FED raises to cool down inflation. Yet, they are painted into a corner
Rates go up, debt service goes up....those overleveraged , zombie companies get it hard.
USG needs to fund itself through more and more created money to pay increased debt service. Once we approach buying close to half of the paper ourselves, to finance our current operations...what kind of market is that?
Oh. And im not to enamored with encouraging more international exchange based on yuan and ruble and not via dollar exchange (SWIFT). Current direction of sanctipns heading that way...they wont/cant cut russia out of SWIFT as the UK wants. Because blowback.
We have no cards to play.
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In response to this post by bourbonstreet)
Posted: 02/24/2022 at 8:29PM