MASSIVE ROLLING OVER OF U.S. TREASURIES: And Why Did The M2 Money Supply Contract?
It is truly amazing the amount of U.S. Treasuries that were “Retired & Reissued” last year. It’s even worse when we compare it to the annual amount before the 2008 Global Financial Crisis. Also, why did the U.S. M2 Money Supply contract since 2022… Fed QT? Nope…