This is analogous to a situation occurring within the banking system.
Almost three months after water stains first appeared in the overnight funding markets, the Federal Reserve has stepped in on a daily basis to "re-paint the ceiling" and the problem has appeared to vanish.
Yet, every day the stain reappears and the Federal Reserve's work begins anew. One is left to wonder why the leak hasn't been fixed.
In mid-September, evidence of issues in the U.S. banking system began to appear. The problem occurred in the overnight funding markets which serve as one of the most important components of a well-functioning financial and economic system.
It is also a market that few investors follow and even fewer understand.