The Debt Ceiling Debt Debt Crisis and QT So I'm Just Going to Add Another Point Um

The swings post pandemic we've seen to be very very large so after the debt ceiling was raised in late 2021 I think mid-December um the treasury had basically no money left in its accounts and it went out raised nine hundred billion dollars worth of with the funds. So that is a huge swing in sort of bank reserves and market liquidity as a result of those fluctuations with the treasury especially given the size of the deficits and the need for ongoing funding. That will probably continue up until the the debt ceiling gets left in sometime in the middle of the year at which point people should start to be concerned about if there's a large issuance of treasury, he says.

Play episode from 01:09:03

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app