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Fails EXPLODE. For reference, repo fails in mid-Dec '25 are higher than they were during the worst of March 2020. IOW, 🚨something 🚨big is going on here. The Tricolor debacle holds (part of) the answer.

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Jeffrey P. Snider

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48,065 просмотров • 7 месяцев назад •via X (Twitter)

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