The
balance sheet is still north of four
trillion so they've tapered it a little
bit ,I think a couple hundred billion. Interest rates are rising and the Federal Reserve still
has an enormous balance sheet and
according to what they've been saying
they're about to start increasing the
monthly draw and and that is gonna
put even more pressure on the bond
market especially since we are printing
record budget deficits.
We're now
borrowing over a hundred billion a month and the official numbers don't
even capture that because so much of the
budget is off budget. But it doesn't
matter, they
still have to issue the bonds to finance
the off budget spending.
So what's
important is how much the national debt
is going up, how much bonds are
actually being sold and so we've got
record budget deficits and now we've got
the Federal Reserve that wants to sell
and the bigger problem is who's buying?
