Original post
The Fed is printing money to buy US Treasury bills... more than during Covid. - Covid: ~$320B - Last 9 months: ~$355B Everyone is talking about the Fed hike... no one is talking about Warsh printing money Covid-style to buy UST bills. At the same time, Bessent is issuing more UST bills to buy back US long-term debt. In other words, the Treasury buyback is nothing else than QE in disguise. We don't own enough hard assets for what's coming.
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