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It is just a like a house of cards. I think in the short-term it is solvent, but a decade from now the Modern Monetary Theory will cause come back to haunt and the house of cards might collapse.
The desperation to keep this sham economic expansion going is rather insane. Basically becoming a debt based economy where lots and lots of current consumption to keep this charade going before it collapses under it's own weight.
I am no economist but it seems we are doing our best to cause a big recession to depression in the next few years. I'm don't know of any other mechanism that could bring some sanity back to our economic system.
Borrow and spend is the entire game for Big Business, Government, and Consumers.
Attempting to refinance sovereign debt would tank our credit rating and compromise the full faith and credit trust that currently holds interest rates on our debt as low as they are.
Ultra-long bonds is not a new concept, so you cannot really blame this on Trump. The idea has been floated on and off for many years. Some EU countries are already issuing ultra-long bonds, and some corporations have also.
The Treasury can issue whatever it wants, but if the market does not think it is a good investment, the Treasury will have to discount the issue to get buyers. Even 30-year bonds have gone in and out of favor.
It is just a like a house of cards. I think in the short-term it is solvent, but a decade from now the Modern Monetary Theory will cause come back to haunt and the house of cards might collapse.
The desperation to keep this sham economic expansion going is rather insane. Basically becoming a debt based economy where lots and lots of current consumption to keep this charade going before it collapses under it's own weight.
Attempting to refinance sovereign debt would tank our credit rating and compromise the full faith and credit trust that currently holds interest rates on our debt as low as they are.
US Treasuries are rolled over all the time. You mean he wants to call in current debt paper?
Remember the financial “purity” of the Tea party and the conniptions they had over Obama’s debt increases? Where are those hypocrites that posted on here ad nauseam now? Their silence is deafening and their hypocrisy complete.
US Treasuries are rolled over all the time. You mean he wants to call in current debt paper?
That’s what it sounded like to me, refinance at a lower rate seems to imply changing the yield on current debt.
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