lol… the good ole’ “crowding out!” Art degree thesis … yo it’s probably going to cause a short term >$500B reserve drain at Depositories …. 🚀
Markets will suffer a $1 trillion aftershock once a debt limit deal is struck
— Saleha Mohsin (@SalehaMohsin) May 18, 2023
A supply burst to restock Treasury 's cash will raise short-term funding rates and tighten the screws on the US eco just as it’s on the cusp of recession
By @mccormickliz
https://t.co/WeW92l0b25
1 comment:
It strikes me that this bears some resemblance to Russia's unnecessary (self-imposed) government shut-down in the early 1990s (although most Russian authorities then did not know what they were doing).
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