There’s an analysis/economist named Luke Gromen - he has calculated that a Fed.gov deficit of at least $2.5 TRILLION is unavoidable next year.
A large part of short-term government debt will need to be re-priced at higher interest rates
Automatic escalators in benefits like Soc. Sec. will add $ hundreds of billions more
Also, with a bad stock market and looming recession, Gov’t tax revenues will fall like a rock.
Finally, China and Saudi are dumping US debt.
As such, the Federal Reserve will be forced to pivot, and pivot hard, in early 2023.
Excellent post.
Corporate earnings will be falling next year.
Liquidity will become problematic.
And stocks are still overvalued.
Its going to get real in 2023.