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Where was Dalio, Gundlach, Paul, Tudor Jones? 
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Mike Norman considers the following as important:
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Where was Dalio, Gundlach, Paul, Tudor Jones? 
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Mike Norman considers the following as important:
This could be interesting, too:
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| Where was Dalio, Gundlach, Paul, Tudor Jones?  |
Finally!!!😂
Yawn…😅😅😅
Vix curve looks very nice!
Hey Mike, I’m trying to understand this so bare with me. Paying increasing rates on treasuries and taxes paid to govy is “money already there.” Got it. But If the Fed monetizes defecits, that is a net addition to the money supply, right? A growing money supply is by defenition inflationary. So, how are budget defecits the “money already there?”
He is viewing it through an institutional perspective, but he means there are more than enough deposits held at commercial banks and reserves held at fed reserve to absorb the daily issuance of hundreds of billions of treasuries. Currently, around $22 trillion in deposits and reserves exist. It’s just a debit and credit accounting entry made to the balance sheet of both the parties. What he isn’t telling you is how deficits lead to a negative multiplier when rates change. For that, you actually need some education outside of this chit show.
It's not just the fed monetizing, public, foreign investors and central banks and governments do.
And it's a temporary addition to the money supply that gets paid back, hence the swimming pool analogy.
@fromdusktodawn509 Correction $3.2 trillion not $22 trillion. See FRED – Reserves of Depository institutions
Fight Saturday Night. Who ya got.
Do I hear the waves crashing in the background?
They are just jealous Mike.
Great work Mike!
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