Still irritating that these guys have more treasuries and a lot more MBS than they did even a year ago, when official CPI was already 6.8%, and Case-Shiller was running at 18.8% YOY. This QT is really roaring along.@federalreserve pic.twitter.com/JsNpvwsqQZ
— Rudy Havenstein, providing context. (@RudyHavenstein) November 17, 2022
Can’t stop the Ponzi scheme.
h/t Boo_Randy