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Fed Balance Sheet Bloodletting Ends Early But Now Treasury Will Suck

The Fed has ended its balance sheet bloodletting. QT is kaput. No more “normalization.”  Now abnormal is the norm. But while the Fed will no longer suck, the US Treasury will. It’s no coincidence.

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Posted in 1 - Liquidity Trader- Money Trends, Fed, Central Bank and Banking Macro Liquidity
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