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I'd say not clear yet in the period of this diagram.What is clear is you can see how this flattened out during the 'debt ceiling!' thing this year, March 15 thru Sept. 7ish as reserve 'drain' mechanism was rendered inoperative and risk-free assets were piling up.BTW now 30 days away from end of current 'debt ceiling!' suspension on Dec. 8th. If they use the 'extraordinary measures' again it won't last as long as the Fed will be at the same time letting its holdings of UST securities roll off.More fun-fun-fun in Moronville... U.S. Disposable Personal Income On The Rise #MAGAnomics pic.twitter.com/MdrJvwaQVO — TrumpSoldier (@DaveNYviii) November 10, 2017
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I'd say not clear yet in the period of this diagram.What is clear is you can see how this flattened out during the 'debt ceiling!' thing this year, March 15 thru Sept. 7ish as reserve 'drain' mechanism was rendered inoperative and risk-free assets were piling up.BTW now 30 days away from end of current 'debt ceiling!' suspension on Dec. 8th. If they use the 'extraordinary measures' again it won't last as long as the Fed will be at the same time letting its holdings of UST securities roll off.More fun-fun-fun in Moronville... U.S. Disposable Personal Income On The Rise #MAGAnomics pic.twitter.com/MdrJvwaQVO — TrumpSoldier (@DaveNYviii) November 10, 2017
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Mike Norman considers the following as important:
This could be interesting, too:
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I'd say not clear yet in the period of this diagram.
What is clear is you can see how this flattened out during the 'debt ceiling!' thing this year, March 15 thru Sept. 7ish as reserve 'drain' mechanism was rendered inoperative and risk-free assets were piling up.
BTW now 30 days away from end of current 'debt ceiling!' suspension on Dec. 8th. If they use the 'extraordinary measures' again it won't last as long as the Fed will be at the same time letting its holdings of UST securities roll off.
More fun-fun-fun in Moronville...
U.S. Disposable Personal Income On The Rise #MAGAnomics pic.twitter.com/MdrJvwaQVO— TrumpSoldier (@DaveNYviii) November 10, 2017