very clear explanation of obfuscated financial concepts & dealings, better than Zoltans explanations, beats the Horseman analogies by many kilometers, keeup up the good work!
I published a new macro article today: https://www.lynalden.com/broke-federal-reserve/
Since September 2022, the Fed has been operating at a financial loss. This article examines some of the ramifications of that. The main result is that money that would otherwise flow to the US Treasury now flows to US banks and money market funds instead.
Sharing it on Nostr today and Twitter tomorrow. ;)
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