Wall St. For Main St., Released on 5/22/21
In just the last week, the Fed’s official balance sheet is up another $92 billion to over $7.9 trillion in “assets.”
Look up the Fed’s official balance sheet here: https://fred.stlouisfed.org/series/WALCL
Soon, the Fed’s balance sheet will be well over $8 trillion. Perhaps in the next 1-2 weeks.
US federal government budget deficits are on a $4 trillion plus annualized pace while the Fed is now putting in a permanent repo facility for money market funds, hedge funds, real estate investment trusts (REITs) and other non-banks to borrow from.
Fed Prepares to Go Direct with Liquidity https://www.theinstitutionalriskanaly…
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.