QE from crisis to crisis, and even when there is no crisis.
The Fed provides the data quarterly, I dissect it at the stunning per-capita level.
What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
But long-term Treasury yields have surged, to the great consternation of our Wall Street Crybabies.
The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
The New Regime at the US Treasury Department.
To let some hot air out of the markets? As long as it isn’t “disorderly.”
From crisis to crisis, and even when there’s no crisis.
Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.