— Anthony Sanders (@AnthonyBSanders) March 19, 2021
— Dan Weiskopf (@ETFProfessor) March 19, 2021
The Fed's buying $120 billion of bonds every month. There are about 2,628,288 seconds in an average month of 30.42 days.
That's $45,657 worth of Treasuries & MBS EVERY SECOND.
— Rudy Havenstein, Round up all the economists! (@RudyHavenstein) March 11, 2021
Key feed and food prices have been pulled to 9-month and 7-year highs
One point is clear: global food insecurity falls heaviest on lower income, importing nations, who spend a far greater share of their income on food than the richer ones
The Fed would play an ironic role in this process even as it embraces fighting poverty and inequality alongside inflation
This could exacerbate (geo)political risk – potentially even regarding institutional architecture…