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Unusual Whales Pod Ep 16: Macro Outlook for 2023, the Federal Reserve in 2023, and the January 6.5% CPI Print

Unusual Whales

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The Fed's Losses Are the Private Sector Gains

Last bear thanks for mentioning your post I was just going to ask about that you recently said that Fed losses are not a problem in a practical sense and therefore the Fed's losses are the private sectors gains. Can you explain that a little bit and maybe also elaborate on your quote is the Fed broke or rather not broke post for the audience given Joseph's comments and what Jim's saying? Yes the point on that I think we talked about this in a prior spaces was just that the Fed is now paying something like 4% on a huge amount of bank reserves and money that's sitting in the reverse repo so between those two I think that the total numbers around four to five trillion dollars that it's

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