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The Feds Should Be Unwinding the Balance Sheet More Aggressively
The Fed should be unwinding its balance sheet more aggressively, says David Frum. That would drive telong into the curve up because it creates a etl more supply bursts the demand that's there. But if you own most of the treasuries, us, treasuries in the world that are long dated, and you're aggressively unwinding it, guess what? You're selling it off at a price that's lower than where you bought it. The economy is completely tanked. Unemployent sky rocketing. We still have inflation and dupes, but we're going to have to reverse course here or else,. by the way, we're pobably already under