Top 5 Charts of the Day – August 1st 2020
Citi Panic/Euphoria pic.twitter.com/aZZ2bLR9LA
— Helene Meisler (@hmeisler) August 1, 2020
Except for tech sector, buybacks have been virtually nonexistent in past 3 months @SoberLook @DeutscheBank pic.twitter.com/xQhyJURUB5
— Liz Ann Sonders (@LizAnnSonders) July 31, 2020
'Everybody' is in #recession! pic.twitter.com/PwzHgNKT0N
— jeroen blokland (@jsblokland) August 1, 2020
Get ready.
71% of the government debt issued this past year matures in less than 12 months.
Treasury Bills’ outstanding shot up to $5 trillion!
No way around this…
The Fed’s balance is set to explode. pic.twitter.com/7nYgKahzpi
— Otavio (Tavi) Costa (@TaviCosta) August 1, 2020
Lastly:
Avg maturity of outstanding government debt just plunged to 64 months.
Bottom line:
A tsunami of $8.5T of Treasuries will be maturing by the end of 2021!
Monetary stimulus will have to be astronomic to cover this.
What a time to be a precious metals investor. pic.twitter.com/9WU53XU9rc
— Otavio (Tavi) Costa (@TaviCosta) August 1, 2020