Ian Miles Cheong

@ianmiles · 2 oct. 2023

Back a few years ago the Fed was sending hundreds of billions $$$ to the US Treasury from its portfolio earnings, it was counted as revenues to the budget. Now that Fed is running massive losses of $723 million PER DAY it does not count as expenditures to the budget. Magic

Wall Street Mav@WallStreetMav· 2 oct. 2023

The Fed is losing $723 million per day paying commercial banks for reverse repos and interest on reserves. Quote from article to explain the magic of the Fed's accounting: "The Fed’s losses don’t represent a direct hit to the economy, since the way Fed accounting works the

Elon Musk

@elonmusk

Unsustainable

15:32 · 2 octobre 2023 · 86,2 k vues

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