Subject: Re: The Excess Cash
If I sell $1 million in bonds to buy stocks, then someone else had to buy those $1 million in bonds.

Then we can assume that you believe it also works that way the other way around. If someone BUYS $1M in bonds, then someone had to sell $1M of stocks to get the money to buy those bonds. Correct?

Every month, the government SELLS about $180B of new bonds (new meaning over and above all the refunding of old bonds), does this mean that you believe the only way all those bonds are being bought ($1.3 trillion so far in 2024) is if people sell stock to raise the money to buy those bonds?