Tavi Costa – X, Released on 6/30/26

This is probably one of the most important divergences in the economy today.

The Fed now owns one of the smallest shares of outstanding Treasury debt in over a decade.

Yet federal debt continues to compound at an unsustainable pace.

The Fed always comes to the rescue.

Act… pic.twitter.com/XIoJ63HnJI

— Otavio (Tavi) Costa (@TaviCosta) July 1, 2026