US National Debt Spiked by $1 trillion in 5 weeks to $26 trillion. Fed monetized 65%. Business debts spike to high heaven.
I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become.
Treasury securities are hot. The Fed backed up the truck. US banks & others bought too. But China dumped.
The Fed opened the vault in September. But others bought too.
Paying the University-Corporate-Financial Complex and the big bifurcation.
And these are the good times. What happens in a recession?
But what happens if there’s actually a recession?
Nope, the Fed dumped. But there was huge demand elsewhere.
The Fed & China dumped. But there was huge demand elsewhere. Here’s who bought.
The Treasury Market Acts Like the Economy is in a Death Spiral, But Wait…