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BTC093: The Debt Spiral Defined w/ James Lavish (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Fed Is Trying to Reduce Its Balance Sheet, Right?
The treasury is raising the quarter, the third quarter borrowing estimates by $262 billion. Why? Because a drop off in tax receipts and expectation that tax receipts are going lower. The problem is it mirrors the 2019 situation where they raised it by about the same amount. And what happened? Interest rates went, the repo rate went through the roof. So this time the Fed's trying to decrease its balance sheet the same time.
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