Thursday, August 1, 2019

Treasury is going on a curve tilting program during recess

Ned is anxious to take out long term debt and deposit short term. He wants liquidity, will he get it?   No, I doubt it, Ned will put the sock market into a short liquidity squeeze while they adjust. Ned will run back to the Swamp and stop the program.  Erratic behavior is the Swamp, party affiliation does not matter, the welfare bums float to the top. Ned is gonna get MMTed.

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