The League of Blood
I’d be surprised if the Fed’s balance sheet ever gets under $1 trillion again. It may never get below $5 trillion. And it may get to $20 trillion before it’s all over.
Friday, June 2023
Laramie, Wyoming
‘US Stocks fall to cap off worst week since collapse of Silicon Valley Bank.’ That’s the last headline I read before I sat down to write you today’s research note. An…