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'Mar-a-Lago Accord' Chatter Is Getting Wall Street's Attention
- andrewfromx 2y ago"The term ‘Mar-a-Lago Accord’ is a riff on the on the 1985 Plaza Accord and, before that, the 1944 Bretton Woods Agreement, both major milestones in the establishment of the modern global economic system. Each were named after the resorts where they were negotiated. " https://en.wikipedia.org/wiki/Plaza_Accord https://en.wikipedia.org/wiki/Plaza_Accord https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system
- k310 2y agoArchived: https://archive.ph/avXCa https://archive.ph/avXCa > It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap their Treasuries into ultra long-term bonds to ease the country’s debt burden. > And yet, that’s what Jim Bianco corralled his clients to discuss on Thursday after rumors of a so-called ‘Mar-a-Lago Accord’ began making the rounds. > Bianco stressed that this type of debt swap may not actually happen, and if the US were to pursue it, it would require significant international cooperation and could potentially impact global financial stability. Bond investors are so far showing little sign of concern, with trading in the Treasury market particularly calm in recent days.