The Fed's balance sheet declined $1.4 billion last week, none of it treasuries. The Fed hasn't reduced anything in October yet. It still has $50 billion total and $30 billion in treasuries to go. It's already behind the curve, needing to reduce $39 billion in treasuries to catch-up. It will fall behind again this month because only $23 billion in treasuries mature.
Biden’s New Carbon Capture Mandates Will Cause Blackouts, Increases Prices
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The lie of the day is from the EPA: Carbon capture will pay for itself
(thanks to IRA subsidies). No, it won't even with subsidies. Expect
blackouts and a ...
Hi- Good post; Can you explain more how you think this will affect the markets?
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Peter
Fed Fork In The Road: Bear Market Or QE4
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