by John Rubino
So it’s early 2021 and we’ve bought back most of the extant Treasuries, a big chunk of investment-grade corporates and agency bonds, even a significant part of the junk market. And the damn economy is still flat on its back. Guess ten trillion dollars isn’t what it used to be!
But giving up isn’t an option unless you like the idea of falling into a deflationary abyss, so we need to keep going. And it’s not like currency is hard to create, haha. Looks like we’ll have to revisit the trial balloons we launched last year: