While the mainstream financial media talks about tapering QE because of the hundreds of billions in cash parked by US banks at the Fed’s reverse repo facility, this is a total misdirection from the real problem. How the Biden administration is proposing spending to increase to $6 trillion in 2022 (and growing more after that) without anymore foreign net buyers (Japan and China are not buying anymore) of US Treasuries.
Taper Talk is A Total Misdirection? $6 Trillion in Spending Planned For 2022 is The Main Problem
Written by 1_healthytip