https://twitter.com/farrisbaba/status/1403089297419407361
8 trillion! The #FederalReserve balance sheet just hit USD 8 trillion for the first time. ht @DeItaone pic.twitter.com/KsWWypfcSR
— jeroen blokland (@jsblokland) June 10, 2021
If you had told someone in 2009 that in the year 2021 the Fed would have a $8 TRILLION balance sheet and doing $500 BILLION in reverse repos in a single day just to keep the stock market from crashing they would have laughed at you.
— Liberty Street News (@LbrtyStreetNews) June 10, 2021
#recession … #Fed Pushing on a String edition https://t.co/T9Li3L45b0
— Invariant Perspective (@InvariantPersp1) June 10, 2021
Last time real yields reached such low levels was in 70s and policy makers called for a war on inflation.
Today, they are welcoming it.
In fact, the “transitory” propaganda has never been louder.
This is perhaps the most bullish macro set up for precious metals in over 50 yrs. pic.twitter.com/rncax6o1uw
— Otavio (Tavi) Costa (@TaviCosta) June 10, 2021
BIDINFLATION: Prices of goods and services skyrocket yet again https://t.co/hsC738ZYWU
— Jack Posobiec (@JackPosobiec) June 10, 2021
A repo is a supply of money. QE is a repo policy
A reverse repo is a monetary drain
QE supplied more money than banks can handle due to capital requirements on cash and/or net interest banks pay on deposits vs 0% banks get for parking reserves at the Fed.
Yes, it is bizarre. https://t.co/TbAiYGbZL3
— Mike "Mish" Shedlock (@MishGEA) June 10, 2021
That is … epic… 😂 truck rentals are connected with lumber prices or what? https://t.co/fQj7GBtVk5
— GregTheAnalyst (@Analyst_G) June 10, 2021
. @bopinion pic.twitter.com/27RrEwEykU
— Mohamed A. El-Erian (@elerianm) June 10, 2021
As Fed Taper Looms, Global Central Banks Eye Their Own Exits From Stimulus
Haunted by memories of past U.S. interest rate hikes, the world’s central banks are laying the groundwork for a transition to life with less global stimulus, with many countries already signalling moves to the exit.
https://twitter.com/MFHoz/status/1403110756275703809
Global Inflation Rates… pic.twitter.com/idflWfTjnH
— Charlie Bilello (@charliebilello) June 10, 2021
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