“Make a deal to pay off Treasury bond holders at less than 100%. OK. But that will be the last Treasury bond ever sold. We will be on a cash basis after that.”
In an age of negative interest rates, don’t be too sure.
With less debt, governments are seen as better credit risks.
I’m convinced I’ll like some of what trump would do and hate some - like all of the presidents.
He will certainly rock the boat - but I think it needs rocked hard. Many will panic and get seasick.
I'm not so sure that will hold up. But I admit to not checking in on how Greece is doing with this issue. Do you know how it is going? That might tell us something.
So until I hear a really good argument in favor I'm going to keep my KOOKIE IDEA label on this latest from Trump.