Short-lived QT, revisited – we will soon all be Japanese
by Dan Kurz, DK Analytics: US$:103.2; Fed’s B/S: $44bn short of $9.0trn and down $10bn from prior week; US government debt: $30.4trn; total US debt: $88.3trn or 3.6x US GDP; US net international investment position: -$18.1trn; US 10-yr: 2.8%; the real yield: -14.2%; 700-year average real risk free yield: +4.78%; Vanguard Bond ETF YTD return: -9.0%; CPI: 8.5%; ShadowStats CPI: 17%; S&P 500: 4183; S&P 500 GAAP P/E: 21.1x for a […]