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Message: Gold Quote of the Day
” REVERSE REPO is the new QE. It will come when taper begins in 2014. Old wine in new bottles. Fed still easing,” Jim Rickards"........................................... Definition of Reverse Repo:::::: A purchase of securities with an agreement to resell them at a higher price at a specific future date. This is essentially just a loan of the security at a specific rate. also called reverse repurchase agreement. Read more: http://www.investorwords.com/4266/reverse_repo.html#ixzz2nfSJt9b1
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