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by neuromancer2701
2756 days ago
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The FED has been unwinding the balance sheet this whole year. Granted the rate started out at 16 Billion/month and was capped at 40B/month. So there have been plenty of jokes about how it will take years to unwind 4 Trillion. I think we have just passed 150 Billion there is a pretty cool chart out there somewhere. The unwinding of this many treasuries has always been a concern about the whole 2008 crisis along with the unintended consequences of ZIRP. |
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One of many concerns! Given that the solvency of the USA and the entire global economy is predicated on interest rates not rising substantially, things are going to get very interesting (not in a good way) next time we have an economic crisis.