The US Deficit Is Not Financed by Foreigners…
This is EXACTLY our long-standing pt. In 3q14, foreign CB’s stopped sterilizing US deficits, which meant US deficits “mattered” for the 1st time in 70 yrs. US govt eff forced domestic investors to fund it via ACA, Bank HQLA, MMF Reforms, now Tax Reform. Cht via @dlacalle_IA https://twitter.com/LukeGromen/status/1006565157051518976 Forcing US investors to fund US deficits … Read more