Everything will be fine, they will just print more money when we need it. And besides, 80 million people voted for this so they didn’t have to endure any mean tweets from a bad orange man in the White House.
Next year the economy will come to a screeching halt, Trump will be elected.
Some guy I never heard of says on a financial site I never heard of, by a reporter I never heard of.
“Yes we have arrived at that moment, where the debt suddenly rises so fast and becomes unsustainable.”
************
Like a lot of things, slowly and then suddenly. Unsustainable and unpayable.
And the debt is on top of the unfunded liabilities which dwarf the debt by comparison.
Bond Market just catching up, it’s been behind.
The economic Ninja has been ahead of this for months now, warning of these exact same things. He is also available on Rumble now.
Stopped reading right there.
The rampant demand for the Eurodollar right now shows that nations can't get enough dollars for international settlement during this global period of monetary deflation.
More like ‘repairing’ the bond market for the future, much to the chagrin of cheap money pimps who want a continuation of current self destructive economic policies.
Cheap money leads to bad investments,redundant companies, make work employment, a weak currency, high real estate valuations, & bloated equities.
There will be some economic pain, but it has to be done.
He's a nobody.
“”””Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt.””””
Hey, Michael Pento, you are kinda late giving advise to investors to sell their long term bonds.
For the fools who bought a 30 year T-Bond in 2021 at par of 100, today that 30 year bond is selling for 52 cents.
Meanwhile, the stock market is behaving like everything is looking rosy.
October 2023 is promising to be interesting in the financial markets.
a company goes bankrupt slowly and then suddenly
the slowly is the company making the same mistake over and over again
the suddenly is when outside parties(creditors) put a stop to it
Wheel barrows on sale at Lowes.................
appeal2 :" Yes we have arrived at that moment, where the debt suddenly rises so fast and becomes unsustainable.
We all knew it was coming, but hoped it never would "
" Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency.
He advised investors to sell long duration bond exposure and invest in short term US government debt.
Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries.
He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying
and is instead selling their balance sheet, adding to the supply from China and Japan "
Lots of people want to buy 30 year government bonds paying 0.5%
The real questions is whether the U.S. is alone in facing a Financial crisis or is virtually the entire world showing signs of economic instability. If the world is showing instability which country is in the best position to recover?
For all of our many and serious problems we are less screwed than everyone else. It might be good if their is a major global correction despite the pain...
Yet bond rates are all up, recently and today.
What “collapse” is he talking about???
this website is one of the gajillion ones that constantly bombard me with spam ... arrrggg! i hate these a-holes!
“...and questioned who will buy it...”
Enemies, Foreign and Domestic? ;)
We ARE Argentina. Few on here would ever understand. I don’t have the time nor the will to explain it anymore.