Why The End Of The Debt Ceiling Crisis Triggers The Next $1.2 Trillion Banking Crisis

In January,

When previewing the future

We were the first ones to warn of the rapid depletion of Treasury cash. Contrary to the general consensus at the time, that the markets would fall at the beginning of the year, this liquidity injection of approximately $300 billion would...

...would boost risk assets, and effectively offset the liquidation drain from QT. (We didn't know at the time that QT by the Fed would cause a premature collapse of the small bank sector and force Powell into injecting $400 billion).