MartyBent on Nostr: As my good friend Parker Lewis likes to say, "There's too much debt and not enough ...

As my good friend Parker Lewis (nprofile…vuws) likes to say, "There's too much debt and not enough dollars." At some point, QT will hit a point where it cannot be sustained because too many dollars have been pulled out of a system with ever increasing amounts of debt that need to be serviced with dollars. Whether it happens when the reverse repo market is drained or at some point after the Fed starts unwinding the excess liquidity on bank balance sheets isn't really that important.

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