Q&A #70
Merry Christmas and Happy New Year! Where did the US govt get the funds to finance its massive deficits? Is the current monetary tightness due to money being trapped after the supply shock? Should we watch Basel 3 Endgame for its new collateral rule? Is that a movie sequel? Why wasn’t the curve(s) selloff during August and September bear steepening? Will we ever figure out what that September selling is? Has anyone? Can higher interest rates lead to higher incomes cushioning the potentially negative effects we see building now?
