Courtesy of Bruce Krasting.
Social Security is sitting on a $2.8Tn portfolio of T Bills and Notes. Take a guess on how much of that was ‘turned over’ (redeemed/acquired/matured) in June of 2013?
$600 Billion! 22% of the nut went back in forth in a single day. That blows my mind. A pic of the “transactions” that took place:
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