[Vermont Lt]

If they think housing is tight with high rates, do these folks think it will loosen up with lower rates?

Next they will be talking “stimulus” bills.

[Owen]

There will be $36T in debt by November.

About 8 is residual QE at the Fed. About 8 is foreign held.
The rest is domestic, semi mandatory holdings at pension funds and various other institutions.

Only that 8T residual QE refunds interest to the Treasury. The rest is interest liability.

The composite interest rate is currently 3.2%, which is below current rates because past rates have not matured and rolled over yet.

But 3.2% And Rising is the number and precisely nothing else matters. There is no solution. There is no fix. Forget all of this fiscal conversations. Nobody is going to do anything.

Back to the border and the Swamp.

[Theoria]

That's what happens with higher unemployment and other grievances. Higher debt and deficits is the norm these days. The US doesn't know how to function without mass government spending, regardless who is elected.