Goldman Spots A Huge Problem For The Fed
Fri, 05/15/2020 - 19:45
Last week, the Treasury shocked the world when it announced that in the current quarter (the 3rd of the fiscal year), the US will need to sell a mindblowing, record $3 trillion (pardon, $2.999 trillion) in Treasurys to finance the US money helicopter.
This, after selling $807 billion in the first half of the fiscal year, and another $677 billion in the quarter ending Sept 30.
And since it is...
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