Fed’s Balance Sheet Going to $20 Trillion in the Next “Big Print”: Larry Lepard

Friend of Fringe Finance Lawrence Lepard released his most recent investor letter this week.

by Quoth the Raven QTR’s Fringe Finance

Friend of Fringe Finance Lawrence Lepard released his most recent investor letter this week.

I believe Larry to truly be one of the muted voices that the investing community would be better off considering. He gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely.

[…] Larry was kind enough to allow me to share his thoughts heading into Q3 2023. The letter has been edited ever-so-slightly for formatting, grammar and visuals.

This is Part 1 of this letter, Part 2 will be published Monday.