Tag Archives: Treasury Flows. Flow of Funds

Flight to Quality Funding of the U.S. Budget Deficit

As we suspected in our last update in September, the flight to quality funding of the U.S. budget deficit would replace the end of QE2 and almost 100 percent indirect financing of the deficit by the Federal Reserve.  Looking at … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Fiscal Policy | Tagged , | 1 Comment