Precisely.
How many banks would fold if the Treasury didn’t keep the inverted yield curve to stop the market price of long term Treasuries from crashing.
Watch as the Government Mortgae Associations like Ginnie May and Freddie Mac must refinance within 24 months the $12 trillion of notes they issued issued short term to lend out in fixed rate 3% to 4% mortgages for 30 years. The refinance rate will be double the rate they lent the money out.
None of this debt is included in the $32 trillion national debt. It’s off the books.
It’s a good thing that the Treasury Notes payable to China and Blackrock are variable rate interest so their market value doesn’t drop. / emphasis on sarcasm
We know that in the car market, the trade-in value of a car is considerably less that its retail (dealer sales price) value. For those who buy physical gold, does the same hold true. I.e., is the price you pay of physical gold considerably higher than the price you're offered when you try to sell it? Has anyone here sold their physical gold? Were the "net" dollars you received what you expected"
China now dumping is evidence that they are getting ready for war with US.
As long as the democrats have the ink paper and a printing press nothing else matters.
It’s their answer to everything nobody can cause a flash fire like a democrat