I’m starting this off with a heavy hitter.
I’ll keep hitting on this, but heads up. This is going to end badly…the math is fairly straightforward. Having said that, it is always possible to delay the inevitable via massive manipulative measures by an out of control government. Case in point: the US treasury market.
However it’s spun, this will be a disaster. Unfortunately, it may be the lesser of two evils.
I know this has been plastered all over Tuesday’s news, but in case you missed it:
Favorite quote of this article: “It is not like the committee has been asleep on the job here.” I’m sure Bullard is an intelligent individual, but it’s hard to imagine a more lackadaisical take on our manipulation of the debt markets.
OK, it’s been a while, but this is the same China that was going to bail out the entire Eurozone: