Tuesday, August 8, 2023

Cash on hand

 

These slugs now getting 5.5% free munnie on $576B from the Biden Fed… $32B annual for doing nothing…  probably a lot tax free in foreign accounts…. 🤑

And the Art degree Monetarist morons think this is somehow bearish?  🤔





2 comments:

NeilW said...

ECB has stopped paying interest on 'minimum reserves'.

Creigh Gordon said...

It wasn't Biden's Fed, it was Powell's. Biden had nothing to do with the interest rate decision.