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Weekly Notebook Review | Portfolio Construction + Market Setup $SPY $QQQ | May 24, 2023
Hedgeye Podcasts
The Fed Is Screwed
The Fed's job is to make the treasury look solvent. Next year, they're going to be paying around $900 billion or so to pay for the coupons on the debt. At that number, that number is as big as Medicare. So if they don't have that spending in place, meaning keep going into more and more and more debt, we're instantly in a recession.
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