Trillion-dollar vacuum is coming for Wall Street rally

Yahoo!Finance-Bloomberg/Denitsa Tsekova and Ksenia Galoucho/6-3-2023

“With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.”

USAGOLD note: “As the tsunami approaches,” says Britain’s National Oceanography Centre, “water is drawn back from the beach to effectively help feed the wave.… A tsunami is short enough to have a rapid effect, in minutes, but long enough to carry enormous energy.”