Well, the Fed pivoted in 2018. bc of the treasury market. Same problem, only bigger debt. Tax receipts are about to go to h... Interest on debt at higher rates can’t happen for long.The Fed will have to relent. This is not the debt levels of the 1970’s. Inflating the debt away through financial repression is path of least resistance for a relative default.
Well, the Fed pivoted in 2018. bc of the treasury market. Same problem, only bigger debt. Tax receipts are about to go to h... Interest on debt at higher rates can’t happen for long.The Fed will have to relent. This is not the debt levels of the 1970’s. Inflating the debt away through financial repression is path of least resistance for a relative default.