This is the Most Important Question as We Head Into 2020

from King World News

This is the most important question as we head into 2020.

How Will It Ever Exit?

December 17 (King World News) – Peter Boockvar: Foreign selling of US notes and bonds continued in October by a net $16.7 billion. This brings the year to date selling to $99 billion with much driven by liquidations from the Chinese and Japanese. It was back in 2011 and 2012 when in each year foreigners bought over $400 billion worth. Thus, it is domestically where we are now financing our ever increasing budget deficits. The Fed now has also become a big part of the monetization process via its purchases of T-bills which also drives banks into buying notes. The Fed’s balance sheet is now $335 billion higher than it was in September at $4.095 Trillion.

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