by Payroll tax cut and Universal Basic Income fiscal transfer for lost wages/salary....Hopefully the payroll tax cut will reduce the current rate of tax deposits and the UBI fiscal transfer will increase withdrawals and we can get some increased UST issuance to exceed the current nutter Fed suicidal policy of buying all the 80b per month of USTs being issued so banks have "more money to lend out!"... Nobody can get a UST and bonds are going asymtotic... maybe the Trump policies can result in an increase in the rate of UST issuance and the bond market will settle down..Then over on the risk side, Fed causing GFC2-lite here this month as the Fed's non-risk Reserve Asset increase is forcing Depositories to temporarily reduce the price of risk assets in order to maintain target leverage ratios
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Payroll tax cut and
Hopefully the payroll tax cut will reduce the current rate of tax deposits and the UBI fiscal transfer will increase withdrawals and we can get some increased UST issuance to exceed the current nutter Fed suicidal policy of buying all the 80b per month of USTs being issued so banks have "more money to lend out!"...
Nobody can get a UST and bonds are going asymtotic... maybe the Trump policies can result in an increase in the rate of UST issuance and the bond market will settle down..
Then over on the risk side, Fed causing GFC2-lite here this month as the Fed's non-risk Reserve Asset increase is forcing Depositories to temporarily reduce the price of risk assets in order to maintain target leverage ratios ... Fed plans on continuing this policy until April 15th... that would be 5... MORE... WEEKS... of this shit...
Maybe help is on the way from Trump soon....
BREAKING: Trump will propose a temporary payroll tax cut and paid leave for hourly employees unable to work due to the coronavirushttps://t.co/merQovSlCD
— POLITICO (@politico) March 9, 2020