I hate to say it, but at this point raising short-term rates may be what’s required to reverse the ascent of long-term ones.
I think even that would likely to - at best - delay the impact of the larger problem.
Deficits keep getting bigger and that simply cannot continue forever.
We need spending cuts - even pretty damn radical ones - and we forever get nothing but the opposite, regardless of who is in charge.
It simply cannot continue.
Lemme be blunt. No matter what is done, its temporary and the end will not be good.
Bailing Japan and countries like Argentina out?
We are eventually going to find out that there is nobody going to bail us out.
Some say default and restructure it.
I dont know. All i know is i listened when my elders talk about the great depression and how they got through it.
Funny thing in history. Two of the greatest depressions in our history started out/included with extreme tarrifs.