Frank J Aten

Managing Director - Public Markets PSRSMO

[Frank J Aten @FrankAten]

The gap between trend and actual is what the government is trying to replace with debt (spending). Reserves are just a function of the increase in debt. It looks like this globally not just in the US.

[Frank J Aten @FrankAten]

US Macro Flows and the Kalecki Profit Identity https://t.co/nWwz8vcdvW

[Frank J Aten @FrankAten]

GDP Less Cumulative Debt Growth Q2 2026 https://t.co/1mBMgwlEdI

[Frank J Aten @FrankAten]

You don't build wealth with these numbers

[Jeffrey P. Snider @JeffSnider_EDU]

Nearly every credit transaction made today has an interest rate swap embedded in it somewhere, with dealers on both sides.

Which means swap prices carry dealer balance sheet capacity, forward rate expectations, demand for duration, and collateral conditions in a single signal.

Almost nobody looks.

Watch me break it down here:
https://t.co/KzLeKoQAh7

[Frank J Aten @FrankAten]

For now I'm going with Lacy and not Lebowitz. I think TIPS don't really explain inflation expectations very well. . https://t.co/LkRWuwmSy2

[Frank J Aten @FrankAten]

@JeffSnider_EDU They did in the 30's for sure

[Frank J Aten @FrankAten]

@zerohedge I suggest you read the policy as it did no such thing

[Frank J Aten @FrankAten]

One of the biggest and consistent contributor of Corporate Profits and profit margins ... the federal deficit

[Frank J Aten @FrankAten]

David Stockman pretty much on target.....and the data show it https://t.co/z0dh7Yl9eK

[Frank J Aten @FrankAten]

The nut cracker that wall street wants you to ignore

[Frank J Aten @FrankAten]

Key.....pay attention

[Frank J Aten @FrankAten]

Seems odd no one talks about this

[Michael Pettis @michaelxpettis]

"The ability to make benefit payments is not determined by the balance of a savings account. It depends on the government's fiscal authority and, more importantly, the productive capacity of the economy."