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These are bandaids. Very soon it will become apparent that the US needs to take extraordinary measures to solve its debt problem, and such measures need an extr
by akomtu 4y ago
These are bandaids. Very soon it will become apparent that the US needs to take extraordinary measures to solve its debt problem, and such measures need an extraordinary excuse, more extraordinary than the recent pandemic.
- astrange 4y agoThe market doesn't believe this. If it did, the 10 year Treasury bond rate would be a lot higher, instead the yield curve is negative. https://ycharts.com/indicators/10_year_3_month_treasury_spread https://ycharts.com/indicators/10_year_3_month_treasury_spre...
- andromeduck 4y agoMarket isn't always rational.
- kadoban 4y agoIt's more rational than Congress at least, is only just.
- jacooper 4y agoI mean why ruin the infinite money hose the U.S. has?
- roflyear 4y agoThe cost to service debt has been going down.