I am acknowledging the phony economic growth was bought at a rate of adding $1 Trillion to the deficit every 100 days. That was facilitated by Janet Yellen who on the way out acknowledged the problem.
Why is it yellen’s fault and not Congress’ fault? Congress passes the spending bills and sets tax policy, not ol’Janet.
Evidently 77 million voters had enough chaos with the last Administration. At least many of those voters don’t have to live in Democratically administered cities, characterized by crime, filth, and corruption.
I am acknowledging the phony economic growth was bought at a rate of adding $1 Trillion to the deficit every 100 days. That was facilitated by Janet Yellen who on the way out acknowledged the problem.
Why is it yellen’s fault and not Congress’ fault? Congress passes the spending bills and sets tax policy, not ol’Janet.
Pretty easy, Yellen stupidly refinanced debt with lower interest rate short term debt, allowing the unholy alliance between the Fed and Treasury to continue. Even at full employment, and as you say a booming economy. Of course it was all to hold power. The Fed and Treasury are the drug dealers, with Congress the addicts.
Why is it yellen’s fault and not Congress’ fault? Congress passes the spending bills and sets tax policy, not ol’Janet.
Pretty easy, Yellen stupidly refinanced debt with lower interest rate short term debt, allowing the unholy alliance between the Fed and Treasury to continue. Even at full employment, and as you say a booming economy. Of course it was all to hold power. The Fed and Treasury are the drug dealers, with Congress the addicts.
that's not how this works.
the treasury issues debt of all maturities to ensure there's enough debt to balance against obligations long, medium and short.
can you imagine the chaos and disaster if the us government issued only longer term debt? Which would mean there wouldn't be enough short term debt for the constant flow of trillions in money market funds and short term bond funds? the system would freeze up. We'd have another financial crisis and recession. The system needs trillions of short term safe debt.
I'll just roll my eyes at the 'to hold power' accusation. Of course rates were also very low when trump was president but the sec of treasury then did the same thing Yellen did. That's what they have to do. Treasury secretaries don't go loose canon and decide the shape of the yield curve and try their hand at bond trader while destroying the money market and banking system.
The blame is directly with congress and indirectly with the president for signing the budget and tax laws we can't afford. And of course with the voters who don't reward politicians who are stewards of the treasury.
This post was edited 2 minutes after it was posted.
Evidently 77 million voters had enough chaos with the last Administration. At least many of those voters don’t have to live in Democratically administered cities, characterized by crime, filth, and corruption.
MicroStrategy’s business model is a giant scam and relies on a reflexive loop: it issues debt or equity to buy BTC, which drives BTC’s price higher. This increases MSTR’s market cap, boosts its index weight, and attracts more sheep investors. With a higher valuation, it issues… pic.twitter.com/Owyi7mCHaO
Well the system has plenty of short term debt, so you can relax your TDS, keep booking your gains. The System is safe.
Keep your Trump D*ck Sucking. The only tds that exists.
No, that was the work of NYC’s finest, E. Jean Carroll. And she even wore a dress from the future, modeled it on the cover of the woke rag Atlantic. Think of that!
This post was edited 3 minutes after it was posted.
Not working so far...China down 4% since this tweet. Although I'm using a china ETF and who knows if that is currency hedged or not.
Lawrence McDonald @Convertbond All In - David Tepper just said he broke (risk) limits to own China, 15-20% is usually his limit, but we think he is higher than that. When asked about a "hedge" he said I have no hedge, valuation is the hedge... 8:56 AM · Sep 26, 2024 · 397.8K Views
I am acknowledging the phony economic growth was bought at a rate of adding $1 Trillion to the deficit every 100 days. That was facilitated by Janet Yellen who on the way out acknowledged the problem.
When, in your estimation, was there NOT "phony economic growth?"
I would not want to invest in China at all at this moment. Biden targeted Tesla but he can only do such much. But if Xi randomly chooses to go after a company there it's basically gone. Look what happened to Jack Ma
President Joe Biden celebrated ambitious electric vehicles goals by automakers at the White House on Thursday. But he did so without the world’s largest maker of EVs: Tesla.
The US Attorney’s Office for the Southern District of New York is reportedly pursuing criminal charges against Elon Musk as to whether he failed to disclose personal benefits he received from Tesla…
I am acknowledging the phony economic growth was bought at a rate of adding $1 Trillion to the deficit every 100 days. That was facilitated by Janet Yellen who on the way out acknowledged the problem.
When, in your estimation, was there NOT "phony economic growth?"
I'm going to guess whatever year Igy was 35-50 years old. Or whenever he had his favorite job.
For most people, that's the time that makes the most sense to them. After that, the world seems chaotic and disordered and fallen from its earlier state of grace.
I would not want to invest in China at all at this moment. Biden targeted Tesla but he can only do such much. But if Xi randomly chooses to go after a company there it's basically gone. Look what happened to Jack Ma
he's been caught many many times, but, like Trump, he has been deemed too big to fail so he gets away with it. This is the corrupt world we live in.
But fair point, China doesn't feel that American 'conservative' billionaires deserve special protections under law. Only American Republicans think that.
This post was edited 28 seconds after it was posted.
I would not want to invest in China at all at this moment. Biden targeted Tesla but he can only do such much. But if Xi randomly chooses to go after a company there it's basically gone. Look what happened to Jack Ma
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