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? 🤔
Cash on hand:
— Matt Allen (@investmattallen) August 8, 2023
Apple: $167 billion
Berkshire: $150 billion
Microsoft: $118 billion
Amazon: $65 billion
Meta: $53 billion
Tesla: $23 billion
This is wild 🤯
2 comments:
ECB has stopped paying interest on 'minimum reserves'.
It wasn't Biden's Fed, it was Powell's. Biden had nothing to do with the interest rate decision.
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