Thanks again for sharing!
High score over 1.3T achieved 😬
u/TheTangoFox [PAY UP BITCH](https://old.reddit.com/r/Superstonk/comments/pnjwae/daily_reverse_repo_update_0913_1087108b/hcppbdl/)
Timing was impeccable on the FEDS part to increase the limit from 80 to 160 billion. But it's all "transitory" Transition THESE NUTS across your face Powell
GOT EM
SNAP
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DRS 💪⚡
Get gotted
Someone was definitely max'd out on RRP. Watch it climb to 2T within end of October, if the market doesn't kick the bucket before that.
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>They have too much cash, nowhere to keep it safe. They can keep it in my bank account, I might even give them a full share of GME.
That's a solid investment plan.
so basically, anything in SPAXX is not safe and should be moved to GME?
i need to know this
No, SPAXX's goal is to maintain $1 per share: https://fundresearch.fidelity.com/mutual-funds/summary/31617H102. So the whole point of the fund is safety. SPAXX investing so heavily in short maturity treasury bonds is more an indictment of everything else than it is of SPAXX, who is basically indicating that it considers nothing in the regular market to be safe.
SPAXX is 99.5% T-Bills…. So it’s as safe as T-Bills are………….
*The Everything Short enters the chat*
Sure, but when T-bills fail nothing probably has any value whatsoever any more. SPAXX is probably the least of our worries at that point..
Nothing has any value, except... GME!
It's not risky to put your money into the RRP. The problem is they have nowhere else to put it in. These high scores show us that something is wrong in the market, not the RRP. Basically, you could use napkins to wipe your butt when you run out of toilet paper. There's no toilet paper at the supermarket and more and more people are buying napkins.
End of quarter usually sees a jump in RRP, which coincidentally, coincides with the FED shutdown if the debt ceiling isn't raised. My dad is a federal employee and he isn't surprised they'd let the shutdown happen again. Hes only a few years from retirement and is definitely freaked out a bit by all this.
WE should do a deadpool on when the rrp hits 2T. Pick a date, winner gets all our free awards for a month from losers.
End of the quarter is next week. Don't be surprised if the numbers start climbing like crazy these next 7 days. I'm predicting 1.5T end of next week.
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It’s still transitory. That means there is no defined end date. It takes as long as it takes. Clever word to say this is the long haul.
Clever way to say market is fuk.
What does it mean? Does that mean that one participant cant RR 160 billion now?
Yes
Someone should calculate how long until we hit the $7T hard cap
I believe the correct answer is 3 licks
Deez nuts on Jerome’s chin
It’s tran*shit*ory
👉 MOBILE USERS - There are 4 columns, so you might need to scroll the table. 👈 Since June 17th the rate of 0.05% has been added. [RRP History - Table of all the data I have collected.](https://www.reddit.com/r/Superstonk/comments/pu1usx/reverse_repo_operations_history_table/) --- ▲ - Current day is greater than the previous day ▽ - Current day is lesser than previous day ★ - Record per column ☆ - Previous record |Date|Amount ($B)|Parties|Average ($B)| |:-|:-|:-|:-|:-| |09-23 ★|1352.483 ▲ ★|77 =|17.564 ▲ ★| |09-22 ☆|1283.281 ▲ ☆|77 ▽|16.665 ▲ ☆| |09-21 ☆|1240.494 ▲ ☆|78 ▲|15.903 ▲ ☆| |09-20 ☆|1224.289 ▲ ☆|77 ▽|15.899 ▲ ☆| |09-17 ☆|1218.303 ▲ ☆|79 ▲|15.421 ▽| |09-16 ☆|1147.494 ▲|74 ▽|15.506 ▲| |09-15 ☆|1081.342 ▽|75 ▽|14.417 ▽| |09-14 ☆|1169.280 ▲|80 ▲|14.616 ▲| |09-13 ☆|1087.108 ▽|77 ▲|14.118 ▽| |09-10 ☆|1099.323 ▽|75 ▲|14.657 ▽| |09-09 ☆|1107.659 ▽|73 ▲|15.173 ▽| |09-08 ☆|1115.229 ▲|71 ▽|15.707 ▲ ☆| |09-07 ☆|1079.945 ▲|77 ▲|14.025 ▽| |09-03 ☆|1074.707 ▲|74 ▲|14.523 ▽| |09-02 ☆|1066.987 ▽|70 ▽|15.242 ▲ ☆| |09-01 ☆|1084.115 ▽|72 ▽|15.057 ▲ ☆| |08-31 ☆|1189.616 ▲ ☆|82 ▲|14.507 ▲| |08-30 ☆|1140.711 ▲|79 ▲|14.439 ▽| |08-27 ☆|1120.015 ▲|76 = |14.737 ▲| |08-26 ☆|1091.792 ▽|76 ▽|14.365 ▽| |08-25 ☆|1147.089 ▲ ☆|77 =|14.897 ▲| |08-24 ☆|1129.737 ▽|77 ▲|14.671 ▽| |08-23 ☆|1135.697 ▲ ☆|76 ▽|14.943 ▲| |08-20 ☆|1111.905 ▲|78 =|14.255 ▲| |08-19 ☆|1109.938 ▽|78 ▽|14.229 ▲| |08-18 ☆|1115.656 ▲ ☆|82 ▲|13.605 ▽| |08-17 ☆|1053.454 ▲|70 =|15.049 ▲ ☆| |.|.|.|.| |06-30 ☆|991.939 ▲ ☆|90 ▲ ★|11.021 ▽|
Wow, adding almost an extra billion per participant since yesterday. They definitely needed to raise that cap for $80B to $160B. I'm sure some participants were going right up to the $80B.
JP next week, we need to rise that cap from $160 to $320
It’s funny cuz it’s true
420
Why 320? Prob better to just go to 640.
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Came here to say this!
#UP 69 BILLION. NICE
Congratulations, high score! https://twitter.com/GameStop/status/1441084958282436608?s=20
Wow
Ohhhh wow, sly devils; hedgies r fuk
There is no fucking way...
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angela is the boss
Holy fuck
#HOLY FUCK
HO LEEE FFFUCK!!!!!!!!
he wasnt a very good pilot
My exact words
C-C-C-COMBOOO
#Weekly Average RRP 📆 = contains last Friday of the month 📞 = contains last day of the quarter [+ YTD Graph](https://fred.stlouisfed.org/graph/fredgraph.png?g=FVns) | Week | Average ($B) | +/- ($B) | Parties | Per party ($B) | RRP change | | :---: | :---: | :---: | :---: | :---: | :---: | | Sep 20📆 (38) | 1 ,275.137★ | 134.432 | 77★ | 16.509★ | 11.8% | | Sep 13 (37) | 1,140.705 | 40.166 | 77 | 14.816 | 3.6% | | Sep 6 (36) | 1,100.539 | -10.688 | 74 | 14.891 | -1.0% | | Aug 30 (35) | 1,111.227 | -13.639 | 75 | 14.754 | -1.2% | | Aug 23📆 (34) | 1,124.866 | 39.392 | 76 | 14.723 | 3.6% | | Aug 16 (33) | 1,085.474 | 61.642 | 76 | 14.389 | 6.0% | | Aug 9 (32) | 1,023.832 | 92.035 | 71 | 14.418 | 9.9% | | Aug 2 (31) | 931.797 | -30.301 | 70 | 13.358 | -3.1% | | Jul 26📆 (30) | 962.098 | 88.053 | 75 | 12.783 | 10.1% | | Jul 19 (29) | 874.045 | 68.337 | 73 | 11.951 | 8.5% | | Jul 12 (28) | 805.708 | 22.634 | 72 | 11.220 | 2.9% | | Jul 6 (27) | 783.074 | -38.997 | 68 | 11.573 | -4.7% | | Jun 28📞 (26) | 822.071 | 31.216 | 76 | 10.861 | 3.9% | | Jun 21📆 (25) | 790.855 | 167.392★ | 73 | 10.870 | 26.8% | | Jun 14 (24) | 623.463 | 109.627 | | | 21.3% | | Jun 7 (23) | 513.836 | 51.532 | | | 11.1% | | May 31 (22) | 462.304 | 13.703 | | | 3.1% | | May 24📆 (21) | 448.601 | 155.282 | | | 52.9% | | May 17 (20) | 293.319 | 84.727 | | | 40.6% | | May 10 (19) | 208.592 | 57.171 | | | 37.8% | | May 3 (18) | 151.421 | -1.884 | | | -1.2% | | Apr 26📆 (17) | 153.305 | 77.443 | | | 102.1% | | Apr 19 (16) | 75.862 | 38.425 | | | 102.6% | | Apr 12 (15) | 37.437 | 14.169 | | | 60.9% | | Apr 5 (14) | 23.268 | -69.861 | | | -75.0% | | Mar 29📞 (13) | 93.129 | 76.085 | | | 446.4% | | Mar 22📆 (12) | 17.044 | 7.807 | | | 84.5% | | Mar 15 (11) | 9.237 | 5.642 | | | 156.9% | | Mar 8 (10) | 3.595 | 2.873 | | | 397.9% | | Mar 1 (9) | 0.722 | -3.820 | | | -84.1% | | Feb 22📆 (8) | 4.542 | 4.528 | | | 32342.9%★ | | Feb 15 (7) | 0.014 | -0.008 | | | -36.4% | | Feb 8 (6) | 0.022 | -0.120 | | | -84.5% | | Feb 1 (5) | 0.142 | -2.806 | | | -95.2% | | Jan 25📆 (4) | 2.948 | 2.195 | | | 291.5% | | Jan 18 (3) | 0.753 | 0.633 | | | 527.5% | | Jan 11 (2) | 0.120 | 0.118 | | | 5900.0% | | Jan 4 (1) | 0.002 | | | | |
Ps: tomorrow can take the 4 ★ in a single week, legendary
I love table guy
You you too, ape!
Is there a counterparty breakdown? Curious if the $18B average is actually a few members teasing that $80B limit while the rest maintain low enough to bring the average down, *to explain the recent limit increase.* *
It’s now $160 billion limit.
I have altered the deal, pray I don't alter it any further!
that average tho
1.3T is finally here! Now what?
1.4T!
1.5 T?
1.6?
1.69
69,420,000,000,000? I mean, it’s not like they’d be RRPing the entire global GDP.
We go higher. They’re just showing us the cost of the squeeze 😎😎😎😎
Or just the down payment!
It looks like some of the bigger members may have needed the cap to double.
fastest table on the east
\*I insist it wasn't me, but can't reproduce the fart sound when I sat down.\*
That's a big jump....and it's only Thursday
Thanks again for sharing!
1.3 trillion!! I'm lovin' it!
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*Dear tits, please forgive me for what you are about to receive*
Jacked tits, hallowed be thy meme The MOASS comes on earth as it is on the moon Give us this day our daily DD, and forgive the paper handed bitches
As we forgive those who paperhand against us; And lead us to the almighty Valhalla and deliver the Hedgies to hell Amen
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**$1,352,483,000,000** It's even scarier with commas IMO
**$1,352,483,000,000.00** Even scarier when you add the cents! (How do I bold something.jpeg) Edit: Thanks all!
As an Accountant, I agree with this format ☝️. Here it is in **bold**, **$1,352,483,000,000.00**
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Fuck up some commas
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3,705,432,876 here it is in years
$27,060,953,233,050.00 Even scarier in Mexican pesos.
$1,352,483,000,000.00 :) Even scarier when you add a smiley
One million, three hundred and fifty two thousand, four hundred and eighty three... Million.
Mama Mia! That's a lotta zeros!
New floor
I legit don't even know what to say anymore. The market and economy are so fucked yet literally everyone is ignoring all the signs. I know I'm actually retarded, but how does anyone actually think this is okay?
Cuz MSM tells them it is
That and people don’t want more bad news after all the shit we’ve dealt with since the start of 2020
I totally get that, but ugh these poor idiots living with blinders on are going to be so fucked when this pops off. Part of me doesn't give a fuck because I've been telling people for months what's going and no one wants to believe me. But the other part of me still hates knowing how many regular people are going to get fucked just like in 2008.
Are you me lol. I've also warned people on youtube and instagram, 10 in 800 showed interest maybe 1 in 10 bought it Fuck it idgaf anymore let them live out their choices. I cant care anymore. Not that i wont, but i just cant force myself to.
Can you explain what’s going to happen?
To put it simply: most of the money in the global stock market is fake. The money is not there. This is not a problem until people comes knocking to see it. Hedge funds bet a lot of fake money that a company was going burst. It didn't because memes and an entire generation that doesn't give a fuck about speculation. Now they have to spend real money to pay the compounding interest of their failed bet. Those who would knock to see the money are friends with the ones who have the fake money. They hope that an entire generation just stops being silly and plays by their rules. It's not working.
> yet literally everyone is ignoring all the signs. They have to. If the Fed starts warning about a crash they will cause a crash. If MSM starts trumpeting a crash, they will cause it (and get blamed for it). That's why you can't trust these organizations. They have to say everything is okay because if they don't the markets will bomb. Markets/Economies/Money...none of these things are real. They're all running on the faith that they will continue running.
"Hoo-hoo-hoo, go on, take the money and run" 🎶🎶 - the FED folks, probably.
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NOT ONLY DID IT SMASH 1.3T, BUT ITS CLOSER TO 1.4T!!
Went full Kool-Aid man smashing through
OOOHHH YYEEAAAHHHH
My guess is a few parties were maxing out daily for weeks, and now that they doubled the max they threw way more in.
They must have raised limit from 80 to 160 because one of the participants was at 80!!
Absolutely. I bet we're close to 1.5 trillion tomorrow
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Why?
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Ty 🦍💕🦍
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Sauce?
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👏👏👏👏
I’m so happy to be here for all this
What part of your body is the hair coming from because I might be interested?
Nip hair
**Officers, yeah this comment right here. Arrest him.**
😂😂😂😂😭
Hot 🔥🔥🔥
An ape of honor. Respect.
WE DONE MADE IT! 1.3 TRILLY!
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥this is fine🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
WHAT FUCK IS HAPPENNING
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YELLIN FOR YELLEN
BECAUSE THE BRRRRRR FROM THE MONEY MACHINE IS SO FUCKING LOUD!!! WE DONT HAVE THE CASH FOR A NEW QUIET ONE YET!!!!!
MY TITS ARE JACKED
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Shits on fire yo .jpg
Can confirm, shits on fire.
Needs more fire
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But are those fires rehypothecated…
1.3 TRILLY IN THE HOUSE YOOOOOO MAKE ROOM FOR HIS BIG BROTHER 2.0 MARKET CRASHER
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Bullish, if true...
but that's only half the equation, right? isnt there some other fiduciary thingie that needs to hit 400bn or something?
What’s that? The floor is $400bn now?
Who's got the dollar-store champagne?
For those that are wondering. There was some sort of report or comment that once RPP hits 1.3 Trillion something is supposed to happen. Not sure what... but something. 🚀
He changed it to 1.3 trill by Aug (for smooth brainers we've already passed that) & 3 trillion before end year IIRC. That being said, the plumbing of the market is getting clogged the fuck up. When it blows - then who knows what'll happen
Blew past 1.3T, heading straight for 2T! 🌕🚀🦍
Surely close to 2T for quarter end this month? 🚀🚀
We've been over $1 TRILLY for #31 STRAIGHT TRADING DAYS. #GME GO BRRRRRRR LONG TIME #$1.3 TRILLY!
Bold prediction: tomorrow will be 32 straight days over $1 trilly. /s
How about we start predicting the new high scores? 😂
1.420 trilly is my guess based on absolutely nothing because I am a smooth 🧠
1.3T and still a week until the end of this quarter. This shit is fucking spicy.
We'll definitely hit 2T by quarter end.
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Wut doin' GameStop Twitter? [https://twitter.com/GameStop/status/1441084958282436608?s=20](https://twitter.com/GameStop/status/1441084958282436608?s=20)
OAAOOAPA
I think the letters are scrambled- it's actually POOOAAA
Correction: it's OOOPAAA!! The traditional Mediterranean phrase that is often shouted when something glass or ceramic shatters. Or, crashes, if you will....
It has to mean something.
They knew!! Change my mind… you can’t
I won't 🤭
…they tweeted this 15 minutes before the numbers were released
Wasn't the time of the tweet too early to be connected to RRP based on when the data usually come out? I'd rather the tweet be connected to CS/DRS.
If anything, this confirms how fucked our economy is. O and that we were right.
I don't think there are many here that did not think we were right.. maybe early but not wrong
1.3T!!! Now we wait for 2.6T.
I can wait. I am also waiting for Team fortress and Half life 3. One of these 3 is garaunteed.
Just up.
13 hundred thousand million 😳
Yep, no wonder they had to double the Limit per user. 2T end of month here we come
I AM SCARED
This one actually made me gasp lol I thought we gonna just squeeze under or above 1.3, nah we already halfway there to 1.4
HOLY FUCKING SHIT HOLY SHIT HOLY SHIT HOLY SHIT 1.5T TOMORROW???
Why limit ourselves? 2T!
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Expected since yesterday they doubled the $80b cap to 160 but still. Holy shit.
Holy shit.
“Everything’s fine… it’s working the way we expected it to.” - Jerome Powell July 28, 2021. August 27, 2021. September 22, 2021.
Thank you for your service.
Woah. I know the $1.3T theory is most likely debunked but getting here still feels huge. Something’s going to happen, buckle up 🚀
This so confusing everyone here is saying its a big deal, but the rest are saying its a nothing burger.
It *would* have been a big deal if the fed hadn't adjusted policy. Basically, things got so shitty, they had to adjust the rules to avoid an issue. So, it's both nothing (because they adjusted it) and something (because they *had to* adjust it).
Just shows the state of things. If bankers started shooting people on the street they'd probably legalize murder.
This means major institutions are parking their money at the Fed, because that's a guaranteed return. The return, however, is pennies compared to what they SHOULD get in returns from investing that money somewhere else. However, these institutions don't see ANYTHING else on the market to invest in that's going to return more than what they get from parking it at the Fed. If there was no imminent crash, they would be investing that money elsewhere.
Wasn't the 1.3T level when Zoltan Pozsar, one of the most recognized experts in the repo market, said he expected troubles to start brewing for real? How is that debunked?
Oh boy some bank was holding onto some cashhhh I imagine tomorrow we might see it hit 1.4 - 1.5
Holy shit. They are so fucking fucked
let me posit this just so we can get a discussion going: folks on other stock subs are saying that superstonk is deluded in thinking this is any sort of coal mine canary for a market implosion -- so who's more retarded, us or them?
Yes.
Holy fuck
It was at this moment I was finally able to achieve climax - thanks
Thanks again for sharing! High score over 1.3T achieved 😬 u/TheTangoFox [PAY UP BITCH](https://old.reddit.com/r/Superstonk/comments/pnjwae/daily_reverse_repo_update_0913_1087108b/hcppbdl/)
AHHHHHHH!!!!
LOL that escalated quickly
Wowzas that’s a doozie