Effectively I think there is that case but it is indirect. Again, I am VERY novice in this area but the primary dealers are the ones who buy treasuries right? Now where do the primary dealers get the money to buy the treasuries… heheheheh… I think we all know the answer to that question. However as much as there has been a reduction in foreign entities purchasing them, the spigot is far from shut off.
Anyways so… yes effectively the FED is buying the treasuries in an indirect manner. Again though I am so far removed from having an understanding of this stuff that my posts are barely qualified as valid speculation and I am thankfully corrected by those who have more knowledge so I can learn more about this stuff.
As you implied… hey 700B… 2T… numbers don’t seem to matter anymore…
