# March 2026 Newsletter: A Flywheel of Chaos

Source: https://www.lynalden.com/march-2026-newsletter
Kiwi News: https://news.kiwistand.com/stories/March-2026-Newsletter-A-Flywheel-of-Chaos?index=0x69c087bb4263390aa54c25938e1d6a16a59835fc58397216cbd4201a8dffdf87e072916d
Submitted by tim on 2026-03-23 UTC, 1 upvote, 0 comments

## Summary

The author's central view is that the Fed will likely keep expanding its balance sheet gradually in 2026 rather than printing money on a large scale, though the war against Iran has raised the odds of a bigger print. The newsletter says the Fed's projected 2026 expansion of $220 billion to $375 billion is modest next to past rounds of quantitative easing, and that even $750 billion would be a gain of about 11% on the $6.5 trillion starting size. It calls a print of $2 trillion or more "big" at current balance sheet levels. The war has pushed the Strait of Hormuz largely closed and energy prices up, and the Pentagon has requested $200 billion from Congress, which is not yet outside the gradual range. A big print would require the conflict to last months and damage energy infrastructure, and the writer says the odds of that are rising.