The Mogambo Guru's Federal Reserve Alarm (FRA) has just rung to tell him something is up.What's up is that LAST WEEK, Fed Credit was extended by $20.5 billion, the Fed bought up $21.5 billion in US government securities, and the U.S. Congress national debt increased by $42 billion. In ONE WEEK!
As you might imagine, there was much wailing and gnashing of teeth in the Mogambo Big Beautiful Bunker (MBBB).
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