Today's fed meeting is where it all goes downhill

They're officially reducing the $4.5T balance sheet (likely much higher unofficially), starting at $10B a month. This balance sheet was built up in order to prop up the economy, and somehow they think winding it down won't crush us. Let's see how this plays out.

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patkaren1717 · 36-40, M

10B a month is nothing. calm down.

Invisible · 26-30, M

@patkaren1717 The $10B number isn't what's important, I just threw it out there because that's what is reported. They say it'll ramp up to 50 soon. Even though that's still not close to the times we had 100+ a month in the other direction, it's going to be enough to have consequences. They project that treasury bond prices will drop as a result, and that's undoubtedly extremely optimistic. With dropping treasury bond prices it'll be much harder and more expensive for us to manage our deficit

patkaren1717 · 36-40, M

@Invisible We will NEVER manage our deficit. We are a Socialist country.

patkaren1717 · 36-40, M

@patkaren1717 When will people understand that we are past the tipping point.

Invisible · 26-30, M

@patkaren1717 Yes, and it's going to get even worse than it usually is

patkaren1717 · 36-40, M

@Invisible correct.

patkaren1717 · 36-40, M

@Invisible You will need a bag full of money to buy a loaf of bread.