Just not sure how to post this. It’s news but can’t be posted until some other source picks it up.
The result seems obvious.
We have growing inflation looming.
Plan for it and get out of debt now!
Actually I am surprised it isn’t worse. At least the obligations are not all due at one time.
The perfect storm is why the govt(i.e. - taxpayers) have to pick up for what should be totally handled by the private sector.
Are we communists already?
Many properties are being vacated. And banks don’t pay property taxes, until the properties sell. There may be a few, rare exceptions, but most of them wait for resale (which won’t happen for a very long time).
So there will be a bond collapse all the way down to local levels, but that will be triggered by the collapse of treasuries (inevitable).