In the meantime:
The Fed continues to pretend that it can shrink its balance sheet size and watch the cost of government debt rise, all while the US grapples with a 12% twin deficit.
After marking the end of a 40-year bull market in Treasuries, this upward move in 10-year… pic.twitter.com/DovYOOrn1a
— Otavio (Tavi) Costa (@TaviCosta) August 12, 2023
The Fed trying to fix the economy pic.twitter.com/E8K3sHXBOb
— Not Jerome Powell (@alifarhat79) August 11, 2023
Talking charts & data with @TaviCosta pic.twitter.com/WgIdsLsqPw
— Michael Maloney (@mike_maloney) August 11, 2023
US credit card debt has officially surpassed $1 trillion
This is not sustainable with credit card rates above 20% pic.twitter.com/hDkZ3IUjTG
— Game of Trades (@GameofTrades_) August 11, 2023