Fed keeps patching the broken plumbing with endless T-bill buys. Markets look more unhinged every day.

  • Fed holdings of short T-bills nearing $500 billion with ongoing $40B monthly purchases.
  • Interventions continue months after tax season, echoing 2020 pre-crisis moves.
  • Equities now largest slice of US household net worth, beating real estate.
  • Market charts described as getting crazier amid distortions.
  • Debt levels and QE limits force new approaches.

Equities are now the highest percentage of US household net worth
byu/IvoryTowerResident inEconomyCharts

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