When the covid crisis hit the Fed´s balance sheet was $4.1T in size, after asset purchases - today it's $8.6T. Where would the 10 year US Treasury bond yield in a free market, allowing for price discovery?
— Lawrence McDonald (@Convertbond) November 12, 2021
We’re in Carter territory already. And you can tell that yourself every time you go to the store, or every time you eat out.
Welcome to Biden’s America. #IToldYouSo
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