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.

Jun 23, 2023

∙ Paid

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…

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